If you have a tax debt and need help, you are likely to need the assistance of a tax lawyer. But who should you hire? A tax attorney does not have to be a graduate of the best law school in the country. Instead, a tax attorney with some experience in the area of tax can be a good choice. Having an LLM (Masters Legal Degree) in tax from an accredited institution is an indication that your attorney really is serious about his work and is well academically qualified to perform within the world of tax law.
In order to find a good Saint Petersburg tax lawyer, first ask friends and family for recommendations. Secondly, check out the local bar association to see if there are any complaints about your potential tax lawyer. Thirdly, check out your state Bar Association to make sure that your tax lawyer is a member. There is nothing wrong with a member who has a DBA membership but if your tax lawyer is not a member then you may want to ask questions. One of the most important questions you should ask a tax lawyer is whether or not they have ever handled a tax case that could help you resolve your issue.
A tax levy is an action taken by a governmental entity to collect unpaid taxes from a taxpayer. The government can either place a lien on wages or obtain a court order to levy the wages. Depending on the situation, the taxpayer may have to pay a certain amount of money to the tax authority before their case is resolved. In addition to levies, criminal taxes, civil suits, and interest or penalties can be collected from a taxpayer.
It is vital that you have the best tax resolution you can because tax debts are often very expensive to resolve. Your initial tax debt relief may be anywhere from six months to a few years. You may be able to get some relief through an installment agreement. For example, you can make one monthly payment to the tax authority and they will distribute the money to your creditors. This will reduce your tax debt and may help you settle your case.
Wage garnishment is another option available to you if you cannot pay the taxes. Wage garnishments are not only extremely harsh but also mean that you won’t be able to keep your job. Many employers use these options to ensure that they get back all of the money owed to them. It is not uncommon for taxpayers to be forced to pay large amounts of back taxes in the form of hefty fines and penalties. If your employer does not allow you to withhold the pay that is due, wage garnishment may be your only option.
No matter what happens, you need to seek help from a professional tax specialist. Good tax resolution professionals know all of the laws and options that are available to you and will work with you and your tax adviser to come up with a plan to resolve the problem. A professional will look at your situation and assess all of the options that you have. When you have a good tax resolution professional on your side, you have a good chance of getting back whatever you are owed.