Federal income tax relief is available to anyone who has an outstanding tax debt. Not everyone knows how to find help. They believe they are stuck and have no options.
The IRS depends on the fact that most taxpayers do not seek the help of a qualified tax attorney. This allows the IRS to set the terms of tax debt repayment to their advantage. The IRS has the power to impose severe penalties and fines in addition to the compounding interest. If you need Federal IRS tax relief, you must seek help now before the IRS files a Notice Of Intent.
Approximately 20% of the United States population has an outstanding back tax debt and major tax problems. The primary reason for tax delinquencies is the taxpayer’s inability to pay. In today’s economic atmosphere, the IRS is willing to work with your tax attorney to arrive at a mutually beneficial resolution.
IRS Notice of Intent
The IRS is adamant about collecting delinquent taxes. Owing back taxes is a serious threat to your financial security. A “Notice of Intent” is just one tool designed to get the attention of the taxpayer. If the IRS is intending to file a lien against your property, they must first file a record with the county recorder where the property is located. The “Notice of Intent” is the first of many actions the IRS will take. If you do not attempt to pay your tax debt, the IRS can seize your bank accounts, wages, home, automobile and anything else of value you may have.
Once you receive the “Notice of Intent”, which comes via certified mail, time is of the essence. You have ten days to file a response and up to thirty days before any formal collection action begins. At this stage, it is imperative to consult with a tax attorney who can communicate with the IRS on your behalf and protect your rights. You need a Federal IRS tax relief plan that fits your financial situation.
IRS Wage Garnishment
If your wages have been garnished, an experienced tax attorney can contact the IRS to have the garnishment lifted, and will work with the IRS to develop an IRS tax relief program best for you.
The IRS has a series of strict guidelines and protocol which determine how much of your income can be garnished for tax debt. However, the loss of any part of your wages can render you unable to meet general living expenses. Also your employer will become aware of your back tax debt adding embarrassment to your stress. You cannot be fired for having your wages garnished, but it can have a negative impact in the work place.
Many times the taxpayer is unaware of an outstanding tax liability until the garnishment happens. An experienced tax specialist can provide immediate assistance and reassurance.
IRS Levies, Liens and Asset Seizures
There are Federal tax relief laws in effect that protect you from being left homeless and destitute. But, how can the IRS know the circumstances surrounding your financial status? And how does the average taxpayer understand what is required to qualify for IRS tax relief? Until a working relationship is established, the IRS will proceed with serious collection actions to levy bank accounts, place a lien on your home, and seize your valuable assets.
You need a qualified tax attorney in your corner to contact the IRS and negotiate a temporary suspension of further collection activity. Your tax expert can then determine your income-to-debt ratio, and review the IRS tax relief plans for which you may qualify. You will sit down together and review the information available, and then choose which option best suits you. Once you have a team of tax experts handling your case, you do not have to fear having a tax liability. An affordable tax debt resolution can be reached.
Federal IRS Tax Relief Assistance
Federal IRS tax relief takes many forms. What is available to you is determined by how much money you owe the IRS. Certain amounts of money will predispose your eligibility to certain payment options. This is yet another reason why it is so important to know your rights and explore every possible avenue for paying tax debt.
Ultimately, the IRS has the authority, power and resources available to overwhelm the taxpayer. It takes more than a bit of knowledge and experience to negotiate with them. A tax attorney is well-versed and experienced in IRS negotiations. He can represent you in IRS communications, protect your interests and obtain a Federal IRS tax relief program to resolve your tax problems.