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The IRS is an intimidating part of the federal government. Many people are concerned with being audited or penalized for doing their taxes incorrectly. Others face consequences because they’re behind on their taxes and owe money to the IRS.
No matter what your situation may be, it’s important to know the tactics that the IRS uses to ensure that your debts are paid. Familiarizing yourself with the organization’s methods can help you to protect yourself if they use one on you.
You do not have to navigate these situations by yourself. In fact, it’s important that you do not. Legal help can protect you from being victimized by the IRS, while also properly filing and paying your taxes. With the help of a licensed attorney, you can maneuver common IRS tactics, and navigate the tax world with ease and confidence.
When it comes to maneuvering IRS tactics, no firm is more qualified than our team at Tax Smith Tax Attorneys. We have been in this industry for many years, and we understand the unique challenges that individuals and companies face when dealing with the IRS. We’ve seen every type of IRS tactic, and we can help you navigate your unique scenario with ease.
By preparing our clients for different IRS tactics, we believe that we can empower you to identify problems before they grow out of control. When you are able to identify an issue, we can help you to solve it quickly and efficiently. When we collaborate, your tax issues are easily solved.
The IRS has many policies and procedures that help to protect the bottom line and collect on taxes owed. These tactics generally have a significant effect on those who owe back taxes or those who have not filed their taxes.
The tactics vary based on each situation and its unique factors. No matter your circumstances, it’s beneficial to understand what these tactics mean.
A tax lien is one way that the IRS takes collateral on unpaid taxes. These liens give them a claim to a person’s home or property if that person ignores the IRS’s payment demands. This is similar to how a bank may seize your home if you fail to pay your mortgage. The land and home act as a guarantee to the IRS that one way or another they will receive what is owed to them.
It’s important to note that the IRS only acts upon tax liens if a person fails to pay or engage with the IRS entirely. This often happens to individuals or families who ignore the IRS’s letters and hope the problem will go away. The IRS will not seize your home if you set up a payment plan or properly arrange a tax settlement. As long as progress is being made towards repayment, your home should remain in your possession.
Wage garnishment is another method that the IRS can use, otherwise known as a wage levy. In these scenarios, the IRS takes all or part of your paycheck to pay back the money you owe in taxes. This way, the money goes straight from your employer to the IRS, and you don’t have the opportunity to spend it elsewhere.
Just as with tax liens, wage garnishment only occurs if you ignore the IRS’s attempts to contact you. These attempts will occur via the mail, and will often request a response. If they don’t hear from you after several attempts, they may turn to wage garnishment to make up the money that you owe.
If the IRS turns to wage garnishment, it shouldn’t be a surprise to you. They offer many different notifications to declare their intent, giving you the opportunity to contact them. You may be able to set up a payment plan, which will keep them from garnishing your wages further.
Wage garnishment can be extremely dangerous for your family. If the IRS takes a portion of your income, it can jeopardize your ability to provide for your family.
Penalties are sums of money or fines that the IRS charges for a myriad of reasons. There are a series of different penalties that may occur. They include:
It’s important to note that there may be penalties or fines for making a payment plan. When you pay past the due date, the IRS has the right to charge you for being late. It’s also essential to remember that not all penalties are listed here.
These situations are intimidating, to say the least. Your property, your income, and your assets are all on the line when you fail to properly pay your taxes. With the help of an attorney, you can make sure that your taxes are done correctly and submitted on time. We can help you determine how to pay, and if a payment plan might be right for you. We’ll make sure that all deductions are properly made so that you keep more of your hard-earned money in your pocket.
Without an attorney, it’s easy to be pushed around by the IRS tactics. With our help, you can navigate these IRS tactics with confidence.
When it comes to IRS tactics, no one has more experience and inside information than we do. Because we’ve worked in this industry for many years, we understand how to navigate the IRS’s many intimidation tactics. We are confident in our knowledge of the tax system, and pride ourselves on giving our clients the very best legal advice surrounding their taxes.
For more information on IRS tactics and how we can help you, please contact our offices online today.
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