If you are facing an IRS tax levy, you should consider contacting an IRS Tax Levy Lawyer as soon as possible. There are many benefits to hiring a tax lawyer, but you should first know what you’re up against. It can be frustrating and confusing to deal with the IRS, so a tax attorney is essential. This article will give you some basic information on how the IRS tax levies can be prevented.
First, if you are unable to pay your taxes, the IRS can levy your assets. When this happens, they will seize your property, your bank account, and your wages. Furthermore, a delinquent tax debt can even result in the revocation of your passport! This is where the IRS Tax Levy Attorney comes in. He understands how to negotiate with the IRS to avoid a tax levy and protect your financial interests.
Hiring a tax attorney is essential for winning an audit, and it is essential to choose an experienced professional. You may have a good working relationship with your local tax attorney, but you won’t have a good case against the IRS if you have no legal help. And if your case ends up in U.S. Tax Court, you will need a tax attorney to fight for you.
Tax liens and levies are a staple of the Internal Revenue Service’s tax debt collection machinery. When taxpayers fail to pay their taxes, the IRS can seize their assets and properties. This process is known as a tax lien, and it can affect your financial health. You have 30 days to request a hearing and appeal the levie, but if you don’t, the IRS will proceed to levy your assets and sell them.
When the IRS levys your bank account or other assets, they can take your wages, real estate, or retirement funds. The government can also seize your personal property. If you have unpaid taxes, the IRS can seize your bank account or your passport. Contact an IRS Tax Levy Attorney as soon as possible. You might be surprised at how much you could save by hiring a tax lawyer!
Tax attorneys can help you make an Offer in Compromise, a type of settlement with the IRS that allows you to pay a smaller amount of the original debt, while still guaranteeing the agency that you’ll pay your tax obligation faithfully. Currently Non-Collectible status (ONC) is another way to avoid the IRS Tax Levy if you can prove you’re facing an extreme economic hardship. An OIC is an offer to settle your entire debt for less than the full amount owed.