Three Tips for Dealing with Income Tax Problems

Written by Channel 11 Houston on May 22, 2013. Posted in Income tax problems, Income tax problems and solutions

Income tax problems

Do you have income tax problems with the IRS? You are not alone in this. Many people in the US struggle to line up their financials information with the IRS. It is no surprise that the details are often confusing. The most easy tax form, as an example, has 33 pages of instructions. When you are experiencing problems with income taxes, there are several things you should keep in mind.

First, you do have some rights in this process. Many people are afraid of the IRS imposing a tax levy on them, which means that the IRS will seize property in order to fulfill owed taxes. If the IRS plans to do this, however, you get thirty days notice before the possession, and also have the option of appearing in court to petition the decision.

Second, there are solutions for your income tax problem, and you can resolve issues without having to lose your property or have wage garnishments occurring. Wage garnishment is when the government takes a portion of your paycheck before you ever receive it. Income tax problems and solutions can be discussed with a legal counsel.

Third, It is recommended that you get a lawyer or tax expert to help you though this process. Though it might seem like just an added expense, a lawyer can be very helpful in navigating the legal system and helping you get breaks. They can advise you on which tax debt settlement compromises might be right for you. These include conditional expenses, stairs steps, streamline installment agreements, and the traditional installment agreement.

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