Can IRS Tax Attorneys Settle All Your Tax Issues? The Internal Revenue Service is a government agency that you don’t want to cross because doing so can mean very hurtful consequences. The IRS is responsible for determining your actual taxes and collection, and as such, they can exercise and maximize all efforts to get the money you owe the government. Their tactics can be very serious. These include:
A tax lien so you cannot sell or refinance your property A tax levy so they can get your assets and use them to recover your debt Hefty penalties and fines A potential criminal liability for evading taxes A damage to your FICO score and reputation A wage garnishment that can significantly reduce your take-home pay Persistent calls and notices from the IRS agents
At some point, you may find yourself in an unfortunate situation with the IRS. If it happens, always remember that you do have a lot of options available and that there’s one person who can help you with your trouble: a tax attorney. A tax attorney doesn’t have to necessarily mean a certified public accountant (CPA). While they do share some similarities in that the CPA also knows many things about taxes, the CPA cannot represent you with regard to tax problems. In fact, the IRS may compel the CPA to testify against you in case the issue has to go to court. The tax attorney is also different from other types of attorneys since he specializes in one sector, and that is tax issues and the IRS. He spends many years studying the different laws and develops expertise in the field. He knows taxes and the IRS like the back of his hand. Waving the Magic Wand—Not Let’s be clear that the tax attorney doesn’t have any means to immediately get rid of your problems. In the end, it all depends on the IRS and, to a certain extent, the court. Contrary to popular belief, he doesn’t have any magic wand that excludes you from paying the back taxes and other IRS liabilities. Nevertheless, a tax lawyer is still badly needed because: He guides you throughout the process. Ignorance will never be bliss, especially if we’re talking about the IRS and tax problems. The more you don’t know, the more you’re prone to committing more mistakes that can be very costly. The knowledge a tax attorney can pass on to you can be your guide as you make careful decisions.
An IRS Lawyer choose the best course of action. There are no fixed programs for troubled taxpayers. The circumstances , according to the law offices of nick Nemeth, can vary greatly, and thus, the program must be designed to address the specific issue. The attorney can come in handy when youâ€™re presented and feel overwhelmed with the different choices available. An IRS agent knows the tax laws, thus talking to an IRS agent can be very unnerving and stressful. An attorney, meanwhile, may represent you during discussions and settlements. This can already be a huge help in minimizing your stress. He also takes care of the documents that you have to submit in case you want to file for a dispute or an appeal to strengthen your case or informs you of the requirements. He prepares you for the tough ride ahead. With his experience working with different clients, he can already help you set realistic expectations about your case. This way, youâ€™ll be more prepared and know how to effectively deal with the issue.