Once you bought out of bed this morning, you probably were not expecting to be looking for a tax reduction attorney. The commonest reason one might seek a tax aid lawyer is receiving a letter from the IRS for back taxes dues or getting an audit. The audit could be a result of one or a number of of your previous tax returns. In either situation, it’s best to seek the providers of a reputable IRS tax aid attorney.
Communications with the IRS
A tax aid legal professional communicates with the IRS in your behalf. They might help you by being present during your audit and help negotiate settlements if necessary. In case you are a taxpayer who has ignored notices and letters from the IRS, they may threaten you with criminal costs as much as and together with tax evasion. Once you know you are the target of an IRS investigation, you have to hire or seek the advice of with a tax professional or lawyer.
Your lawyer will reassure the IRS that the investigation is being taken seriously. They will even work alongsideside the IRS to make positive your audit goes smoothly and help you reduce your back taxes and settle for an affordable number.
Offer in Compromise Agreement
A proposal in compromise (OIC) is a type of agreement made between the IRS and the taxpayer to settle the tax liabilities for less than the quantity owed. To qualify for the OIC, you and your legal professional might want to prove to the IRS that:
You are not able to pay the complete quantity they ask for – either by a lump sum or payment arrangement over time.
There’s doubt concerning the total quantity of tax liability.
Resulting from distinctive circumstances, the payment in full would cause economic hardship, be unfair, or inequitable.
To qualify for the OIC, you and your tax reduction attorney will need to apply and pay the application charge if it applies to your circumstances.
Tax Evasion and Fraud
Tax evasion and tax fraud are both criminal offenses that the IRS charges when citizens refuse to file tax returns, pay taxes, or fail to reveal all revenue sources. The charges come with fines, interest on the taxes owed, prosecution fees, and even incarceration. If you discover that IRS agents have been despatched to your home or office, the time has come so that you can hire an IRS tax attorney.
You should by no means try to deal with these types of fees or investigations on your own. Without realizing it, you might further incriminate yourself by speaking to IRS officers alone, so it is always advocate to have a tax lawyer current when speaking to the IRS. IRS tax relief attorneys understand the laws that pertain to your specific tax case and can argue your case in the way most favorable to your situation and get you one of the best outcome. So, in case you have been lately audited by the IRS or owe loads of back taxes that you may’t afford to pay, contact a tax relief lawyer today.