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For many taxpayers, the IRS (Internal Revenue Service) is an intimidating agency. Taxpayers can face penalties and other consequences for late payments and unfiled tax returns, which can be incredibly stressful. More serious penalties are used when people or businesses commit tax fraud or tax evasion. If you have tax debt, are expecting an audit, or are facing IRS tactics for payment recovery, you need to work with a qualified Ponte Vedra IRS tactics attorney.
Understanding the different tactics the IRS uses to recover the taxes they are owed is useful to understanding the impact this agency can have on your life. Although it may be tempting to ignore back taxes because dealing with the agency is stressful, this has significant consequences. The IRS can impact your access to bank accounts, take from your income, and affect your properties. It is important to figure out your options in Ponte Vedra, FL, for back tax repayment before these extreme measures are taken.
At Tax Smith Tax Attorneys, we have worked for collective decades in tax law and with the IRS. We focus only on tax laws and work hard to help our clients understand the complex and often frustrating legal issues surrounding tax debt, IRS audits, and other important tax matters. We have managed every type of IRS tactic for obtaining late taxes and know effective methods for limiting, settling, or negotiating your tax debt.
Our law firm understands how overwhelming it can be to see your financial accounts or source of income impacted. Our team helps guide you through these issues, navigate audits, and find creative solutions to tax problems.
The IRS has many options for securing late payments and back taxes from individuals and businesses who miss payments or fail to pay taxes. Audits and other investigatory tools are used to discover and punish tax evasion or tax fraud. All the IRS’s tools exist to protect their bottom line and ensure that they are paid the taxes they are owed.
For most taxpayers, the IRS will first provide notices and other forms of contact regarding late payments. If a taxpayer does not respond, makes no attempt to remedy the amount, or does not attempt to negotiate alternate payments, the IRS may take several actions, including:
A: An IRS audit may occur randomly or because of a mistake or discrepancy on your tax documents. Whatever the cause of the audit, you can benefit from having an attorney by your side throughout the process. An attorney can help protect your rights and look out for your interests. Even if there is no wrongdoing that causes the audit, the IRS agent is still prioritizing the interests of the agency. An attorney can also help negotiate if evidence of discrepancies is found.
A: An attorney can help people prepare for meetings and audits with the IRS, protecting their rights during the process. If a person or business has a significant tax debt, a tax lawyer can determine the options available to their client to limit or eliminate the debt by erasing penalties, negotiating a payment plan, or creating an offer in compromise. If a person or business has a tax law dispute, an attorney can help them determine how to effectively handle it while protecting their assets.
A: Yes, individuals have won legal claims against the IRS. However, there are very specific circumstances in which you can file against the IRS, such as if the IRS has miscalculated your tax payments or has violated your rights. This may include the right to appeal or the right to privacy. If you believe you have a case against the IRS, it is important that you talk with an experienced tax attorney. They can review your situation to determine if you have a viable case. A lawyer can also represent your interests in court.
A: Yes, you can authorize another person to represent your interests with the IRS for federal tax issues. This is providing that person with the power of attorney. This person may be a tax lawyer, a family member, a friend, an accountant, or another professional. An authorized power of attorney is allowed to represent you, advocate for you, and negotiate on your behalf. There are also other types of third-party authorizations that the IRS allows, such as tax information authorization, third-party designee, and oral disclosure.
At Tax Smith Tax Attorneys, we want to help you find the optimal solution for your tax problems. Whether you are facing an IRS audit or IRS tactics for securing back taxes, contact our team to see how we can help.
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