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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