Hiring the services of a tax attorney can alleviate your stress and make the taxation process much easier. However, before hiring an attorney, it is imperative to know what type of situation you are facing and which type of lawyer you would like to work with. Make sure the attorney you select is well-trained and licensed in your state. Listed below are some of the reasons why you should hire a tax attorney. You may also check out https://www.kentuckytaxattorneys.net/irs-lawyer-paducah-ky/ for further explanation.
A seasoned tax attorney will know how to prepare and file back tax returns, reduce penalties, and remove interest. He will ensure that IRS examinations are fair and accurate, and will conduct research into your situation. His goal is to prevent or stop wage garnishments, bank levies, and property seizures. A tax attorney will also work to place you in “currently non-collectible status” so that your account will not be reported to the IRS. If your account does not have enough money to pay the IRS, they will try to help you get an extended collection period.
Tim McLaughlin has extensive experience with all types of tax law. He has handled countless cases ranging from uncollected tax liabilities of $20,000 to hundreds of thousands of dollars. His experience with FBAR cases is unmatched. If you are unable to afford a tax attorney, you should consider hiring someone who charges a low hourly rate. This is the safest option if you need to get a tax refund fast.
Another reason to hire a tax lawyer is because you may be facing a legal dispute with the IRS. You may be facing a wage garnishment, a bank levy, or other liens due to tax debt. You may even be facing a criminal investigation for failure to pay your taxes. IRS tax lawyers can help you fight these charges. In addition to helping you with your tax debt, a qualified tax lawyer can help you get a lift on bank levy and wage garnishment.
Getting a tax resolution can be difficult, but it’s possible to resolve your debt with the IRS by pursuing a debt-settlement plan. This type of tax resolution may require submitting an Offer in Compromise (OIC). In exchange, the IRS may waive a portion of your debt or settle it for a reduced amount. Most taxpayers apply for an OIC. However, you may have to appeal if you are denied.
Tax attorneys have vast experience in working with the IRS. They know the ins and outs of the organization. They have the skills to handle even the most complex tax problems. They can negotiate complex tax settlements on your behalf. By signing an IRS Form 2848, you authorize an experienced attorney to negotiate the settlement. Unlike a general attorney, a tax attorney knows the ins and outs of the IRS. This allows them to provide you with more effective resolutions.
The ability to negotiate with the IRS is another key benefit of hiring a tax lawyer. Tax lawyers are trained in negotiating skills and will negotiate for a better solution than you would have with an untrained individual. Their ability to negotiate can make the entire process easier and less stressful for both you and the IRS. The attorney can make the case for a solution that works for your situation. These advantages make hiring a tax lawyer a worthwhile investment.
