Everything You Wanted To Know About State & IRS Taxes
The penalties for not paying taxes on time can be severe. The longer you wait on resolving your tax debt, the harder it will be. Not to mention the cost it will take. It is very important for you to understand the process of IRS collection as a taxpayer. There are many options on how you can arrange for a payment. In Georgia, GA, there is a list of tax relief companies that can help you with your issues related to state and federal tax debt.
It always depends on your tax debt situation. Choosing the right option can be a challenge, but it does not have to be that way. The key to everything is knowing the reputation of a tax relief company. Some of the steps on how you can find a good tax relief company include hiring a company that has licensed tax attorneys. With the right company, your issues including wage garnishment, innocent spouse relief, and back taxes can easily be handled.
When you are hit with a tax lien, the situation can be very stressful. But this can be avoided if you understand the whole process and if you choose the right tax attorney to represent your case. It does not matter what the situation of your tax lien will be, ignoring IRS won’t make it go away.
A good tax attorney will be able to come up with a solution and help you set up a payment plan. In some cases, you can opt for Offer in Compromise. OIC will allow you to submit an offer and request to the IRS to settle your tax debt. By doing this, you must prove to them that you have a financial hardship. Often, you will be granted the permission to pay less than the total amount due. However, you must be aware of the strict eligibility requirements of the OIC program.
