You can be shocked when you are served with a tax lien or a notice of levy. How do you erase that debt and get your finances back on track if you owe back taxes? Tax debt is an unexpected burden. The IRS and state revenue departments will not relent on a tax debt owed to them, and taxpayers need to resolve this problem as soon as possible.
When dealing with tax debt or back taxes, you should not try to handle the matter on your own. Hiring a tax relief attorney is the best and surest way to resolve any IRS tax debt or back tax issues you may have. This article will highlight factors to consider when finding the right attorney with tax case specialization.
What Are The Consequences of Having Back Or IRS Tax Debt?
The IRS can impose a federal tax lien against you when you owe back taxes. A federal tax lien is a lawful claim against your property, such as real estate or personal property like your car or boat.
If you fail to pay your federal dues and the IRS sends you a bill, they may place a lien on your holdings if you do not pay within ten days of receiving notice. If this happens, the IRS will mail a Final Notice of Intent to Levy and a Notice of Your Right to A Hearing (CP-501).
If this notice is ignored and no response is given within 30 days, the IRS will issue a Notice of Levy (CP-2000), which instructs the IRS to begin collecting from all available sources to satisfy your debt.
What Factors To Consider When Finding A Lawyer Specializing In IRS Tax Cases?
Choosing the right tax relief attorney is a big decision. You must get someone to help you with your specific situation. Consider the following when shortlisting the attorney:
- Experience: Some tax attorneys specialize in helping people with their taxes, while others provide general legal services. Make sure your attorney can help you with the type of problem you’re facing. If they don’t have experience in your specific area, consider looking for an attorney who does.
- Referrals From Friends And Family: Ask for recommendations from people who have dealt with a tax lawyer before and see what they say about them. You might find out that they’ve helped many people in similar situations or even worked on cases similar to yours.
- Costs And Fees: Every attorney charges different fees for their services, so it’s important to know what fees you’ll be paying before hiring one. Some lawyers charge hourly rates based on how much time they spend working on your case, while others charge flat fees upfront at the beginning of the case.
Final Thoughts:
Choosing the right tax relief attorney is important regarding IRS tax debt and back tax cases. Tax attorneys can help relieve stress, fear, and financial debt. The best tax attorneys offer free consultations and help you find a solution that works for your case.
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