It takes skill and finesses to resolve a tax issue to your satisfaction. You don’t have to fight the IRS on your own. Instead, hire someone who has experience, knowledge, and confidence in handling tax disputes. These five benefits are important to consider when hiring a tax lawyer: Protect your money, settle any owed taxes, and get paid.
Information about the Tax Code
Tax codes at both the federal and state levels are constantly changing. You don’t want to risk your case by relying on outdated information or misunderstandings of current tax laws. You can benefit from the knowledge and experience of a tax lawyer when you engage one.
Protection against Intimidation and Abuse
When dealing with taxpayers every day, most IRS agents are professional and polite. They won’t use threats or lie to get you to make payments.
You don’t want to be confronted by a rogue agent, who may not be above intimidation and abuse when meeting with you. You are protected against such threats if you have a tax lawyer on your side. Your lawyer will be your representative at meetings and protect your rights throughout the course of your tax case.
Your tax lawyer can also help you file any return you have to send to the IRS. Your lawyer can assist you in filing an amended return if you have to modify any information from this year’s tax return.
Your attorney can file late returns and returns from this calendar year. You can ask your attorney to complete the paperwork and request an extension from the IRS if you require an extension for filing.
Your counsel can help you submit your returns on time. Your 1099s, 1098s, and W-2s can be sent to your counsel.
It can be daunting to speak with the IRS via telephone or letter. It is possible to be unsure of how to answer your questions or what information you should give the agent handling your case.
You don’t have to incriminate or give false information. Your tax lawyer can help you talk with the IRS. Your lawyer can act on your behalf, answering phone calls, writing letters, or handling other communications. Your lawyer will be able to tell you what information to provide and make sure that the information is accurate and factual.
Protection of Assets and Payments
Your tax attorney will advise you on the best ways to protect your assets and income. The IRS can place a lien on your assets and garnish your income in order to settle your debt. A tax lawyer can help you protect your finances by:
- Setting up an installment agreement for the IRS
- To settle your debt, you can file for an Offer In Compromise (or OIC).
- Request that your debt be placed into the Currently Not Collectible (or CNC) status
- You can arrange to pay your debt with a credit card or ACH withdrawal, money order, and other payment methods
These settlement and payment options can help protect your income and keep your assets safe from being garnished. These actions can result in the release of collection efforts if your wages have been garnished or assets have had liens placed.
The IRS can pursue any debt you owe to the government. These five benefits of hiring a Polston Tax attorney today will help you act in your best interest and keep the IRS on your side.