Tax lawyers have settled millions of dollars that are owed in back taxes through tax relief programs. IRS tax liens and levies can destroy a family`s and a corporation`s financial stability. Tax lawyers have the knowledge to protect you from IRS collections, and can help resolve your tax difficulty.
The intricate and unintelligible income tax system provides IRS with the capability to trap average taxpayers into owing thousands of dollars. A practiced tax lawyer can help you avoid those traps and help those who have fallen prey to them. Over the years, tax lawyers have helped many people avoid wage garnishments and other tax levies. They have been successful in getting tax liens released and negotiated settlements to resolve tax problems. Anyone who is experiencing tax problems can benefit from the knowledge of skilled tax lawyers.
Experienced tax lawyers know the process and know what steps need to be taken in order to get a decrease in the tax money owed, or get it eliminated entirely. When you hire a tax lawyer it is their job to show to the IRS that the following conditions are present: the taxpayer does not have the capability to repay the tax responsibility; there is some uncertainty as to whether or not the taxpayer in fact owes the tax, or that the offered settlement supports effectual tax administration. Once one of these things is established, then a settlement on the liability can be discussed.
If you are in a position where you owe back taxes and feel that you have been put up against a wall, it is best that you hire a qualified tax lawyer to handle these negotiations. Many people try to negotiate on their own, and because they are uninformed of certain rights that they have, and the numerous different tax laws, they either fail entirely or end up with a settlement that they still can`t pay. What then happens in some cases is that they actually end up hurting their chances for a better settlement to occur even if they later do hire a tax lawyer.
Once you have retained a tax lawyer, it could take between 30 to 45 days to arrange and set in motion the negotiations and another 60 to 90 days for the IRS to respond. It is possible for it to take as long as 6 or 8 months or even more to get a settlement. If a case is very difficult and tax returns need to be prepared or re-filed, the case may take undoubtedly quite some time. Nevertheless, once the course of action has begun, the IRS cannot persist in their efforts to collect from the individual debtor. Once you have hired a tax lawyer, the IRS is limited in what they can do to collect until the case has been settled.
Before you search for a tax lawyer, gather all your legal documents together. Once you meet with them, be sure to provide them with any other information they request from you quickly. The faster you get them what they need, the faster they will be able to get your case moving along, and the faster you get him or her the information they need, the faster you can get your case resolved The better organized you are, the more your tax lawyer will be able to do for you.
Dealing with tax issues can be a tricky and often daunting task, but employing the services of a tax lawyer can really help, even if you have found yourself in something of a tricky situation. Just make sure that you are fast and co-operative with any information requested, and you and your tax lawyer can work towards resolving any tax issues that you are experiencing.