Best Tax Attorney Orlando Part Three

Tax Law

Back Tax Debt Relief

IRS debt can occur by way of unfiled tax returns. Prior unfiled tax periods in question will generally result in back taxOrolando-IRS-Lawyer-Desk-Papers money being owed. This is only one of several different reasons a taxpayer may end up owing the IRS money. Tax debt can cause serious financial strain on the average person. Should the Internal revenue Service begin examining your name in the estimated federal tax report they receive quarterly, and see that you have gone one or more tax periods without filing (called back taxes), you will be contacted by a revenue officer quite quickly. At this point, it is best to be proactive and seek professional tax help by way of a tax debt relief company such as ours as quickly as possible. This step is especially important if the amount owed is more than you can afford to comfortably pay. You can rely on our staff to be informed and up to date on the current IRS laws, rules and regulations, as hiring a qualified tax help attorney can greatly benefit your situation, as we have the ability and experience needed to help the outcome be one that you can live with, lifting this ever increasing burden from your shoulders. Minimizing the tax debt owed, creating an installment plan, ultimately seeking the best way for your complete tax resolution to take place.

(IRS) Help with Audits

A tax audit is a different situation that can increase the amount of your IRS debt amount owed. The Internal Revenue Service may choose to analyze your return for a multitude of different reasons. After the final IRS tax debt has been decided, you may decide that you are in a position where it would be best to seek aid in the form of a federal tax auditprofessional in the IRS tax help field. Our agents, including tax help attorneys, can quickly assess your issue and negotiate with the IRS on your behalf. While not everyone qualifies for a reduced settlement amount, most do. Upon reviewing your financial information and knowing the facts of both your situation, and what the IRS feels your status is, an IRS tax settlement can then be discussed. Often, our clients are unaware that interest and penalties are added daily, sometimes totaling more than the original amount owed to begin with. If you are facing a back tax debt or an IRS audit, the sooner you seek help, the more you will benefit. Through talks with both the taxpayer and the IRS, we can lessen the amount of back tax debt owed, consequently, offering you relief from this burden. Should you currently have an agreement in place with the IRS but, your financial situation has changed, we can also help to modify or reduce the previous agreement. If applicable, even have your account deemed “non-collectable”. We are here to help, back tax help is our specialty. Call us today for a free consultation to see exactly what your options are.

Option for IRS Tax Levies

If you decide to overlook any Tax liability, the internal revenue service may well proceed by utilizing an IRS wage garnishment. Often times, you happen to be put in a spot where by you’ve got only a week or possibly a couple of irs wage levy letterweeks to combat the actual IRS tax debt issue on your own by contacting them. Or you can be assured with certainty that the IRS can and will issue an IRS tax levy. They can have anywhere from sixty to eighty percent of one’s paycheck levied. This challenge necessitates the fast, professional aid of a team that has a Tax Help Attorney like ours who’s qualified with regards to tax help. As a result of our negotiations with the Internal Revenue Service, we definitely have the necessary experience to settle IRS tax debt rapidly. We do this to help you save your hard earned money that you rely for you and your family. Many of our clients cannot afford to lose this amount of money weekly and still be able to pay their bills and survive comfortably. Don’t potentially be a target, contact a professional swiftly & guard yourself. Contact one of our IRS Tax debt help representatives regarding one of our IRS tax relief elimination programs now.

IRS (Payment Plan) Installment Agreement

Just one example of (IRS) help comes in the form of an installment agreement, which we will customize to suit your financial ability. We can create a plan built to make a deal with the repayment of your accessed tax liability. Through an arrangement that is reasonable according to what you can comfortably handle, complete resolution can be irs tax helpaccomplished quickly. With no installment agreement in place, the Internal Revenue Service has great latitude in their collection methods and may close your checking and savings account, close your business (if applicable), in addition to placing a tax lien on any individual or jointly owned personal assets. Furthermore, they may embarrass you by airing all your personal business at your place of employment. Should an IRS revenue officer contact your workplace, and notify them of your tax debt, whoever processes your payroll will be instructed to reserve whatever portion of your salary the IRS has deemed necessary to repay your back tax amount owed. The IRS, if not contacted in a timely fashion will generate their own determination without your knowledge or permission, as they do legally have the right to do this. Needless to say, this is where the help of a tax help attorney would be invaluable, as this situation can be financially crippling for you and your family.

