One of the good things about having an IRS tax lawyer is that you have
someone who can guide you on the nuances of a tax case. They are also the best
resource when it comes to knowing what your options are.
Payment Agreements
With the help of a tax lawyer, you would be able to choose from a number
of different ways on how you can settle your back taxes. Some of the options
you should consider would include installment agreement and partial installment
agreement. The former is typically recommended for those who have been victims
of fraudulent investment schemes. On the other hand, those who are on limited income
might go with the second option, which allows them to pay the back taxes over a
period of time.
Lowering Debt With Settlement
Settling your credit card debt is one way of lowering the back taxes
that you have to pay. You just need to make sure that you have a written
agreement of how the payment would be made and what the other terms are.
In the same manner, you can also file for
bankruptcy in order to get a tax debt relief. This option, however, should only
be considered after you have discussed this with your lawyer as you have to
meet first certain requirements.
Filing Tax Returns
When it comes to filing taxes, you need to be familiar with the
different tax forms. Now, one thing that you need to know about tax returns is
that, not filing one can be a problem but not paying one right now is a
situation that you can do something about.
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