Delinquent Taxes - Get Help From An Experienced Tax Attorney
Taxes get the distinction of being called delinquent by the IRS under a specific set of circumstances. Once the due date of an tax liability assessment has passed or the time allowed for tax appeals has expired. Once this designation has been assigned to the back taxes the amount of delinquent taxes will be targeted by the IRS for collection procedures.How to avoid collection actions on delinquent taxes
The obvious way is of course to pay the amount owed, however in most cases if a taxpayer could pay the amount owed the taxes would not end up as delinquent to begin with/ However it is important to act fast, even if you cannot pay the entire amount as there are options to help prevent drastic collections procedures from the IRS.
If possible pay with a credit card.
It is not a very appealing thought to pay a tax debt with a high-interest credit card but remember, the IRS has collections powers far beyond any credit card company, and they can use their authority to levy your bank account or even your wages – a credit card company would not be able to pursue the debt to that level.
Contact a qualified Tax Attorney and they can help negotiate an installment agreement.
This is away of paying the IRS debt in smaller monthly payments and preventing the IRS from taking more drastic measures. Again retain a skilled tax lawyer for help with negotiating an offer in compromise. Even if your petition to get a successful OIC fails the IRS will halt any collection actions already in progress during the negotiations, and the time may allow you to come up with another solution.
Set Up A Wage Assignment
If you are an individual who will have trouble making the monthly installment agreement payments due to a lack of discipline, signing up for a wage assignment may be the best way to stay out of further trouble. A wage assignment is similar to a wage garnishment except it is voluntary – and as a consequence may be a much easier payment to deal with. The IRS can take a large percentage of an individual’s paycheck even if they have dependants, so it will be better to sign up for a manageable payment strategy than let the problem continue.
Ofcourse paying ther IRS your hard earned money is never going to be enjoyable, but there are ways to make it managable. Contact a local Tax Attorney Florida to find out your options.
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posted by Mary E. King on Wed., Dec 21st, 2011 in Florida IRS Tax Attorney Florida Tax Attorney Tax Debt Tax Problems Tax Solutions |
