Paying your taxes can sometimes be a complicated and overwhelming process. Did you know that the IRS sends out over 8 billion pages in forms and instructions every single year? Or that even the easiest form, the 1040EZ, has a staggering thirty three pages of instructions? The process only more overwhelming, complex, and stressful if you owe back taxes or are facing Irs problems. Therefore, if you are are facing IRS tax problems it is essential that you seek professional help.
If you owe back taxes to IRS and need help with Irs tax problems are several things that you want to consider. First of all, if you need help with IRS problems you will want to seek advice from a professional, such as a lawyer. Keep in mind the consequence for failure to pay taxes can be very serious. For example, the IRS could order a tax levy. A tax levy, under United States Federal law, is an administrative action by the Internal Revenue Service (IRS) under statutory authority, without going to court, to seize property to satisfy a tax liability. Using the powers granted to the IRS in the Internal Revenue Code, the IRS can levy upon wages, bank accounts, social security payments, accounts receivables, insurance proceeds, real property, and, in some cases, even a personal residence. Other consequences include wash garnishment or a lien. If you are facing problems with IRS, a professional can provide you with detailed investigation of your current tax liabilities and can also help you to determine what steps are necessary to prevent, stop or remove any wage garnishments, levies or liens.
Keep in mind, if you are facing problems with IRS a professional can also help you to broker an installment agreement. If you are facing problems with IRS, an installment agreement is a program that allows a taxpayer to pay off their outstanding tax liabilities. However, if you have problems with IRS and are considering this kind of agreement, it is important to note that there are several different kinds of installment agreements. If you need IRS tax problem help, a professional can help you to determine whether an IA is appropriate for you situation and if so what kind. Overall, if you are facing tax problems or problems with IRS, it can be wise to seek professional help to ensure that your interests are protected.