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Thursday, November 20, 2008
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Thursday, November 20, 2008
Tax AttorneysBy: J Shipper
Few things threaten your well-being like the
harassment and anxiety of persistent tax problems.
Most people make 3 mistakes that get them in trouble with the IRS.
They procrastinate.
They attempt to represent themselves.
They hire sub-par representation and now are in MORE need of help than ever before.
These are the kind of services a Tax Attorney can provide:
Offer in Compromise Cases,
Penalty Abatement Petitions,
Full Audit Representations
Business Strategy Sessions.
Preparation and Filing of Tax Returns.
Settle taxes for Pennies on the Dollar owed,
Stop IRS wage and bank levies (garnishments),
Have property liens lifted,
get affordable installment agreements,
File bankruptcy against the IRS,
Have penalties and interest forgiven,
Reduce taxes by running out the IRS' time to collect.
Offer in Compromise:
Settle your taxes for
Pennies on the Dollar owed
Professional law offices can help get you a favorable settlement with an experienced IRS tax attorney.
The IRS' Offer in Compromise program allows taxpayers to settle their tax debt.
What is an IRS offer in compromise?
It settles your tax liability for less than the full amount owed, providing you can prove you don't have the ability to pay.
Depending on how much you can afford, you really can pay "Pennies on the Dollar Owed" in taxes.
If it is done correctly - this option could save you an enormous amount of money, and is the best strategy for most taxpayers.
You should take extreme caution.
You should hire a professional with knowledge of the IRS' procedures.
This professional should determine the least amount that the IRS will accept from you.
If the Offer is not submitted correctly it will be rejected, or you may be required to pay more than is necessary.
An Offer in Compromise may save you a LARGE amount of money.
Do you know that the IRS only has a limited time
to collect your back taxes?
Let a Professional Tax Attorney determine when the IRS' time limit to collect taxes runs out.
In most cases the IRS has only a limited time to collect the unpaid taxes.
You must CAREFULLY evaluate exactly when that time period will run out.
Your troubles may be solved.
and moreover:
If the IRS' time has run out, or if it will run out soon, your troubles may be over.
Delaying tactics may be used to stall the IRS while their time runs out.
Once the IRS is out of time, they MUST stop ALL collection action against you.
The IRS MUST release all property liens
TAX RETURNS - FAILURE TO FILE
Many people fail to file Individual Income Tax Returns for a variety of reasons. Some reasons are innocent, although the most common is the fact that people can't afford to pay the taxes.
When this happens it becomes difficult to get back into the system. "I filed for 1998. I couldn't pay for 2000, so I did not file. Then I was afraid to file for 2001. I haven't filed since then. What can I do now?"
If you do not file Income Tax Returns you commit a criminal offense. However, no one who has voluntarily filed back returns before being caught has ever been criminally prosecuted. That is the first key: filing BEFORE they catch you.
IRS Penalties
Some IRS penalties can be as high as 100% to 150% of the original taxes owed. Even if you could pay the taxes owed, the extra penalties will make it impossible to pay off the entire balance.
The IRS imposes penalties to punish taxpayers and keep them in line. The IRS does forgive penalties. Before you pay the IRS any penalty amounts, you may want to consider requesting the IRS to not punish you because it wasn't your fault.
J Shipper is interested in Tax Attorneys.
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