If you’ve received an IRS Notice of Intent to Levy your property, you need to act immediately. If you do not file your taxes on time, the IRS may levy your bank accounts, wages, and state tax refunds. It may also levy your Social Security benefits or revoke your passport. You should hire a skilled Tax Levy Lawyer to protect your rights.
A tax lien is a legal claim against your property that gives the IRS the right to seize your property to satisfy the debt. A tax levy is the actual seizure of your property, and it can lead to higher fines and more stress. You should never attempt to handle an IRS tax lien on your own. A skilled Tax Levy Lawyer can help you decide whether a levy is warranted and what you should do to fight it.
A Tax Levy Lawyer will protect your rights and fight the IRS in court when it pursues collection efforts against you. If you have unpaid taxes or have not made your payments in time, hiring a skilled Tax Levy Lawyer will help you resolve your tax debt and avoid a deficiency judgment. If you have more questions, contact a tax reorganization attorney. The average cost of a tax attorney’s services may be too high for you to handle the IRS on your own. Hiring a Tax Levy Lawyer will help you to make the best choice for your financial situation.
Most tax attorneys offer a free initial consultation. Be sure to ask about this and calculate how much you could save without the consultation. The value of hiring a Tax Levy Lawyer depends on your unique situation, and you can save pennies on the dollar with some tax attorneys while others may save you millions on a yearly basis. Just remember to consult with a tax attorney before hiring one. It’s worth the extra cost.
You should consider the cost of hiring a Tax Levy Lawyer. Some tax attorneys charge by the hour and require a small retainer, whereas national tax attorney firms have fixed prices for resolving your case. Moreover, a skilled Tax Levy Lawyer will have a good relationship with the IRS and help you obtain the best possible resolution. A tax attorney can also work remotely. You can meet with him over the phone or even video chat.
If you’re unable to pay the entire amount of tax debt, you can try an Offer in Compromise arrangement. This arrangement can save you a significant portion of the money owed. Some people even get up to 95% of their tax debt through this arrangement. However, if you divulge too much information to the IRS, you may not qualify for an Offer in Compromise and could have to pay additional fees. Also, tax law businesses can add additional interest to your debt.