Dallas / Texas / United States
Thousands of Americans, just like you, owe back taxes to the IRS. There are many reasons a person can fall behind on their taxes, and luckily, there are many solutions as well. Depending on your particular situation, you may qualify for a penalty abatement, which will lower or remove the penalties and interest accrued on your account. You could also qualify for a payment plan or an installment agreement, which will allow you to make payments over time, instead of having to pay a lump sum. There are other options as well, and by contacting Dallas Tax Attorney Service and getting connected with a tax professional, you are taking the first step to finding out what solution will fit your needs.
If you dont act quickly, the IRS may decide to take further action against you. They will usually start with the penalties and interest and send a few notices. If they do not get a response, they can keep your tax return the following year to satisfy your debt. If that does not work or if you do not qualify for a return, they will take further action. The IRS may decide to place a tax lien against you which will show up on your credit report and hinder you from being able to acquire new credit or refinance your home or car. There are a few ways to remove a tax lien, so if you are in this situation, contact us to discuss your options.
They may decide to garnish your wages through your employer to guarantee their money before you even see it. The IRS will decide the amount of money they think you need to live on, and they will take the rest until the debt is satisfied. This can cause you to fall behind on your other obligations, putting you even further in debt. There are ways to combat this situation, but you will need a tax professional on your side, who knows the laws and the tactics of the IRS.
The IRS may even place a levy against you, which gives them the right to your bank accounts, your retirement accounts, your rental properties, and even your personal property. The IRS may seize any of these items to satisfy your debt, which can cause a lot of headaches, not to mention a financial hardship. Even in this extreme situation, you still have options and if you have just received a final notice of intent, call Dallas Tax Attorney Service before they seize your property. If the IRS has already seized your property or your bank account, and it has put you in a financial hardship, call us immediately to discuss which actions you take to rectify the situation.
If you own a small business, and have any tax issues such as delinquent payroll taxes or if you are having trouble deciphering which tax forms to file and when, we have solutions for you too! All you have to do is contact Dallas Tax Attorney Service and we will connect you with a small business tax professional, who can explain exactly what you need to know.
As you can see, with every type of tax issue, there is a solution that can help get you back on track. The types of tax issues differ for each person, and the problems listed are only a few of the many out there. At Dallas Tax Attorney Service we work hard to find you experienced tax professionals that will get you the solutions you need. Taking the first step is the hardest part, but we make the rest easy for you. Contact us today to find the perfect tax specialist for your needs.