How To Choose the Best Tax Attorney in Orlando

best-tax-attorney-in-orlando

  • Be specific in your legal needs. Not all tax attorneys handle every kind of problem. Some focus on Florida State taxes and others with the IRS.
  • Most attorneys offer a free consultation so don’t hire the 1st lawyer you talk to. Explain your predictiment and choose the one you feel works best for you.
  • Get reccomendations from family and friends, but don’t hire a lawyer just because someone reffered them. Look them up in legal directories and read their online reviews.
  • Check with the Florida Bar Association for any past disputes or disciplinary actions that may have been filed against the attorney.

Countless people are coping with an IRS tax debt that is difficult for them to pay off. This is a situation in which professional tax debt negotiation could possibly be available including an (OIC) or Offer in Compromise. The Offer in Compromise may be the best tax debt relief option for your case. This would be when we negotiate on the taxpayers behalf to reduce substantially the original amount of tax debt and make an official agreement with the IRS for you to pay this amount in order to obtain complete tax resolution. Should you chose to hire one of our IRS enrolled agents to work on your back taxes, we will take care of this arrangement from beginning to end, and make this the least stressful possible for you. According to statistics, your tax settlement would be five times more likely authorized by the IRS when using a tax help attorney, IRS enrolled agent or CPA, which are all we currently have on staff here. One component included in our IRS debt relief program, is our negotiation package, we would work to reduce other IRS debt, including assessed interest as well as tax penalties. In time, this can add up to 50 % of the originally owed IRS debt amount. Having the agent we have working on your case advocating on your behalf to relieve some, if not all of the assessed interest and penalties, can save you a tremendous amount of money and stress. You shouldn’t wait another day to seek professional help; in the long run it will only make your back tax debt larger. Choosing a company to help you any IRS back tax issue should never be taken lightly, as we all know, there are some companies that offer solutions that don’t exist and charge you large fees, before even attempting to work on your case. Please do your research before deciding who to choose, this decision should not be taken lightly, you have a lot at stake. We feel that you should do your due diligence in researching before hiring. We are licensed to work on State and Federal tax issues, individual personal & small business tax preparation, back tax help, wage garnishments, tax liens, tax levies, audits, you name it, and we can handle it. Call us for a free analysis.

Tax Liens

Taxpayers with unpaid back taxes that have avoided settling their debt with I.R.S. are prime targets for a Tax Lien. The term “Tax Lien” refers to the I.R.S.’s legal claim on a taxpayer’s property as payment for their debt, and it’s one of the first aggressive steps the I.R.S. takes to collect on back taxes after previous contact has been ignored. If a Tax irs lienLien is also ignored, it will then turn into a Tax Levy.

Most married couples choose to file their taxes jointly in order to take advantage of higher tax breaks. Even if one spouse earns 100% of the income, both spouses are liable for the taxes reported on the return. Therefore, the I.R.S. is able to collect taxes from either spouse, no matter if they earned the money or not, or if they reported the taxes or not. This applies even after couples divorce. Tax fraud is separated into different categories: filling a false return, failing to file a tax return, evasion of payment and tax evasion of assessment taxes.

Tax Fraud

Regardless of the category, if you are convicted for tax fraud you could face serious jail time and be fined anywhere upwards of $25,000. Regardless of the potential consequences, there are people who choose to deliberately break the law and beat the tax system. They fail to state the correct amount of income earned, overstate deductions and falsify documents. They conceal or transfer income and report personal expenses and business expenses. In these cases, irs tax fraudlegal and financial consequences are justified and will require a lawyer.

Trust Fund Recovery Penalties are actions taken against the owners, officers, directors, shareholders or other persons with an interest in a corporation with unpaid employment tax liabilities. By enacting a Trust Fund Recovery Penalty, the I.R.S. makes the individuals who run the business personally responsible for the unpaid taxes; if the situation escalates far enough, the I.R.S. can collect from their personal assets.

While no one likes considering the prospect of his or her life ending, it is prudent to protect your assets and minimize tax issues that could arise subsequent to one’s death. While a simple document allocating funds and assets may seem like a viable option, without the proper education about tax and estate planning, your property and funds may become more of a liability than an asset to your loved ones.

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