Top Things To Know About Tax Resolution
- May 17, 2019
- Posted by: asal
- Category: Tax Resolution
Let’s face it; no one ever wants to deal with the IRS. Because the tax code is so confusing, most taxpayers are lost when trying to determine which tax resolution option is best. Tax resolution experts, like us here at Platinum Tax Defenders, are very familiar with the ever-changing tax code. When attempting to strike a tax relief deal with the IRS, work with a tax resolution specialist. A tax relief expert can get you the right relief you need to settle your tax debt or back taxes.
However, even if you’re working with a tax resolution professional, it’s good to know about tax relief. Here’s a list of top things you should know about tax resolution when dealing with the IRS.
If A Tax Resolution Expert Files An Offer In Compromise For You, The IRS Is More Likely To Accept It
An Offer in Compromise is an agreement between you and the IRS. If you receive approval, you can settle your tax debt for less than what you owe. Submitting an Offer in Compromise is a very complicated process. There are many guidelines that you need to follow when applying to be successful. An enrolled agent, CPA, or tax attorney with adequate experience in the process knows what the IRS is looking for. It’s imperative that you get professional help when applying for this form of tax resolution. The experts at Platinum Tax Defenders have years of experience successfully settling clients’ debts for less than they owe. Platinum Tax Defenders recently successfully lowered a client’s debt from over $140,000 to $100. If you owe the IRS more than $10,000 call a tax resolution expert today.
In Criminal Investigations, The IRS Has A High Conviction Rate
If you find yourself in the middle of a criminal investigation, call a tax resolution expert immediately. In criminal cases involving tax debt, the IRS has a high success rate. If you face civil or criminal tax charges from the IRS, there’s a high chance you’ll get a conviction. Getting professional tax resolution help, in this case, is crucial. Platinum Tax Defenders works with tax attorneys and x-IRS tax attorneys with years of experience in tax resolution. If you’re in trouble with the IRS, don’t fight them alone. Hire a tax relief expert to get you out of trouble. It’s also beneficial to hire a tax attorney in this case because they cannot testify against you in court. In contrast, if you’re working with a CPA, they can testify against you in court. Also, a tax attorney can represent you against the IRS in a court of law.
The IRS Wants To Settle Your Tax Resolution Case
Before your tax relief case goes to trial, it’s in the best interest of the IRS to settle. The IRS does not want to waste its time and resources in court over your tax resolution case. If the IRS has the options to resolve your tax relief case before it goes to court, they will. Tax relief professionals understand that about the IRS and have the experience to settle tax debt issues on your behalf. When you involve a tax attorney in your case, the IRS will know you’re serious about a tax resolution. If they know you’re serious about tax resolution, they’re more likely to take your case more seriously. Platinum Tax Defenders have years of experience in successfully negotiation tax resolution settlements with the IRS on behalf of taxpayers.
The IRS Will Seize Your Assets
As soon as the IRS starts notifying you of its intention to collect your tax debts, respond right away. If you aren’t sure how to handle communicating with the IRS, call a tax resolution expert. Quickly responding to the IRS will show them that you’re serious about paying your tax debt. If they don’t hear from you, they’ll have no choice but to start collecting money from you however they can. One way the IRS can collect on its tax debts is to place a tax lien on your assets. Once they set a tax lien on your assets, they can take control of your property, business, or vehicle. A tax resolution expert can work with you to lift a tax lien. However, it would help if you started working with a tax relief expert before the IRS takes a claim out on your assets.
There Is No Limit On How Much Of Your Paycheck The IRS Can Garnish
Another tax collection method that the IRS utilizes is wage garnishment. With a wage garnishment, the IRS orders your employer to send them a portion of your paycheck every month. The proportion of your paycheck that the IRS collects is to satisfy your tax debt. It’s important to know that there is no limit to how much of your paycheck the IRS can garnish. If you want to keep your money in your bank account, call a tax resolution expert. Top tax experts Platinum Tax Defenders can help in putting an end to wage garnishments. However, it can be tough to get your money back from the IRS once it’s in their hands. The longer you wait, the more complicated your tax resolution process will be. Call a tax resolution expert today and get out of tax debt.
Filing For Bankruptcy Will Not Solve Your Tax Problems
Some may think that merely filing for bankruptcy will get them out of tax debt. However, that’s not always the case. Even by filing for bankruptcy, your tax debt may not go away. Therefore, you should not look at bankruptcy as your tax resolution option. It’s a good idea to seek out legal advice from a tax attorney before you file for bankruptcy.
Get Help With Tax Resolution
If you think it might be time to consult a tax resolution expert, call Platinum Tax Defenders today. Platinum Tax Defenders have years of experience getting and keeping their clients out of trouble as a result of taxes. The expert tax relief team includes tax attorneys and x-IRS attorneys who are familiar with tax law and the IRS. Before the IRS knocks on your door, make sure your record is clean. Tax relief experts can provide you with the help you need before it’s too late. Call Platinum Tax Defenders for a free consultation today.