Monday, June 1, 2015

Delinquent Tax Returns? Here’s What to Do

Filing your tax returns is a business that you should take seriously. If you have an unfiled tax return or worse, many years’ worth of late tax returns, you should get them filed immediately. Failing to do so can put you in trouble with the IRS, and you’ll have to face dire penalties such as levies, liens, or wage garnishment—none of which you would want to go through.
If the IRS has already imposed such a penalty on you, it’s important for you to know that there is a solution to your problem, and that you need to seek out the best tax relief option for your situation.

Get help to save time and money

Yes, having a tax lawyer represent you means that you’ll have to spend money, but the amount that a tax lawyer can help you save will be well worth it. A good tax lawyer on your side can ensure that you don’t pay a single penny more than you have to.

Make the IRS an offer they can’t refuse

Part of a tax lawyer’s responsibility is to help you negotiate with the IRS. He can help you qualify for an offer in compromise tax settlement, which can save you thousands of dollars in penalties, interest, and back taxes. Likewise, he can help you negotiate an affordable monthly payment plan if that will be the more reasonable option.

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