Federal Tax Relief
- Author Catey Hamilton
- Published April 23, 2010
- Word count 618
Federal Tax Relief
Federal income tax relief is available to anyone who has an outstanding tax debt. Not everyone knows how to go about finding help. They think they are stuck and have no options. This is not true, you do have options. The IRS depends on the fact that most taxpayers will not seek legal counsel in these situations, but it is to your advantage in doing so. The IRS has severe penalties and fines for those who fail to pay back taxes, this can happen to anyone, no matter if you wealthy or a middle-class citizen. If you need Federal IRS tax relief, then you must seek help now before the IRS files a Notice Of Intent.
We all know the IRS is not playing games, and a Notice of Intent is just one tool designed to get the attention of the taxpayer. They can seize your income, retirement account, home, property, jewelry, automobiles, boat, stocks, property and anything else you may have of value. If the IRS is intending to file a lien against your property, they must first file a record with the county recorder where the property is located. This is just the first of many other steps the IRS will go through, if you do not seek to reduce tax debt, an income tax settlement or IRS tax debt help.
Once you get the Notice of Intent, which comes via certified mail, then it becomes a situation in which time is of the essence. You have ten days to file a response and up to thirty days before any formal collection action begins. It is during this time that you are advised to seek a consultation with a tax attorney, you need Federal tax relief.
The IRS has a series of strict guidelines and protocol which designates how much of your income can be garnished for tax debt. Your income being seized is a serious matter and not to mention the embarrassment and stigma that follows you. Your employer will also know you are having financial trouble, which is another reason why you need to seek tax relief as quickly as possible. You cannot be fired for having your wages garnished, but it can be degrading to have your boss know you are having financial problems. With out help, anything can happen.
Federal tax relief takes many forms, and what is available to you would be determined by how much money you owe the IRS. Certain amounts of money will predispose your eligibility to certain payment options. This is yet another reason why it is so important to know your rights and explore every possible avenue for paying tax debt.
There are Federal tax relief laws in effect that protect you from being left homeless and destitute. But, how is the government to know how dire your situation is? Your tax attorney will determine your income-to-debt ratio and review the plans you qualify for. After which time you will sit down together and review the information available to you, then you will choose which option suits you the best. It really is as simple as that, and you do not have to fear having tax debt. You can work something out with the help of our tax attorney's.
Ultimately, the IRS has more power and resources available to them. It takes more than just a bit of knowledge and slick tactics to negotiate with them. This is a service that our tax attorney's are very well versed and skilled at. We will gladly take on the IRS, protect your interests and provide you with a win-win situation in which you can find your way out of of debt through Federal tax relief.
For more information on IRS Tax Attorney , please click here.
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