Answers To Common Tax Questions
What is IRS and State Tax Relief?
Dealing with the IRS can be stressful, expensive, and put a large burden on you and your family. Tax professionals can use legal IRS and state tax programs to help you stop wage garnishments, bank levy’s, and other collection action by the IRS. Working together with the you and the IRS, tax attorneys, CPA’s, Enrolled Agents, and other caring tax specialists will assist you in protecting yourself from the IRS, and resolving your tax problem. Relief from your tax debt will brighten your financial future, and allow you to move forward from under the shadow of your tax debt.
Do I qualify for tax help?
Tax relief is simply the process of helping you to resolve your tax problems. If you owe back taxes, and cannot afford to resolve it by paying your taxes right away in full, then you qualify for tax help. MyTaxHelpAttorney.com works together with tax professionals who can answer your tax questions, and help you navigate your tax problem to an affordable solution.
How long does the tax relief process take?
The process can take anywhere from 30 days to a few months. MyTaxHelpAttorney.com works with knowledgeable tax professionals who will ensure that your case is handled correctly, and present you with the best options for resolving your tax problem. The IRS and the state have to approve all tax relief programs, and they sometimes do not respond right away, this is out of your representations power to speed up. What you can do to make the process go quicker, is respond to all correspondence, and make sure to provide the information and documents when they are requested.
How much can I save on my tax debt?
There is no set amount to how much you can save; every tax problem is different, and comes with its own set of qualifying factors, personal financial obligations, and amount owed. MyTaxHelpAttorney.com works with experienced tax professionals who will help answer your tax questions, and provide to you real solutions to your tax problem. Our tax relief experts will explore all options of resolving your tax problem, and thoroughly qualify you to ensure you receive the best possible outcome for your tax problem.
Will a settlement with the IRS or the state hurt my credit score?
Will a Settlement With The IRS or The State Hurt My Credit Score? Tax relief is not debt settlement, and comes with no penalties to your credit. Resolving your taxes will however help you remove your tax liens from your credit score, which will have a great impact on your FICO, and help you get better rates for home, auto, and credit loans.
How much can the IRS garnish from my wages?
The IS and state will often garnish a large percentage of your income, or even all of your income if they are aware of another person in your household who is earning income. They take will take everything you earn which exceeds your allowable expenses. Your allowable expense are what the IRS sets for your county, and often does not include medical bills, student loans, credit cards and many other items. The IRS and state will continue to garnish your wages until you can set up a payment plan, or show a hardship.
MyTaxHelpAttorney.com works with tax experts who can help you quickly respond to the IRS, and do what is necessary to protect your hard earned income.
Can I settle my tax debt even though I have an IRS tax lien on my credit or property?
Yes, you can settle your tax debt even though you have an IRS tax lien, or a state tax lien on your property. What Collection Methods Can The IRS Use to Legally Collect From Me? The IRS and the state have the legal power to collect taxes. They can enforce the collection of your unpaid taxes with wage garnishments, bank levy’s, property seizure, criminal charges, property liens, credit liens, as well as penalties and interest. It is important not to ignore your tax problem, and to take action as soon as possible. MyTaxHelpAttorney.com’s helpful tax professionals will help you resolve your taxes, and provide you with an affordable and manageable solution to your tax problems.
Do I have any legal rights as a taxpayer which can protect me from the IRS?
The IRS provides a clear set of legal rights and options for taxpayers. It is important to know that there are many programs which will allow you to stop collection action which is being taken against you, as well as guidelines which the IRS and state must follow when attempting to collect on your back taxes.
If I fail to pay my taxes on time, can the IRS or state close my business?
Yes, both the IRS and the state have the legal power to close your business, and revoke your tax identification number if you fail to pay your taxes. Even if your business is not shutdown, penalties of 25% and higher, along with high interest will be added on to your tax debt. If you are facing a payroll, employee, 940/941, sales tax, or other business tax problem, it is important to speak with a tax professional. MyTaxHelpAttorney.com works with business tax specialists who can help you manage and resolve your tax problems in an affordable manner while keeping your business open.
Can I prevent the IRS from auditing me?
No, you cannot stop the IRS or the state from auditing you. The best way to lower your chances of being audited is by properly filing your taxes, and keeping proper records of all deductions, and receipts. The IRS reviews tax returns at random, and will audit any which they want to take a closer look at.
How should I prepare for an IRS tax audit?
When you receive an audit notice, it is best to contact a tax professional as soon as possible. The revenue officer, collections officer, or revenue agent assigned to your audit will be often times be requesting a large amount of forms, documents, financial information, receipts, and other items related to your tax returns. Many times this list can be daunting, confusing, and you may not even have those records from the previous tax years.
