Posted on: 8 December 2022Share
It is never a good thing to be in debt or have any type of liability with the Internal Revenue Service. You may be receiving phone calls or letters about some type of tax issue that you need to face. This can be stressful and downright scary. Ultimately, you need to deal with your IRS tax issue, and one of the best ways to do that is with an attorney. A tax attorney can help you with a variety of IRS and tax issues, such as the following:
Set Up a Payment Plan for Back Taxes
If you owe taxes that you either have not paid for years or you simply cannot afford to pay upfront, an attorney can help you work with the IRS to set up an affordable payment plan. Maintaining a payment plan helps you remain in the good graces of the IRS and helps you avoid further penalties.
Help You with an IRS Audit
Learning that you are going to be audited by the IRS is not fun. Dealing with an audit is daunting, and many likely do not know how to even begin navigating that situation. In some cases, an audit can actually be in violation of your rights. An attorney can guide you through an audit and help avoid any parts of the audit that aren't necessary.
Possibly Remove Penalties from Your Tax Bill
If you have built up penalties due to your tax situation, your attorney may be able to lower those penalties or have them removed altogether. You will receive penalties when you pay your taxes late. These penalties add up very quickly and can overshadow the initial tax bill, making repayment very difficult. If you have penalties on your tax bill, contact an attorney that can work with the IRS to make them easier to deal with.
Release an IRS Levy
If you owe the IRS money, the IRS can issue a bank levy. A bank levy is essentially a garnishment of your wages. The IRS will take money from each paycheck for a period of time until your debt is repaid. This is scary because you need your paycheck every month to live on. If the IRS has issued a bank levy, your tax attorney may be able to get it released under certain circumstances. For example, if your attorney can make the case that the levy is causing you serious economic hardship to the point it is impacting your quality of life, the IRS may release the levy or at least lower it to a level that is more sustainable.
For more information, contact a local company, like IRS Trouble Solvers, LLC.