Month: June 2019

What Happens If You Make A Mistake On Your Tax Return?

If the IRS is breathing down your neck, you might feel trapped and think that there is no way out. If this is the case, hiring a reputable tax relief attorney is the first crucial step in the right direction. Many taxpayers that choose to represent themselves before the IRS end up feeling frustrated and create even bigger problems.

There Is a Way Out

The law is complicated and constantly changing. Hiring an experienced professional that knows the ins and outs of tax laws and is constantly up to date on the newest changes reduces the risk of mistakes to a minimum. Knowing that you are being represented by someone with an already established background in dealing with that type of problem will give you peace of mind. You won’t have to respond to the IRS letters or feel lost at the IRS meetings. 

Octaxrelief strictly follows the attorney-client privilege. Everything you say is confidential and can help in providing a wider range of possible solutions. IRS may ignore your attempts at settling the dispute, where as a carefully crafted letter by the tax relief attorney is sure to get their attention. 

React Before It’s Too Late

Many people get scared when they get notified of an audit by the IRS. This is completely normal, but choosing to ignore any warning letters will make it harder to settle the taxes later. Payment plans can differ drastically and you will certainly get better terms through an attorney. In addition, there is a big chance of your credit getting damaged if the tax lien is assessed against you. Octaxrelief attorneys have a combined 30 years of experience in resolving problems with the IRS and other state agencies. 

By analyzing your financial situation, the attorney can help you choose a proper IRS payment plan. Getting an Offer in Compromise settlement – where the taxpayer and the IRS settle for a lesser amount – can be difficult to achieve without an experienced professional behind you,

Affording An Attorney

Price for hiring a tax relief attorney is nothing compared to the amount of money that you would lose without one. In the worst-case scenario both your mental health and financial situation will take a huge hit. Higher fines and payment plans that you won’t be able to afford are just some of the problems that you could face without an attorney. Octaxrelief offers a free initial consultation to assess your problems. You’ll get a recommendation based on the assessment without any sugar coating or empty promises.… Read the rest

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