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Tax problems can be scary. That’s why we want to help you understand what they are and how we can help. The most common tax issues include:
Tax liens are public records that the IRS places on your property to secure payment of a delinquent tax bill. A levy occurs when the IRS attempts to seize your wages and bank accounts. The IRS can seize any property or money you have in order to pay for an overdue tax debt.
In some cases, the IRS may be trying to collect taxes from a former spouse and the other ex-spouse is being contacted. The Innocent Spouse Rule provision of the Internal Revenue Code provides some protection. If you and your spouse jointly filed your taxes, the IRS could hold both of you accountable for the back taxes. This is true even if your spouse earned the majority of the income and filed the taxes. However, the IRS has been known to forgive back taxes for innocent spouses in certain circumstances.
The IRS can seize property or money you have in order to pay for an overdue tax debt. Collection activities include levies, garnishments, and bank account seizures. Tax Liens and Levies are public records that the IRS places on your property to secure payment of a delinquent tax bill. A lien will hinder the sale or refinance of your home.
While the IRS may not audit every taxpayer, they do conduct audits on a fairly regular basis. An audit is when an IRS agent reviews your tax return and possibly other financial records to ensure you have reported everything correctly.
It’s important to note that this doesn’t necessarily mean that you did anything wrong; it simply means that something about your return caught their attention and triggered an investigation.
Many times, if handled correctly, an IRS Audit can clarify an error or misinterpretation of a tax return which could have cost the taxpayer.
An OIC (sometimes referred to as the “Fresh Start Program“) is an agreement between the taxpayer and the IRS to settle a tax liability for less than the full amount owed. The IRS reviews all OIC submissions on a case-by-case basis and will not consider all types of cases for an OIC. If the IRS accepts your offer, you will be required to make monthly payments until the agreed amount is paid in full.
When it comes to tax court cases, you will need experienced representation. Many individuals who attempt to handle their own cases find that they may have made mistakes in their filings that could have been avoided with professional help.
If you are facing a tax issue and are unsure of how best to proceed, contact our offices at 404-937-1414 for more information on how we can help you resolve your tax problems.
We offer a free phone consultation and we can help you determine the best course of action.
We are a local firm that has been helping individuals and businesses in the Atlanta area with their tax issues for more than three decades. Read about our tax client successes. As the most reviewed tax attorney in Atlanta, our record shows that we understand the importance of being able to resolve your case efficiently and effectively, so that you can move on with your life.