IRS Tax Debt Relief

Posted on March 22, 2022

IRS Tax Debt Relief

Taxpayers often get into tax debt due to not filing taxes on time. Missing the filing deadline can lead to trouble for taxpayers because the IRS punishes any non-compliance, be it intentional or not, with penalties. In the case of IRS debt, taxpayers must avoid IRS collection actions, such as a tax levy.

Taxes cannot be avoided. Even unpaid tax debt can lead to the seizure and/or the sale of property or assets of taxpayers, if they ignore IRS notices regarding the payment of their tax debt. The IRS has been given the legal right to seize any property and/or assets of taxpayers if they do not pay their taxes. Keep in mind, the IRS does not need a court order to issue a lien or a levy.

Tax debt relief can be achieved through various methods. In simple cases where taxpayers can pay the entire debt amount in a single payment, the help of tax lawyers is not required. In cases of tax debt where negotiation with the IRS is required, taxpayers must hire tax lawyers who will represent their case before the IRS.

Tax resolution companies use the services of tax lawyers, analysts and other tax professionals to help taxpayers with their cases from start to finish. Although most tax resolution companies charge a minimal up-front fee, taxpayers must be careful of those companies that charge a bloated up-front fee. The help of tax experts becomes necessary to achieve a resolution that is in the best interests of taxpayers.

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