GET HELP FROM A TOP-RATED TAX RELIEF ATTORNEY IN EDMOND OK
If you are receiving notices from the IRS, you may be eligible for tax relief. Contact an experienced IRS tax relief attorney at Hutton Tax Solutions.
WHY YOU MAY NEED A TAX RELIEF LAWYER IN OKLAHOMA
When tax season comes around, many people find themselves in a state of panic. If you’re in the unfortunate situation of owing taxes you can’t pay to the Internal Revenue Service IRS, you have options, and we can help.
When you need help with taxes, finding a tax attorney with the right qualifications is necessary. When you turn to Hutton Tax Solutions, you’ll find exactly that.
What Is a Tax Relief?
If the taxes are overdue from previous years, they are referred to as back taxes. Those who owe back taxes may be wondering about tax relief. A tax relief refers to any government policy or program created to help businesses and individuals reduce their tax debt or find a way to resolve their tax-related debt.
Tax relief doesn’t have to involve only reducing tax debt but also improving their tax situation in any other way, such as by delaying filing deadlines. There is a type of tax relief that applies to situations like natural disasters, when taxpayers, for instance, qualify for deadline extensions or lower the amount owed.
How Does Tax Relief Work?
Tax relief can happen at the local, state, or federal level, depending on which type of tax is affected. It doesn’t always involve applying; it can also occur through the passage of a law or the policy decision made by the IRS.
Common options that can help obtain some tax relief include long-term and short-term IRS payment plans and Offer in compromise. In addition, a taxpayer can also ask the IRS to put their account in “currently-not-collectible” status. However, a taxpayer must meet certain conditions to be eligible for any of these options.
Working with tax attorneys in Edmond OK may be the best way to keep track of all the tax relief options available to you.
WHY CLIENTS TRUST OUR TAX RELIEF ATTORNEY IN EDMOND OK
Tax relief law is complex. This is why the best option is to contact a tax relief attorney in Oklahoma who specializes in these types of cases.
The most important elements for clients facing tax issues are personal attention and customer service. Our tax relief attorneys in Edmond, Oklahoma can provide these two things while also being knowledgeable about the law, offering efficient results, and providing an excellent track record of success with clients.
Only a skilled IRS tax attorney with expertise in handling audit representation, tax lien, tax debt, criminal tax charges, delinquent tax returns, penalty relief, and tax levy release can help you handle your particular case rationally and effectively. IRS tax attorneys use their information and knowledge of the federal tax code to help your resolve tax problems with IRS and other various tax agencies to get out of the text debts.
Your IRS tax lawyer will help you get the best possible outcome in tax settlements and help you make sure that you do not face any unfair high tax liability in the tax court as per the tax law.
So, if you are living in Oklahoma and want an IRS tax lawyer who will make you feel like you matter, who will work with your individual needs and wants to get done with the tax debts, and who will get the job done quickly while also meeting your expectations for quality, then our team of tax attorneys should be your top choice for this type of case.
SERVICES PROVIDED BY OUR TAX RELIEF ATTORNEY IN OKLAHOMA
Our tax relief attorneys in Oklahoma can assist with a variety of tax issues.
Our attorneys provide IRS resolution negotiation, IRS audit defense, IRS garnishment assistance, and more. When you turn to our firm, your attorney will be available to help you with the most complicated of legal issues pertaining to taxes.
Consulting with a tax professional about your tax problems is always a great decision. He will help you understand all available legal options and suggest the best possible ones with an expected result. Local tax attorneys and tax professionals with experience in complex tax issues and tax fraud allegations can not only understand your situation but can guide you through the process of getting out of it while minimizing tax liabilities.
WHAT HAPPENS IF YOU DON’T FILE TAXES FOR YEARS?
If you have missed a tax filing deadline, it is best to file as soon as possible. If you do not file taxes for years, it can have a detrimental effect on your life. The IRS will take action to collect back taxes and penalties. They’ll use various methods to collect the money owed, including wage garnishment and seizing bank accounts.
Usually, the late-filing fee is the 5% tax due for each monthly payment that you delay. If your tax return is more than 60 days late, then the penalty would be $435 for tax returns required to be filled in the year 2022. However, the maximum penalty could be 25% of the total amount.
If you are confused about the tax filing process, consulting with experienced tax lawyers in Oklahoma is a great option to consider.
Consequences of Ignoring Tax Debt
If you have failed to address or decided to ignore your tax bill, the IRS will use other means to force you to pay.
For example, the IRS can file a Notice of Federal Tax Lien if you got a notice about the balance due but didn’t pay. Federal tax liens are public information. In other words, it alerts creditors about your tax debt.
You may have heard that the IRS can seize your assets over a tax debt. In reality, the IRS rarely seizes property such as houses and cars to sell them. Typically, they will first try to seize the money. That can be done through the IRS wage garnishment or wage levies, as well as by taking money from your bank account. But if you achieve a monthly installment agreement to pay your outstanding tax balances, the IRS will typically stop the levy.
Another consequence of not dealing with your tax problem can result in the IRS labeling you as a seriously delinquent tax payer. That can occur if your total tax debt is more than $55,000, including interest and tax penalties, and you are not in a payment agreement or any other arrangement with the IRS. After receiving certification of seriously delinquent tax payers, the U.S. Department of State can revoke their passports.
Going through the tax settlement process alone can be hard and challenging. Having a tax attorney can mean a lot if you are dealing with the Internal Revenue Service.
NEED AN OKLAHOMA TAX RELIEF ATTORNEY TO HANDLE YOUR TAX MATTERS?
The question of whether you need representation from an Oklahoma tax relief attorney or not can be tricky. However, if you are facing any kind of tax issue, you will only benefit from the assistance of a local tax lawyer.
Here are a few scenarios where it is time to take action with the help of a reputable tax relief attorney in Edmond, Oklahoma:
- The IRS is chasing after you for back taxes, penalties, and owed interest
- The IRS has seized your property
- The IRS has filed a lien against you
Solutions vary based on case type, but in all circumstances, your tax relief attorney will provide guidance on how to deal with the IRS. If you’re ready to get started, contact Hutton Tax Solutions today.