Levies, Tax Debt Relief and And IRS Collections: When to Call Your Tax Attorney
We all know that tax attorneys specialize in tax issues, but what exactly does that mean and when should you contact one? Not every situation calls for a lawyer and there are some tax problems that you can handle on your own. However, when serious tax problems arise and become complicated, it’s time to call a tax attorney.
A typical tax attorney will specialize in several areas of practice, such as state and federal tax audits, levies and leans, IRS collections, appeals, delinquent tax returns, and tax fraud/evasion. It is when these issues occur that one probably needs to call a tax attorney, especially when facing criminal charges. Tax audits are a common practice, but do not always require a lawyer. If your audit is the result of a random research and you know your taxes were filed accurately, then there is no need to worry. However, if you do believe there could be serious discrepancies, then a tax attorney can prevent you from saying something that can go against you during the case and help reduce the amount of money you will owe the government.
Levies, liens, and seizures occur when you fail to pay the IRS your taxes or debts that you may owe on time. A lien is when the IRS takes ownership of your assets until a tax debt is paid. Typically, the IRS will place a lien on your home or property. A levy is when they actually take your assets, such as money from your bank accounts, to pay the debt. When you receive notice of a lien or a levy, you need to call a tax attorney so that the levy or lien can be removed and you can set up a payment plan instead. A lawyer can even work with the IRS to make your payments less. Failing to call a lawyer can result in the loss of your home, money, or possessions.
Delinquent tax returns, tax fraud, and tax evasion can all result in jail time and steep fines. This is one battle you cannot win on your own and it is imperative that you hire a tax attorney. Hiring an expert lawyer will give you the advice you need and hopefully allow you to avoid going to jail. Even if you did not willfully commit fraud on your taxes, a lawyer will be needed to prove the allegations are false. However, not all circumstances have to be so extreme to require the expertise tax laws. If you are starting a business or need to write up contracts, then hiring a tax attorney will be in your best interest.
When searching for a tax attorney, always find out their specialties. One lawyer may be more knowledgeable about tax fraud cases than the next. If your problem also contains accounting issues, search for an attorney that also has a Masters of Laws in Taxation. Unsure what you need? Many lawyers will offer free consultations so you won’t be left in the dark. When in doubt, give the lawyer a quick phone call. Issues with the IRS should not be taken lightly.