Looking For A Baldwin Park Tax Attorney?
Do you owe tax debt to the IRS from years of unpaid back taxes? Do you live in the Baldwin Park area? The instinct of many taxpayers is to find a Baldwin Park tax attorney online and use their services to solve their tax problem. If this describes you, our tax professionals want you to know that there are other options for you that could better suit your needs. When you choose a professional tax company that is staffed with IRS Tax Practitioners, which must include attorneys, Enrolled Agents or CPAs, you can get quality service that may be more affordable than those provided by Baldwin Park tax lawyers.
Tax debt can be a burden to anyone having missed payments or filing deadlines. The IRS will issue fees and penalties to taxpayers, which can cause a significant debt to grow. With the help of a tax professional, IRS debt problems like these can be solved with reduced stress and convenience. One of the most important factors in debt relief is time. If a taxpayer acts quickly, they can avoid increased balances and collection efforts. To make sure any debt resolution efforts are properly handled, a tax professional Park can be of great assistance. When you call our professional tax company, even though we are not headquartered in Baldwin Park, we can give you fast resolutions like we’ve done for taxpayers all across the country. Hiring a Baldwin Park tax attorney can be an important part of IRS negotiations, but in your case, our tax professionals may be able to provide you with more resources.
Tax debt growth due to IRS penalties such as fees and interest can increase a liability up to 25%. The IRS will charge these fees for late payments or missed filing deadlines. The amount of monthly increase depends on the cause of the fees. A tax debt increase does not have to continue, and a tax professional can work to achieve penalty abatement or discuss debt settlement options with a client. Tax relief programs are available to any taxpayer willing to commit to a payment plan and future tax compliance. For individuals looking to settle at a decreased total balance, tax professionals can investigate whether an Offer-In-Compromise is possible.
In this option, the IRS will review an offer for a lump sum payment of a percentage of the full debt. If they accept the payment, the taxpayer will be free of liability. Another program to consider is one of the Installment Agreements offered by the IRS. These settlement opportunities require that the taxpayer make monthly payments in a predetermined amount until the full balance is satisfied. To make the process easier, our tax professionals will make recommendations quickly and it may be more affordable for you than the services offered by Baldwin Park tax attorneys. It’s up to you to decide for yourself what serves your needs better. When it comes to tax debt resolution programs, our tax professionals and a Baldwin Park tax lawyer will have be able to set you up with options under the same IRS guidelines.
Failure to pay tax debt can lead to collection actions by the IRS. A taxpayer facing collection can expect to see notices of intent to lien and notice of intent to levy. At each phase of collection, the individual can pay their debt to stop the collection efforts. A tax professional recommends making payment arrangements before the lien phase. A tax lien puts a hold on the taxpayer’s assets. Liens placed will damage an individual’s credit rating and stay in their credit report for seven years. If nothing is done about the debt at this point, the IRS can levy assets to the point of seizure or wage garnishment. Assistance from a tax professional can still stop these actions, but it is important to work quickly.
One important factor to consider is whether or not your case requires the help of an attorney. Not all cases do and our tax professionals can assist you in determining that need. Only an attorney can advise you on your legal rights. We are not Baldwin Park tax lawyers or a law firm, but we do have a talented team of Tax Professionals, Enrolled Agents and CPAs that can help you explore your options for IRS debt settlement.
Any tax debt can seriously impact a taxpayer’s life. If you are in debt to the IRS and need assistance, tax professionals are available to find debt relief solutions. Tax experts encourage you not to hesitate, as the longer tax debt goes unresolved, the worse the situation can be for a taxpayer. Call a tax debt expert today for a free consultation to see how you can become free of debt!