Tag Archives: Tax lawyer

Understanding the Difference Between Tax Relief and Settlement

Taxpayers who find themselves in tax debt have a choice between tax debt settlement and tax fraud. According to a tax lawyer offering services in all of Virginia, when taxpayers negotiate with the IRS in an attempt to resolve their tax issues, they can ask to settle the balances due or file for an extension of time. In many cases this will achieve some reduction in the total tax liability. It is important that taxpayers fully understand what tax debt settlement does to their tax returns and financial future. A tax lawyer understands all of the ramifications that tax debt settlement negotiations can have on federal tax law, the taxpayer’s ability to reduce liabilities, and the steps involved in tax fraud.

There are many reasons a taxpayer may want to opt for tax debt settlement over fraud. One reason is that choosing to settle rather than contest may result in a lower tax bill. When a tax settlement is agreed upon, the IRS agrees not to initiate any collection action against the taxpayer. There may be some collection issues that arise from the settled amount, but those will be handled by the IRS under the procedures set forth in the IRS Code. The IRS will not go after the forgiven funds from tax debt settlement.

 

Taxpayers are often worried about the impact of tax debt settlements with the IRS. There may be an unknown consequence of the IRS not proceeding with collections on back taxes. Some tax experts speculate the IRS may not pursue collections on back taxes if the taxpayer promises to repay the forgiven amounts over a period of time. This is not illegal, but it is uncertain. It is prudent to consult a tax lawyer who can answer any questions about this matter. It is wise to take the advice of a tax lawyer before agreeing to any tax debt settlement deal with the IRS.

 

Many tax debt settlement deals settle for very little, because the IRS will always get the bulk of its money from the person who owes it. Negotiating with the IRS can be done only with a professional tax lawyer. It is difficult to negotiate on your own, so a tax lawyer helps taxpayers avoid putting themselves in jeopardy of making a fool of their tax settlement claims. Taxpayers may be able to save thousands of dollars by using a tax lawyer instead of trying to negotiate with the IRS on their own. This can be a good option when the IRS demands extra money to settle the tax debt.

 

It is important to remember the tax debt settlement negotiation is done at the taxpayer’s expense. Taxpayers do not have to pay any tax attorney fees until they win their tax debt settlement claim with the IRS. In other words, taxpayers are paying tax attorneys to help them win the case and not the other way around. The IRS does not make any guarantees regarding what it will do with the tax debt settlement request it receives under the tax code.

 

Individuals and small businesses need tax debt relief assistance to solve their tax problems. It is a shame that tax problems cannot be solved without hiring an experienced tax lawyer who has the appropriate training to represent our interests. Taxpayers need tax debt relief assistance when they have not been able to resolve their tax problems on their own and face enormous tax penalties. Qualifying relief services can help taxpayers avoid the costly tax debt problems of the past and help them move forward with tax debt relief issues.

Tax Defense Attorneys- Helping you Deal with Tax Fraud Issues

The Internal Revenue Service (IRS) has increased the amount of federal white collar criminal investigations, adding to the burden faced by everyday people trying to figure out ways to pay their taxes. No day passes by without new tax-related arrests and new allegations. Attorneys specializing in tax fraud defense can help you deal with your tax issues. If you suspect that you may have been a victim of fraud, contact a tax law lawyer in Tennessee immediately, said tennesseetaxattorney.net.

Tax Fraud Defense

 

There are two primary reasons that a taxpayer might contact a tax fraud defense lawyer in Tennessee: to seek help with the resolution of an audit or as part of a plan to settle a tax liability in which case the client would be unceremoniously discharged from the IRS. Both situations present unique circumstances that must be dealt with in a unique manner. A knowledgeable professional will be able to explain the nature of each situation and recommend the best solution. Taxpayers should not attempt to resolve these issues on their own. Instead, they should immediately contact a tax fraud defense lawyer in Tennessee so that they can receive the assistance they need while working within the confines of the law.

 

When taxpayers come under the specter of a criminal investigation, it can be scary. Even if you feel you’ve done nothing wrong, the stress of a looming criminal tax fraud investigation can make things even more complicated and stressful. Unfortunately, nobody is immune from being the target of an IRS investigation. Contacting a tax fraud defense attorney in Tennessee immediately after an incident can provide the necessary legal protection.

 

The IRS is required by law to open an investigation at any time they believe an individual may be cheating the system. These investigations result in a variety of actions, some of which are civil and others of which are criminal. In cases where the taxpayer is suspected of committing fraud, the person may be called into an interview in which his or her identity is questioned. During this interview, the lawyer for the client will ask questions pertaining to his or her financial records, current assets and debts, and other relevant information. If the suspect does in fact commit the crime, there will be many legal consequences to face. However, if he or she can prove that they did not commit the crime, a tax return can be filed, either by himself or by another taxpayer.

 

When people are suspected of committing tax crimes, they often do not understand how they can actually prove their innocence. It is always important for them to retain a Tax Fraud Defense attorney to discuss the situation with them and make sure everything is clear. If someone has intentionally created false tax reports and has not paid them, for example, he or she may be arrested. False information on tax returns can be very serious, as they can be used against a person in a criminal investigation. False information on tax returns is also considered to be a felony.

When faced with criminal charges, most people just hope they will get out of the situation without facing long-term consequences. Tax fraud is a serious crime that can have very serious consequences if they are tried and convicted. There are many tax attorneys to look for if someone wants to avoid having to deal with criminal charges and get help with their tax returns. Tax fraud may include information on bank accounts, investments, property, refunds, and so much more. Tax fraud is a serious crime, which is why everyone needs to look for a good Tax Fraud Defense attorney so that they can avoid going to jail.