Protecting your assets requires more than basic estate documents. For individuals and business owners in Dallas, asset protection must also account for tax exposure, creditor risk, and long-term financial planning.
A properly structured plan can preserve wealth, minimize estate taxes, and protect your family’s financial future.
With over 10 years of experience and more than 450 clients assisted, our firm helps clients implement legally sound strategies designed to safeguard assets while maintaining compliance with federal and Texas law.
Once approved, you agree to pay a fixed monthly amount toward your tax balance. As long as you remain compliant and make payments on time, the IRS will generally suspend enforced collection actions such as:
Interest and penalties may continue to accrue until the balance is paid in full, but structured payments can provide financial stability and prevent escalating enforcement.
Depending on the amount owed and your financial situation, several options may be available:
The type of agreement you qualify for depends on income, expenses, assets, and total tax debt.
For many payment plans, the IRS requires detailed financial information, including:
Accurate reporting is essential. Overstating ability to pay can lock you into unrealistic payments. Understating financial capacity may lead to rejection or further scrutiny.
A careful financial analysis ensures the proposed payment is reasonable and sustainable.
Missing payments or failing to file future tax returns can cause the agreement to default. Once in default, the IRS can immediately resume collection activity.
Maintaining compliance with future filings and estimated payments is critical to keeping the agreement active.
An Installment Agreement can provide relief and prevent immediate enforcement, but it must be handled properly from the start.
With over 10 years of experience and more than 450 clients assisted, our firm helps Dallas taxpayers secure payment plans that align with their financial reality while protecting them from aggressive IRS collection.
If you owe back taxes and need a manageable payment solution, call Margolies Law Office today at (469) 626-7760 to schedule a confidential consultation and explore your options.
“ Andrew Margolies did a great job for my mom who had paid her taxes, but the IRS failed to associate the payment with her account. She kept getting letters demanding payment with accrued interest and fees even though they had cashed her check.
After Andrew started working on it, the letters stopped. We were notified there had been a credit to my mom’s account, and finally the payment was properly applied with a zero balance. She is even receiving a refund.
We’re very happy with Andrew and would highly recommend him.”
“I came to Andrew Margolies with a significant IRS issue that I had been losing sleep over for months. I spoke with Jennifer on the phone, got in the same day for a consultation, and had a full resolution within 2 business days for a reasonable price. Andrew did exactly what he said he was going to do and provided me with a thorough resolution.
Being 9 months pregnant, Andrew was extremely sensitive to my timeline urgency and was on the phone with me at 5pm on a Friday helping me with my case.
Before meeting with Andrew, I called around to 10 different offices. All of those interactions felt like a sales funnel and a money grab. I can’t explain the relief I have having chosen to work with Andrew and having a resolution within days. We’re absolutely thrilled with the value and the experience.”
“100% recommended. I had a problem regarding my tax return since the beginning of 2023 and had been trying to follow up myself until 2025 with no progress. I decided to work with Attorney Andrew and Jennifer and in less than a month my problem was solved.
Attorney Andrew is very knowledgeable with reasonable fees and Jennifer is very responsive to all requests and questions. Most importantly they have business ethics. I will not look further if I have any more tax problems.”
