It is understandable that many people are unable to pay their back taxes. Many tax payers are simply unlucky. The IRS can issue notices, demand financial information, and even levy astronomical interest and penalties on those who do not pay. Then, if they don’t pay, the IRS can begin threatening legal action and wage garnishment to collect what is due. However, there are ways to avoid all of these complications and avoid bankruptcy.
The first step is to hire an IRS Tax Debt Attorney at www.indianataxattorneys.net/tax-debt-attorney-south-bend-in/. If you are unable to pay your back taxes, hiring a Tax Debt Attorney is the best way to avoid bankruptcy. You should remember that the IRS cannot be trusted if you are not able to pay. This agency has aggressive collection practices and will not be satisfied with an offer that you can pay. The best way to fight back is to hire an IRS Tax Debt Attorney who has years of experience dealing with this agency.
An IRS Tax Debt Attorney can negotiate with the IRS on your behalf. For example, a taxpayer who has been forced to file bankruptcy is eligible to file an “offer in compromise.” The IRS will consider this option if he or she can prove a serious financial hardship, such as losing a job, catastrophic medical expenses, or family members suffering from unemployment. While this option may seem overwhelming, it is not out of the question. A qualified IRS Tax Debt Attorney can help you file current tax returns and work out a payment plan that will be affordable for you.
Another way to negotiate with the IRS is by filing an “offer in compromise.” This is an offer in which you ask the IRS to reduce your tax debt. Despite the fact that you have no intention of paying anything, this option can be the only way to save your money. If your financial situation is dire, you may even be eligible for an “offer in compromise.” While this option isn’t suitable for everyone, it does exist for some.
The IRS accepts compromise offers from taxpayers in a great deal of cases. In fact, the IRS accepted a record of 54,225 compromise offers in 2019 and accepted 17,890. It is important to note that a taxpayer must be up-to-date on their tax filings and have paid the estimated taxes for the current year to qualify for this type of deal. Otherwise, the chances of negotiation are slim. If you qualify, the IRS will be more lenient with a low income.
A tax attorney will not settle your tax debt for pennies on the dollar. An IRS Tax Debt Attorney will be able to negotiate on your behalf with the IRS and resolve your back taxes so that you can pay your bills. As long as you have paid your taxes on time, you will be able to keep your assets and avoid jail, and if your tax debt is not paid on time, an attorney can negotiate on your behalf.
There are a lot of tax controversies and questions that people who are tax challenged may ask their tax attorneys and accountants. They are so desperate to get out of their burdens that they will do anything to help them in resolving their tax debt issues. Some of the most common questions they ask are, what about filing for a motion to dismiss? And can my lawyer help me in an audit?
If you are one of those taxpayers who are confused whether or not to file for an audit, Grand Junction has many professional tax debt attorneys who are ready to be your legal counsel. Many have even earned their law degrees at Ivy League schools. You can start by asking if they work on a contract basis or an hourly basis. You may also want to know if they have any experience in the tax controversy field and if they are licensed to practice before the IRS. It is important to remember that any lawyer who promises a 100% results will not be providing you with all of the necessary information you need to resolve your tax debt issues.
Many attorneys in the tax debt attorney Grand Junction area also have private practices. This means that they have many clients but not necessarily enough hours in a day to meet all of their client requirements. For that reason, some law firms may prefer to hire these types of attorneys to focus on their clients specifically. If you live in Grand Junction and are faced with a tax controversy, you will want to find an attorney who can help you represent your needs. For more information about hiring a tax debt attorney, visit www.coloradotaxattorneys.net/tax-debt-attorney-grand-junction-co/.
It may also be difficult to understand why taxpayers in the tax issues area find themselves asking such personal questions. After all, isn’t paying your taxes the most important thing? But even though we all want to be very careful when it comes to paying our taxes, it is still very difficult to do so when there is a question about your filing status or about your right to receive tax relief. It is even more difficult when there are questions about whether or not you actually owe the money you think you owe. In this situation, hiring a tax relief attorney can make all the difference.
So if you have received a notice of audit from the Internal Revenue Service or the state tax agency, you will want to seek out the services of a competent tax audit attorney. They are trained and experienced to help people with difficult tax issues like those mentioned above. They know how to effectively represent themselves in front of the IRS or state tax agency as well as in front of judges and juries.
Taxation is a very difficult and frustrating field to be in. It is not only the Federal tax matters that taxpayers should be concerned about, but everything that encompasses their tax matters. And when it comes to representation by taxation attorneys, they are certainly one of the best possible outcome you can expect. Learn more today!