Pete Losavio has over thirty years of experience in handling cases involving tax problems. Navigate our website to discover more about this area of the law.


Initial office conference:

There is no charge for our initial office conference and there is no obligation to retain our firm. If you would like to schedule a conference that is convenient for you, please click the button below or call us at 225-769-4200.

What happens at your initial office conference?

At our initial office conference for tax problems, you will be asked general information about your income, assets, debts, and taxes owed. An attorney will discuss and make recommendations regarding your case. You will be required to fill out an initial intake sheet.

Fees:

If you decide to retain our firm and our firm accepts your case, a written contract shall be executed. If an issue is uncontested and non-problematic, normally a flat fee will be charged in advance of any work. If a matter is contested or problematic, a retainer will be charged in advance of any work. The attorney will then bill you on an hourly basis from said retainer. Estimated court costs will be required to be paid in advance as well.


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FREQUENTLY ASKED QUESTIONS ABOUT TAX PROBLEMS:


Can income taxes be discharged in bankruptcy?

Under the right circumstances, not only can federal income tax be eliminated, but state taxes and other non-tax debts can be wiped out. Additionally, even when taxes are not discharged, bankruptcy can be used to stop collection, force release of seized assets, and allow for payment over time, often without accrual of interest or penalty.

Can I sell my tax liability for pennies on the dollar?

In considering settlement offers (Offer in Compromise), the IRS uses a formula that looks at the assets and income of the taxpayer. If the net assets, plus the net income times a multiplier factor of 48, equals or is less than the offer amount, the IRS will generally accept this amount in settlement of the tax liability.

Can I get the IRS to waive or reduce interest on tax liabilities?

No. The IRS will not waive or reduce interest on tax liabilities.

Can I get the IRS to abate penalties?

There are statutory grounds for the waiver of penalty. Therefore, it may be possible for a taxpayer to get penalties associated with the tax liability waived.

Can the IRS seize my IRA account?

Yes, state exemption for seizure and assets of income do not apply to the IRS. The IRS can seize your IRA account and other accounts, such as 401(k) and pension.