IRS tax debts require immediate action. To collect tax debt, the IRS has multiple strategies it can use, many of which can devastate you financially. They can use federal tax liens, wage garnishments, levies, and intimidating notices and telephone calls. To protect yourself, your home, and your job when you are in trouble with the IRS you should consider having a tax lawyer on your side. Our tax lawyers understand the complexity of your IRS tax problem and will work to get you the IRS tax debt relief you deserve.
An experienced tax attorney can provide legal tax help in avoiding wage garnishments and IRS levies, releasing tax liens, filing late tax returns, negotiating offers in compromise and resolving payroll tax problems. If the IRS accuses you of a serious crime, such as tax evasion or filing false documents, you would benefit greatly from enlisting the assistance of one of our local tax lawyers.
The IRS will take advantage of a taxpayer who is not knowledgeable about the tax law or IRS audit and collection procedures. Taxpayers need to be protected from IRS error, abuse, and intimidation. Taxpayers frequently overpay their tax liability, either as a consequence of inappropriate IRS actions, or because they do not have the counsel of a skilled and experienced tax lawyer.
Common IRS Tax Problems
Unfiled back tax returns can lead to such serious problems as:
- Increased penalties and interest compounding daily
- Substitute for Return (SFR) prepared by the IRS in place of your tax return
- Possible criminal action
- Extension of statute of limitations
- Loss of tax refund
- Inability to negotiate for IRS tax relief programs
- You may be unable to pay outstanding back taxes
You may have incurred Tax Penalties and Interest:
- Penalties for filing late
- Penalties for failure to pay
- Accuracy related penalties
- Interest compounding daily increasing the amount owed
You may be the subject of IRS collection actions:
- The IRS can levy the funds in your bank accounts
- The IRS can garnish your current wages, 1099 income, and your social security
- The IRS can take your personal property and apply it to your tax debt
- The IRS can place a lien against anything you own as security for an outstanding tax liability
You may be receiving IRS notices and threats or harassing and intimidating phone calls
Settling Back Taxes
There are many IRS programs available to settle unpaid back taxes:
- Filing Back Taxes
- Submitting an Offer in Compromise
- Negotiating an Installment Plan
- Releasing IRS Levies and Liens
- Requesting Penalty Abatements
- Qualifying for Innocent Spouse
- Qualifying for Currently Not Collectible (CNC) status
There are now more opportunities than ever before to obtain IRS tax relief. A qualified tax attorney is an invaluable resource in obtaining a fair and affordable resolution of your tax debt problems. A tax attorney stays current with the ever-changing tax laws and codes and is skilled in IRS negotiations.
Why You Should Enlist Legal Counsel with Tax Issues
Tax laws are ever-changing; every year, new laws are added to our tax code and complex changes are made. For this and other reasons it is extremely beneficial to seek out the advice of an experienced tax attorney, both to prevent and to resolve tax issues. Some tax attorneys also have a background in accounting, so if you want a tax attorney with accounting experience you should find one who is a Certified Public Accountant (CPA).
- You have a taxable estate
- You need to file an estate tax return
- You need to make estate planning strategies
- You engage in international business
- You are starting your own business – tax attorneys are skilled at determining the most advantageous business form (partnership, limited liability company, or corporation). Experienced tax attorneys can also instruct you on how to handle expenses, employees, inventory, income, deductions and other tax-related issues.
- You are looking to bring suit against the IRS
- You are under criminal investigation by the IRS
With IRS and Tax legal issues, your best plan of action is to seek professional assistance, and your best representation will come from working with an attorney who is experienced and knowledgeable in the nuances of tax law. Attorneys, Certified Public Accountants (CPAs), and Enrolled Agents can all represent you before the IRS.