Not paying or being unable to pay taxes in the US invites problems with the IRS. The IRS is responsible for administering tax-related issues in the US. When it comes to collecting taxes, the IRS can attempt to collect unpaid taxes from a taxpayer up to a decade from the year of the original assessment. In cases of IRS tax problems, help from an experienced tax debt lawyer nearby is beneficial. For instance, Dallas residents can seek help from a Dallas-based tax relief law firm or a Dallas-based tax attorney for advice on responding to the IRS. But before that, it is vital to understand the various IRS tax problems that can be a cause of worry in your life. In this blog, we discuss the three IRS tax problems that you should know.
Liens & Levies
Liens and levies are one of the most destructive tools the IRS can deploy in case of unpaid taxes/tax debt. An IRS tax lien is a legal document that secures the IRS’s interest in your assets (real estate, financial assets, and vehicles) ahead of your creditors. In case of non-payment of dues or appropriate action to a lien notice, the IRS imposes a levy triggering the process of seizures of your assets. When dealing with IRS taxes problems such as liens & levies, it is highly advisable to consult an IRS tax attorney in Dallas or anywhere else for legal tax lien assistance.
Wage Garnishments
If you think not owning assets can save you from the IRS, you’re mistaken. The IRS can contact your employer, as a part of the levy process, to collect a portion of your paycheck to pay the outstanding tax balances. This is called wage garnishment and the employer has to comply with the IRS to avoid legal proceedings.
Penalties & Interests
Among the different ways in which the IRS worsens the case for taxpayers who don’t meet their tax obligations is by charging penalties and interest on the due taxes. The IRS imposes penalties for unpaid/unfilled taxes that continue to accrue interest until paid in full. This increases the burden on delinquent taxpayers. When seeking problem resolution for IRS tax problems such as penalties and interests, it is crucial to discuss the ins and outs of your case with an IRS attorney to chart the best possible abatement-related solutions.
Final Word
Dealing with IRS tax problems requires strategic financial planning and timely response with the right documents. If you are in tax debt and are confused as to where to begin, consult tax attorneys nearby for complete IRS problem resolution. IRS tax attorneys can help you with the intricacies such as choosing the right debt-relief options, filing the right form, attaching documents, and evaluating several other factors. If you are looking for tax debt help in Dallas, TX, get in touch with a leading Dallas IRS tax attorney. Choose an experienced Dallas-based IRS tax attorney who understands the complexity of your IRS tax problems and provides undivided attention.
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