Hire a Tax Attorney in Riverside to Protect yourself from Tax Debt
Filing back taxes can be a tedious task that can easily tire you out if
you try to tackle it all alone. Even a slight miscalculation can lead to
incurring back taxes and tax debt which can compromise your financial security.
The IRS can penalize you which can lead to a lot of actions being taken on your
accounts such as tax lien, tax levy, bank levy and wage garnishment. This can
severely hamper your financial well-being. To save yourself from these
troubles, you can hire a tax attorney who can help you
take care of your tax concerns, help you file accurate taxes and deal with the
IRS and their actions in an effective way. Let us explore how hiring a tax
attorney can help you and your finances remain trouble-free.
1.
File your taxes accurately: Not many people are aware that the tax laws change from one place to
another such as moving to California from Texas. The tax laws and regulations
also keep on undergoing changes periodically as policies expire and newer
elements are introduced. This makes it extremely difficult for any taxpayer to
keep a track of their applicable tax laws and regulations and determine the tax
amount to be filed each year. The tax attorney is a qualified professional who
also keeps a check on your upcoming deadlines and helps you file accurately.
2.
Handle audits: The IRS audits are no joke, and it can have dire consequences for you
and your loved ones. The tax attorney can give you a heads up about an upcoming
audit based on the audit patterns of earlier years. In case you do get audited,
with the tax attorney you will more likely have your paperwork in order and
submit the required proofs to the IRS.
3.
Deal with fines and penalties: Apart from the back taxes,
your tax debt may include several components such as penalties, interest on the
outstanding amount, and the fines imposed by the IRS. The Tax attorney
authorized by you can negotiate with IRS on your behalf and waive away the
penalties and charges imposed by the IRS.
4.
Avoid suspension of passport: If you have more than a
certain amount of tax debt outstanding, IRS can go ahead and take severe steps
such as suspending your passport. You would need a tax attorney to defend
against the charges of the IRS and protect your rights of holding your
passport. This can infringe upon your rights, especially if you need to travel
for business reasons.
5.
Negotiate installment agreement: The tax attorney can help
you negotiate with IRS on an installment agreement based on your financial
situation so that you can take some time in paying the tax debt. You can even
save some money with tax forgiveness. This will also stop other steps such as
tax levy and wage garnishment.
Hiring a tax attorney is an important
step in the lives of taxpayers residing in California and other US states.
Based on your requirements one of the names to trust in this field is the
National Tax Attorney. They have great experience in dealing with all matters
concerning IRS and they can help you out of most tax related problems. Do check
out their website to learn more and contact National Tax Attorney today.
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