Tax Debt Attorney for Problems with the IRS in Mississippi and Nationwide
Opening your mailbox to find a letter from the Internal Revenue Service can quickly put a damper on your day. Tax law is complicated, and the average individual cannot go toe to toe with the IRS alone.
Working with a tax debt lawyer to settle IRS debt is the best way to protect your rights and avoid an unpleasant legal situation. From providing representation during tax audits to defending our clients in the United States Tax Court, our tax attorney team at Damiens Law Firm, PLLC is ready to take on any tax matter you face.
When Should I Hire a Tax Debt Lawyer to Settle IRS Debt?
Hiring a tax debt lawyer is a wise move for anyone facing unusual tax situations or those who the Internal Revenue Service has contacted. For example, tax matters such as failure to pay your tax liability, being selected for an IRS tax audit, and having tax liens placed on your assets are all circumstances where you will want a tax professional on your team.
In addition, tax attorneys are a valuable resource to call on before things escalate to the point where taking your case before the United States Tax Court is possible.
A tax debt attorney can assist with tax matters such as understanding the tax implications certain financial decisions have, assisting clients with tax planning, and helping them run their businesses in the most tax-efficient manner.
Why Am I Being Audited?
If the thought of being audited makes you feel nervous, you are not alone. The majority of Americans shudder at the thought of having their taxes scrutinized by the IRS, even though most taxpayers have less than a .6% chance of being audited. However, certain factors can increase your odds of being audited, such as:
Underreporting Your Income
Failing to claim all profits you made over the tax year impacts how much income tax the IRS receives from you, so they don’t take underreporting lightly.
Remember, the IRS receives copies of your W-2 and 1099 forms, which means they’ll check to see if the amount of money you took home and the amount you claimed are the same. They will also see if you missed claiming interest earned on savings accounts or neglected to report capital gains from property sales, cryptocurrency trades, or stock trades.
Tax professionals can keep you from missing any income sources on your taxes when filing, ensuring you abide by all tax laws.
Claiming Undocumented Tax Credits
The federal government has numerous tax credits some citizens can qualify for that can decrease the taxes they owe. However, if you take advantage of any of these credits, you must be sure you can back up your eligibility with the appropriate documentation.
For example, suppose you claim an enormous charitable contribution on your taxes. In that case, you will need to be able to back it up with proof that you donated, such as receipts, bank statements, and evidence that the charity in question is legitimate.
Always ask a tax professional before filing if you need clarification on certain aspects of tax law. Seeking guidance from MS tax debt lawyers will be much more pleasant than dealing with the IRS.
Having to complete an IRS tax audit because of a math error is a frustrating yet common occurrence. If you don’t have the time or energy to devote to completing your income tax filing accurately, consider letting a tax professional handle it.
While most individuals picture a certified public accountant when they think of a tax professional, a tax debt attorney can also help you prepare your taxes and ensure your tax return is error-free.
Prevention Is Better Than Cure
It is less stressful to take some preventative steps to avoid needing tax dispute resolution than dealing with legal issues because you inadvertently miscalculated a few business transactions and misreported your income.
While a single mistake doesn’t always result in a full-fledged IRS tax audit, one slip-up could cause them to take a closer look at your filing and discover other errors, which makes you more likely to be audited.
What Happens If My IRS Tax Audit has a Poor Outcome and I Need to Settle IRS Debt?
As if being audited isn’t nerve-wracking enough, taxpayers have to worry about what could happen if their audit proves their filing was inaccurate. Once you find out you’re being audited, you will want to hire a local tax debt lawyer immediately.
While the auditor will say you don’t have to hire a tax debt attorney, you will want to find one anyway. Not only can they guide you through the audit, but they will also be ready to provide their services if any of the following scenarios occur:
- Being charged additional interests
- Being given a civil penalty
- Being given a civil fraud penalty
- Being given a criminal penalty
The United States Tax Court and Tax Dispute Resolution
If you believe the result of your audit was unfair, the United States Tax Court is where you can seek justice. Designed to be a place where taxpayers can get a fair hearing, the US Tax Court is the one location where you and your tax debt attorney can pursue litigation over tax matters without having to pay the disputed tax amount first.
Hiring a tax debt lawyer will give you an advantage. Since their practice focuses on tax law, they will be familiar with the intricacies of federal taxation and prepared to defend you against an unfair audit ruling.
Do I Still File a Tax Return If I Can’t Pay My Taxes?
If you are going through a challenging financial situation, you may know you don’t have the money to pay your tax liability before you even file. However, even if you cannot pay, you still need to file your tax return.
There are civil penalties and criminal charges you may face if you fail to file. Filing and paying as much as possible by the due date is your best course of action. You’ll also want to complete and attach form 9465, “Installment Agreement Request,” to your return to see if you qualify for a payment plan.
As soon as you’re aware you’ll be struggling to pay your tax return, it’s wise to reach out to a tax debt lawyer for advice regarding your situation.
Don’t Let Tax Dispute Resolution Overwhelm You
If you are tired of living with the weight of tax problems on your shoulders, it is time to talk to a Mississippi tax debt attorney. Find freedom from stress and feel confident about your financial future by seeking tax dispute resolution with an experienced firm.
Work with a tax debt lawyer who will fight for your rights. Contact Damiens Law Firm, PLLC at 601-488-2079 and let us handle your tax issues today.
Types of Tax Problems
The feeling of dread when you receive a letter from the Internal Revenue Service is only compounded by the fact that trying to face them on your own is usually not a wise idea. That’s why seeking IRS tax resolution services from professionals is often the best course of action. They have the experience and resources to help you navigate this difficult process.
When you’re dealing with a tax problem, the first thing you need to do is take a deep breath and relax. It’s important to remember that you’re not alone and that there are people who can help you resolve your tax issues.
Tax attorneys provide a wide range of services, including managing your tax return, negotiating with the IRS on your behalf, and representing you in front of the IRS or other taxing authorities. They can guarantee that you are treated fairly, that your rights are protected, and that an equitable and favorable solution can be found for any tax concerns you may have.
If the IRS is knocking on your door, it’s time to take action. The government can and will seize your assets if they believe that you owe taxes.
Non-Filed Tax Returns
If you missed out on filing your taxes, it is critical that you take immediate action to resolve the problem.
Failing to pay payroll taxes is one of the most serious tax infractions, and it carries the highest fines.
We specialize in IRS audits and can handle your IRS auditor’s investigation of your tax returns.
Many clients of ours have benefited from our firm’s experience handling tax levy situations and obtaining levies reversed.
Have you received a letter from the IRS stating that it intends to place a lien against your property?
There are three main types of IRS penalties: failure to pay, failure to file, and failure to deposit. Each type has its own set of rules and regulations.
Fortunately, there are a few different ways to manage your problems with the IRS and avoid or put a stop to the garnishment of your wages.