Are You Looking For A Norfolk Tax Lawyer?
Do you have an overwhelming tax debt to the IRS? Taxpayers can always call a Norfolk tax attorney for their tax related questions, but there may be a more affordable option. Calling a professional tax company may allow one to enjoy the large amount of resources available to the team of IRS Tax Practitioners, Enrolled Agents and CPAs employed there. They can be extremely helpful when it comes to finding tax debt resolution plans, filing taxes, or just answering tax questions. Fast action is important so as to avoid future problems. A Norfolk ax lawyer or a professional tax company is able to find the solution that best fits a person’s financial situation.
When taxpayers fail to make payments on their debt, the IRS may begin to employ enforced collection methods. If this occurs, a taxpayer should not waste any time before calling one of our tax debt analysts or a local Norfolk tax attorney. There are many resolution plans available that should be explored instead of just ignoring the issue. Once collections begin, the agency will only stop if either the full balance is cleared or until the taxpayer begins a back tax resettlement program. A notice of tax lien implies that the IRS is placing a hold on all the properties and accounts of an individual. This freezes funds to ensure payment of the debt and blocks other creditors from collecting on those same assets. Unresolved tax liens drop credit ratings and appear on credit reports for the next seven years. Using a Norfolk tax lawyer or one of our case processors can help to begin a resolution and thus remove the tax lien.
The next step in the process, if no payment has been made or if no plan has been instituted, could be a tax levy. The government, at this point, will have the legal right to seize all the assets of the non-compliant taxpayer. These assets can include wages, bank accounts, and even their home. It is vital to get in touch with an IRS negotiator or a Norfolk tax attorney when the notice of tax levy is received or even before then. A tax levy begins by freezing bank accounts. 21 days later, the funds are sent to the IRS. If the debt is not satisfied, the IRS may sell an individual’s property; such as a car, boat, or house. Both our tax professionals and a Norfolk tax lawyer follow the guidelines put in place by the IRS to find the most beneficial repayment option available. Our case analysts have gained experience helping thousands of people across the nation without even being based in cities like Norfolk.
Sometimes having a Norfolk tax attorney is important for an IRS case, but they are not always necessary. Our debt specialists can help you decide when one is required; for instance, when a taxpayer needs advice with legal rights and issues. Our tax professionals offer other services as well, including tax preparation, penalty abatement, and answering tax-related questions. We are not a law firm or a Norfolk tax lawyer, but we will help you become compliant with the IRS. Call today to for a free consultation and explore your options!