Owing the Internal Revenue Service is a serious situation. As citizens of the United States we are required to pay taxes on our income, property and businesses. These taxes are non-negotiable and come with very complex and confusing rules. If you are delinquent on any of your tax debt you may need to consult an IRS Tax Attorney immediately!
Once you become delinquent on taxes the government has more authority than any other creditor to enact aggressive collection techniques. The IRS will not go away, or forget about your debt. They will however, freeze your bank accounts, seize your business, property and assets, and/or garnish your wages. All of this is in addition to adding very expensive penalties and interest to your original debt. In some cases criminal charges may be filed which could result in serious jail time.
The average tax payer does not fully understand the complex rules and terminology used by the IRS. Each year tax laws are amended, added and changed, making it even more difficult to fully understand your rights under the tax laws. Very few taxpayers understand the laws well enough in order to negotiate directly with the IRS.
This is where IRS Tax Attorney assistance comes in to play. Not only are IRS Tax Attorneys well versed in the tax laws, but they are required to keep up with the changes made each and every year.
They can assist you with finding the best course of action to negotiate a settlement or an agreement with the IRS. They can also handle the communication with the IRS on your behalf. This is proven to decrease and or eliminate the stress involved with handling tax debt.
Some of the basic options available to delinquent tax payers are to establish monthly installment agreements, to submit an Offer in Compromise or to prove that you are currently not collectible. An IRS Tax Attorney will be able to not only determine which course of action best fits your specific situation, but also assist you with the preparation of the required documentation.
Communication with the IRS has to be taken very seriously and you must be diligent and complete with your financial statements and asset evaluations. Any error, be it intentional or simply an honest mistake will still be deemed as fraud by the IRS. This could open you up to criminal charges of tax evasion and or tax fraud.
In order to avoid such disastrous outcomes contacting and IRS Tax Attorney is paramount. Ideally you should pay your taxes on time, file all returns on time each and every year. However, if you find yourself unable to do these things, you should immediately enlist the assistance of a tax attorney the moment you realize that you will be delinquent.
Being proactive shows the IRS that your intentions are to pay your debt. Procrastination shows them just the opposite. Many of us procrastinate out of fear and intimidation, but the IRS will always view this as evasion. Take the steps to get qualified assistance the very moment you realize you will be delinquent on tax payments or on returns filed.