Taxes and Michigan Tax Relief
Every year, taxpayers receive letters and notices from the IRS for several reasons. You may have a couple of options on how you can respond depending on the kind of notice you receive. If you have any tax debt, it’s best to resolve it as quickly as possible. The longer you wait, the harder it will be for you to resolve your issues, but you don’t have to do it alone. In Michigan, tax relief consultation, and tax attorneys can help you handle an IRS notice and get you out of any potential hot water.
What to Do When You Get an IRS Notice
Often, the IRS will issue a letter inquiring about filing an income tax return. This always happens if you had failed to file a tax return for at least one year. When you get a notice from the IRS, it’s best for you to respond as soon as possible and pay any back taxes or other forms of debt that you owe. If your tax debt case is harder to handle, or you need some extra help, Michigan is home to many great tax relief services and tax attorney’s that can help you in dealing with the IRS; it’s always good to have some help.
Handling Tax When You Have Financial Hardship
Despite the rumors on how the IRS can be pretty demanding, tax debt issues can be settled easily when you explain it to them properly. A tax attorney will go through your situation such as wage garnishment and tax liens and offer up different solutions like an innocent spouse relief in case your husband or wife is the one that filed taxes wrong.
In some cases, tax attorneys will submit an offer in compromise as a request on settling your tax debt; it involves paying off a portion and then being forgiven on the rest. However, due to its strict eligibility requirements, not everyone will be granted the permission to settle their tax this way. Nevertheless, a good tax attorney will help you out of any hardships you may come across.