Obtain Assistance From IRS Tax Lawyers

It is not surprising that many people today fall behind their tax duties and other financial obligations. The global economic downfall has certainly impacted the lives of many Americans today. Thousands have lost good credit scores, face foreclosures, and have tax debt. If such is the case, the IRS will exhaust all means to collect the money you owe from the government. You will need assistance from IRS tax lawyers.

The common situations of tax payers

I have a business and I haven't paid my taxes. Will the IRS shut me down?

If you run a business and fall behind tax payments, the IRS can and will shut your business down. The agency will stop at nothing to collect funds that are due them. If you are a sole proprietor, they can place a bank levy on your personal account since you and your business are deemed as one entity.

It is advisable that people contact IRS tax lawyers early on to avoid this type of scenario. Highly skilled lawyers with years of experience and expertise can devise a plan and negotiate with the agency so you can work out a payment plan. A lawyer has a wealth of knowledge and can lead you to steps to minimize damage.

A revenue officer showed up at my door. Is it too late to call a lawyer?

Now is the best time to contact IRS tax lawyers. Once a revenue officer from the agency has tracked you down, they stop at no costs until you settle your debt. Hiding from them or ignoring them will only alleviate the problem. Your account becomes more delinquent, and the next step of the government is to issue a bank levy.

What is a bank levy?

You will probably receive a notice of levy when the government has exhausted all means to contact you and collect the money you owe from them. Upon receiving this notice, you only have 21 days to stop the levy from taking all the funds in your account. A bank levy, according to IRS tax lawyers, freezes your accounts and takes the funds in them. If the amount debited from your account does not suffice as payment for what you owe, the government will keep on collecting money from that account until such time you have paid the debt in full.

These are just some of the cases that warrant the service of a tax attorney. Los Angeles has a number of qualified lawyers that can help individuals or companies with tax debts. Employing the services of a lawyer, though it may be an additional expense, will prove to be a better decision. They can provide different services from mediating disputes to helping people reduce the amount they owe or working out a payment plan. You can also seek help from these professionals when you have a tax dispute.

Likewise, seeking professional help way before the situation gets out of hand is wise. Do not wait for the situation to worsen before obtaining assistance.

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