How a Tax Planning Attorney in Florida Can Help with Your Tax Matters

These Are Just A Few Of The Tax Problems And Settlement Options That Exist In The World Of IRS Debt Issues.

Handling any tax problems on your own is generally a bad idea, and enlisting an experienced tax professional is a must. Mary E. King has spent her career concentrating on tax law and can help you with any of these issues and more. By working as the buffer between clients and the IRS, Attorney King stands up to the IRS for her clients and protects their rights while working hard to get them the best tax debt relief available.

That helps explain why she’s received an A+ rating from the Florida Better Business Bureau. If you have a tax problem-related issue – no matter how small or how large – setting up an initial consultation with Tax Attorney Mary E. King is the first step you should take towards relief.

Delinquent payroll taxes can be one of the most serious tax-related issues a business can face. They may lead to significant IRS penalties and, in some cases, federal enforcement action. Employment taxes are treated as a high priority by the IRS, so addressing payroll tax debt quickly is important. An experienced tax planning attorney can help you understand your options, respond to IRS collection efforts, and develop a strategy to address the debt while protecting your business.

It’s a common mistake to assume that if your original tax return is late, you can’t file it. The truth is that not filing it at all is much worse than filing late, and the longer you wait, the greater the penalties can be. As a result, you should always file returns even if they are late. In many instances, settling tax debt begins with this basic step.

Getting audited is never fun, and it’s important that you have someone on your side during the process. The IRS actively looks for tax returns that have the highest chance of netting them additional tax collection, and as a result, you need to be sure to have an experienced accountant, attorney, or both on your side who will protect you and your rights during the process.

It’s not easy, but in some instances, it’s possible for a skilled legal professional to help clients avoid various penalties that the IRS may put in place. This can often cancel portions of back taxes, removal of interest and penalties. In some cases, it can even remove the entirety of the penalty.

Even if you’re separated from your spouse, you can still easily find yourself liable for your former partner’s tax debts. There are steps that can be taken towards innocent spouse relief that can help provide a layer of protection to those who find themselves in this scenario.

A lien is nothing more than the official statement that shows you owe the IRS tax debt. This may not sound severe, but you should remember that the lien will show up on any credit report. This means that getting a loan will be next to impossible. Additionally, the IRS can actually file a lien against your property. In other words, resolving tax liens is a must for anyone facing IRS debt problems.

IRS wage garnishment is actually a type of penalty that will often be put in place by the IRS. The process is easy enough to understand – during wage garnishment a portion of your wages or salary will be deducted from each paycheck and applied towards paying off your tax debt. The levy ends when your taxes are fully paid off or when any time constraints expire. While this is very common, many people find that modifying the garnishment is required in order to keep their wages at a level that makes it possible to live. In these cases, getting professional assistance is a good idea.

An Offer in Compromise is an option that may allow eligible taxpayers to settle their IRS tax debt for less than the full amount they owe. The IRS considers several factors before accepting an offer, including the taxpayer’s ability to pay, income, expenses, and asset equity. Working with an experienced tax planning attorney can help you understand whether an Offer in Compromise may be appropriate, prepare the required information, and communicate with the IRS throughout the process.

One of the worst situations a debtor can find themselves in is that of facing IRS bank levies. Levies are put in place that will actually remove cash from a bank account completely. Once the IRS places a levy order, your bank will be required to remove all funds available in your savings and checking accounts up to the amount you owe and send it to the IRS.