Facing an IRS audit? Hiring a tax attorney can alleviate stress, protect your rights, and minimize tax liability. Find out why legal representation is crucial.
Receiving a letter from the IRS stating that your information “does not agree” with their records is a daunting prospect. In short, you’re being audited. Although the IRS audits less than 1% of all tax returns, the following are red flags for an IRS audit and could increase your chances of being scrutinized.
The IRS offers online payment plans to help taxpayers manage their tax debt. By breaking down the amount owed into monthly payments, individuals can avoid the financial strain of a lump sum payment. These plans also help prevent severe consequences like liens or wage garnishment. Applying for a payment plan is straightforward, and taxpayers have the flexibility to choose their monthly payment amount based on their financial situation. However, it’s important to note that for larger amounts of tax debt, approval for a payment plan is at the discretion of the IRS, and seeking legal advice may be beneficial.
the role of a tax attorney in Atlanta extends far beyond basic tax advice. These professionals are essential allies in navigating the intricate landscape of financial and legal challenges, offering expert guidance tailored to the unique needs of individuals and businesses alike.
The notion that the IRS forgives tax debt after 10 years is a common belief that circulates among taxpayers, but is not true.
Receiving IRS tax audit letters can be overwhelming, but this article provides valuable insights on how to respond and navigate the process of a tax audit.
People in financial trouble often file for bankruptcy. Bankruptcy is a legal protection that halts collection efforts on existing debts and can allow debtors to wipe out debts completely or reorganize their finances to pay off those debts, perhaps at a reduced amount. But do these bankruptcy protections apply to tax debts? The answer is, it depends on your circumstances.
You’re in tax debt and an ad from one of the many tax resolution companies catches your eye, promising quick relief. Can you trust them to help you? Find out here.
While the specter of IRS audits might seem intimidating, with the right knowledge and resources, you’re far from being a helpless target. Armed with accurate tax filing and professional assistance, you can face the tax season with certainty and peace of mind.
Taxes can be a complicated and overwhelming subject for many individuals and businesses. With constantly changing laws and regulations, it can be difficult to keep up with the latest requirements and avoid costly mistakes. That’s where the expertise of an Atlanta tax attorney comes in. These professionals specialize in helping clients navigate the complexities of…