IRS Lawyer Can Advise You on Your IRS Levy
The IRS has a levy procedure that is used to collect back taxes from taxpayers. The IRS will issue a levy to a taxpayer if the taxpayer fails to pay his or her taxes on time. The levy amount will be a lien against the assets of the individual, and can remain in place until the amount is paid in full. If you have questions about your tax liability and want to know what your options are, you may wish to consult with an experienced Fort Collins IRS lawyer.
Taxes are complex and the IRS can take years to resolve. If you are facing tax liability, you may not have enough time to contact a tax attorney. There are some very specific and complex tax laws that must be followed by individuals. Not only do you need to understand the laws but you also need to have a qualified attorney to help you. A qualified Fort Collins IRS lawyer can assist you in many different ways including helping you prepare and answer for your taxes.
The IRS can issue a levy after investigating your tax situation. The investigating officer is called an assessor and they determine what the amount of back taxes is that you owe. The IRS can issue a notice of levy at any time and you must be aware of your options at this point. In some cases the IRS can negotiate the amount that you owe. In other situations the IRS will have to issue an actual levy, which can be a very large and stressful ordeal.
Many people believe that they can handle their own taxes, but this is far from true. It is very important that an individual who is involved with a levy understand his or her options and retain a qualified Fort Collins IRS lawyer. You can attempt to resolve your tax liability by yourself, but the IRS may not accept your argument. The best way to avoid a levy is to seek legal help. Even if you just owe back taxes and don’t think you’ll ever be able to pay them, seeking legal counsel is always advisable. With the help of a professional Fort Collins IRS lawyer you’ll be able to obtain the most favorable outcome in terms of your tax bill.
When you are involved in a levy it is important that you retain a Fort Collins IRS lawyer to represent you in court and to advise you on how to handle the IRS. Hiring an experienced tax resolution specialist is the best way to protect yourself from wage garnishment, bank levies and the other consequences that result from being placed in default of your federal income tax liabilities. When you owe past due taxes, an IRS debt resolution professional can help you negotiate payment arrangements with the IRS. If you need to, the IRS will work out an agreement where you pay a percentage of your back taxes owed.
You may be able to negotiate an agreement without the help of an attorney, but an experienced Fort Collins IRS lawyer can help you in this situation. An experienced tax liability attorney will fight for your rights and try to get you the best possible outcome for your tax liability. In the end you’ll thank your attorney for his services when you receive your IRS levy notice. The services of an attorney are essential if you want to avoid future problems with the IRS.