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Tax Law

What to Expect From a Tax Lawyer?

Tax Attorney

Before you hire a Tax Attorney, you should know what you can expect. The IRS is a government body that is mandated to collect taxes, and they have the authority to take possession of your wages, property, and other assets. They can even freeze your accounts, summon you to their offices, and seize your property. While they generally try to work with you, in some complex cases you may be better off with the help of an attorney.

Regardless of your situation, a Mammoth Cave, KY tax lawyer can review your financial situation to come up with the best payment strategy for you. An experienced attorney will discuss your situation with the revenue officer and attempt to negotiate a more reasonable payment plan. There are several ways to pay your tax debt, including assigning the funds to a recovery fee trust fund. A tax attorney can also provide you with options for negotiating with the IRS. If your situation is complex, a tax attorney can help you find the best option.

While the shutdown is underway, Indiana is not closing down its offices. It has taken steps to limit new warrants and liens. While outbound collection calls and audits are prohibited during this time, employees of the Tax Division will continue to work on cases. They may conduct conferences over the telephone or through videoconferences. Taxpayers should be sure to respond promptly to any outstanding requests for information. Additionally, the Tax Division will continue to protect applicable statutes of limitations.

A qualified tax attorney will also help you avoid collection action, such as IRS letters and notices. They can also help you avoid continuing penalties and interest if you are unable to pay your debt. If you don’t pay, your attorney can help you enter into a payment plan that saves you money. If you are eligible for this program, you can save up to 95% of your tax debt. To qualify for an Offer in Compromise, you must show that you have a significant financial hardship and inability to pay back the debt. You may be denied if you divulge too much information. In addition, you could be able to end up incurring more penalties and interest if you don’t pay your taxes on time.

If you need a Tax Attorney to help you with your tax problems, you can use the free consultation feature of the State Department of Revenue website. The FTB will determine whether you have an outstanding balance on your taxes, and will give you thirty days to pay it. As long as you file a timely response, you will be able to avoid penalties and interest imposed on late payments. So, even if you have to wait until July 15 2020, you can still seek the help of a Tax Attorney.

When it comes to reducing your taxes, you can choose to file an appeal if you’re unsure of what the IRS wants to see in your case. The Internal Revenue Service (IRS) can levy penalties and fines for various reasons. If you’re not prepared to fight these actions, you could end up losing your home. Therefore, it is in your best interest to hire a Tax Attorney to review your situation and fight the IRS on your behalf.

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