Settlement Resolutions

Tax Settlement Lawyers in Delaware and Pennsylvania

Many people do not realize that the IRS has the authority to compromise your federal tax liability to substantially less than the full payment. At Gibson & Perkins, P.C., we can help you determine whether you qualify for the offer and represent you before the IRS to help resolve your outstanding tax problem.

Completely Resolve Your Outstanding Tax Liability

An offer in compromise is an agreement between you and the IRS that can completely resolve your outstanding tax liability — often for pennies on the dollar. We can help you determine whether you qualify for the offer in compromise.

If you have an outstanding tax liability, the penalties and interest can sometimes nearly equal the tax liability itself. The law allows the IRS to remove or reduce a penalty in some cases. Our attorneys understand when a penalty can be reduced or removed completely. Contact our office today to discuss your situation and see if you qualify.

Qualifying for Penalty or Interest Abatement

In order to qualify for penalty or interest abatement, you must submit an abatement request to the IRS in the proper form. We can help you determine if you qualify, and we will represent you before the IRS in processing your abatement request.

If you cannot pay the full amount that you owe the IRS, you may qualify for a tax extension and be allowed to pay the tax in installments. You must make the proper request to the IRS. In addition, if you are unable to pay the IRS tax that is due or if doing so would result in a severe hardship, you can also apply for a special tax payment extension on the IRS tax.

It is important to note that, if you make the payments in installments, you will be charged interest and a late payment tax penalty by the IRS for any tax that is not paid by April 15th. Our attorneys recommend that before you request a tax installment from the IRS that you consider less costly alternatives such as a bank loan.

Contact us today to schedule your free initial consultation, or call us at 610-565-1708.

Gibson & Perkins, P.C.

100 W. Sixth St.
Suite 204
Media, PA 19063

1326 King Street
Wilmington, DE 19899

Telephone: 610-565-1708 | Fax: 610-565-4358

Gibson & Perkins, P.C. has offices in Media, PA, and Wilmington, DE, and represents clients throughout the region, including the Philadelphia Metropolitan Area, Delaware County, Chester County, Montgomery County, Bucks County and Philadelphia County, Pennsylvania; and in Delaware throughout Newcastle County.