When do you require the services of a Federal Tax Lawyer?

If it has been a long time since you filed your income tax returns, you will need the services of a Tax Attorney. It is mandatory to file the tax returns under the Federal Law. An attorney can help you file the un-filed returns. By filing the old returns, you can find the back taxes you owe the Government and the refunds that you have not collected.

An attorney that understand federal tax laws could be of help when you receive an assessment letter from the IRS. An assessment letter informs you about the back taxes you owe the IRS. It may include the actual tax, penalties and interests accrued over the years. You are required to reply for the assessment letter. Your Attorney could help you negotiate a settlement with the IRS.

If you do not respond to the assessment letter, and the subsequent letters asking payment, the IRS will initiate collection procedures. If a tax lien has been filed by IRS, it gets attached to all your assets and you will not be able to do any transactions on the property. If you wish to sell your assets, you will have to get the lien removed.

They may place levy on your bank accounts or garnish your wages. When such extreme measures are taken by the IRS, like garnishing your wages or placing levy on your bank accounts and lien on your assets, it is highly unlikely that you could get out of the mess yourself. Only an experienced professional like an attorney who specializes in tax could save you.

All these could have been avoided had you filed your tax returns on time. So it is better to employ an attorney at the stage of fling returns, than facing the unpleasant situations later. Always remember the old idiom "A Stitch in Time Saves Nine".

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