The global economic crisis has affected the lives of countless people today. Lots of people fall behind their tax duties and other financial obligations. Many deal with bad credit ratings, foreclosures, and tax debts. The Internal Revenue Service (IRS) will collect the money you owe from the government one way or another. This is the time you need assistance from IRS tax attorney.
Listed below are the most common circumstances where you might need professional assistance. You may well be familiar with some of them so check them out.
I am running a business and have not paid my taxes.
“Will the IRS shut my business down?” Yes, they’re able to and they’re going to. The IRS will collect all funds due them. When you have a sole proprietorship business, they will place a bank levy on your personal account. This is because you and your business are viewed as a single entity in this sort of setting. You can avoid this by getting the help of an IRS tax attorney as early as possible. Look for a counsel with years of experience. Your counsel will assist you in negotiating a payment plan that fits your present financial dilemma. You can reduce the damage by doing this.
A revenue officer is knocking at my door.
A revenue officer working for the agency can track you down. He will probably stop at nothing till you settle your debt. You will likely ask, “Is it too late to call a lawyer?” No. Contact your lawyer at once for help. You may think of hiding, but you ought to understand that doing so or ignoring them won’t help you solve the problem. This will lead to account delinquency. The government will issue a bank levy in cases like this.
So what is a bank levy?
Once the government has exhausted every means to make contact with you and collect the money you owe them, they are going to give you a notice of levy. Which means you have only 21 days to stop the levy from getting all the funds from your account. Your tax relief attorney knows that a bank levy freezes your accounts. There are cases where the amount debited from your bank account wouldn’t be adequate to pay what you owe. If this sounds like the case, the government can keep on collecting from your account until you have totally paid the debt. Your lawyer can help you solve this so there’s nothing to worry.
The above-mentioned scenarios are some of the cases that require the assistance of a tax relief attorney. It might mean additional expense for you. The great news is that they can help work out an effective payment plan or reduce the amount you owe.
Once your situation becomes unmanageable, get the assistance of a professional tax relief attorney.
The author is an owner of a small company trying to find the services of tax relief attorney and is searching for the best tax attorney los angeles law offices can provide.
