Back taxes – a situation which is being faced by large number of taxpayers especially after the financial crisis in 2008! IRS has sent millions of notices in regards to back taxes. Some of taxpayers responded to them to check if they can get an extension in paying their taxes or tried to sort the things out with the IRS in professional manner. However, few taxpayers, knowingly or unintentionally ignore the correspondences and calls from IRS and now have tax collection notice in their hands. If you are among these taxpayers, you need to search for the IRS tax help immediately.
Most of the taxpayers who have received this collection notice will get panic. However, it is not going to help you at all. Therefore, you should look out for IRS help rather than cribbing, sulking and making situation worst. If you have received collection notice it means you need to handle this situation in legal manner. Therefore, you should refrain from calling IRS on your own. First of all, you should search for an expert CPA, Certified Tax resolution Specialist or tax attorney. It will ensure you that IRS notice will be responded effectively and professionally. You must have heard about several instances of brutality of IRS in collecting back taxes. So, don’t even think of battling with the IRS without professional assistance.
If you are not hiring a tax professional and abstaining from communicating with the IRS, you are more likely to face tax lien and wage garnishment. IRS is authorized to put lien on your property, car, motorbike and other valuable assets. Even if there is delay in paying taxes from your side, you tax attorney will assist you in communicating with the IRS and get rid of any tax lien and wage garnishment if there are any. Moreover, he/she will figure the things out to get IRS debt relief on the amount of your back taxes. Your tax attorney or certified tax resolution specialist will arrange a temporary halt on all the liens and garnishments and buy time to prepare your case to represent in front of the IRS.
To remove the back tax lien on your bank account or on your property, your tax attorney will file an IRS collection appeal. Main motive of the appeal is to settle back taxes disputes between the taxpayers and the IRS. Even though IRS has got the tag of brutal collection agency, they have some limitations in collecting back taxes for some of the taxpayers. If didn’t pay the taxes because of genuine reasons such as long illness, divorce, death in family or any other extreme circumstances, IRS would put you into the currently not collectible file. If your tax attorney gets success that you have genuine reason for not paying taxes in time, IRS is more likely to offer you a payment plan. Your accountant will calculate how much money you actually owe and tax attorney will negotiate for the payment plan with the IRS.