MyTaxHelpAttorney.com works together with tax attorneys, CPA’s, Enrolled Agents, and other tax professionals who will help you get through your audit. A tax professional will take care of documents, scheduling hearings and meetings with your revenue officer, and completing forms. Providing the right information in a timely manner will make a difference in how much you if any at the end of the audit.
For more information on the audit process, the benefit of hiring audit representation, and what to expect, click here.
Can I qualify for tax relief if I have un-filed tax returns?
The IRS and the state require you to file tax returns if you collect income. Failure to file your taxes can result in penalties, interest, and other collection action. The IRS and state will not allow you to resolve your taxes without being current on your tax filings.
MyTaxHelpAttorney.com works with tax experts who can help you prepare and file your federal and state tax returns, and assist you with resolving your back tax problems in an affordable manner.
Will the IRS continue to collect from me after I hire representation?
The IRS will continue to collect from you until your taxes are paid in full. They are in fact required to do so by law.
MyTaxHelpAttorney.com’s tax professionals will work with you to protect you from negative collection action, and help you resolve your taxes in an affordable, and timely manner.
Why hire a tax professional?
MyTaxHelpAttorney.com works with experienced tax attorneys, CPA’s, Enrolled Agents, and other tax relief specialist who can help you better understand what your tax problem is, and provide you with affordable solutions. There are many different tax relief programs available, and it can be confusing to figure out what is best on your own. Our tax professionals have years of experience, and a successful and proven track record with resolving tax problems.
Where do I start?
To learn more about your tax relief options, and how it can save you time, energy, money and stress, contact us today for a free, no obligation, and confidential tax case review. You can fill out our simple online form, or contact us direct at 888.601.7080 today.
What to Ask Before Hiring Tax Help
5 Questions You Must Ask
Is the person handling my case a licensed tax professional?
It is important that whomever you hire to represent you is currently licensed and qualified to represent you before the IRS or the state.
Is your degree specifically for taxes?
It is important that you find out if the person handling your case has the education necessary to properly handle your case. Only hire someone if they are an Enrolled Agent, attorney with a degree in tax law, or a CPA.
What is your track record dealing with the IRS and state tax problems?
It is important that the tax help you hire has the experience and knowledge of both IRS and state tax law. The better they know the rules and procedures, the better your chances are of successfully resolving your tax problem.
What types of tax problems can you help me with?
Tax laws are very diverse, and vary state to state, as well as for ex patriot, business, income, sales and other tax problems. Make sure that the tax help you hire has the knowledge and experience to deal with the specific tax problem you are dealing with. If you have un-filed returns, make sure to ask them if they have a tax preparer in their firm who will file them for you.
How much do your services cost?
Ask for a full disclosure of fee’s, and the services being provided so you do not end up paying large fee’s that you were not aware of. Most companies will offer you a flat fee for their service to protect you from hidden fees.
Tax Help Tips & Myths
Answers To Common Tax Misunderstandings
You can avoid an IRS tax audit
False. There is now way to avoid an audit. The IRS audits at random, and your best protection is to make sure you file your taxes correctly, and keep proper records.
If you file your taxes with an extension you will receive an audit notice
The IRS does not audit people who file for an extension any more than those who file on time.
If you cannot pay your taxes, then you should not file them
Failing to file your taxes is against the law. If you cannot pay your entire tax debt, you still must file. There are many options (link to tax services) available for resolving your tax debt in an affordable manner
I am a student so I do not need to pay taxes
False. Students still need to pay taxes. There are tax breaks in some states and from the IRS for students, but you still have to file taxes.
When you get married you must file your taxes together
A married couple does not have to file jointly; they may also file as married but separate, or head of household. Speak to a tax professional if you do not know which way to file.
I will receive a refund even if I owe back taxes
The IRS will not give you a refund for the current year, until all other tax debts have been satisfied. Your refund will be used towards your old tax debt, and if there is any remaining that will go to you.
I can hide money and assets from the IRS by transferring it to someone else
Do not try to trick or fool the IRS. They will eventually catch up with you, and this will get you in deeper trouble, and put the person you transferred it to in risk of criminal charges as well.
Bankruptcy will get rid of my tax debt
Filing for bankruptcy rarely resolves tax debt, and will stop protecting you after you get discharged. Penalties and interest will still accrue during that time, and after you will be vulnerable to tax liens, wage garnishments, bank levy’s, and other enforced collection action. A bankruptcy also extends your statute of limitations, and gives the IRS more time to collect on your tax debt.
