Tax is an issue most Americans hate dealing with; yet, no magic can exclude one from paying taxes. However, it might be pretty frustrating having to try your best to fulfill your tax obligation as an American citizen by the tax deadline, but nothing works out.
A correspondence from the IRS is like a death sentence to many people. Some people will not even bother opening such mail as they expect the worst – tax liens, tax audits, and a tax levy, which could indeed be frightening.
However, to make your life easier, there are tax resolution services meant to help resolve many of these things. Even if you get a letter notifying you of a tax audit from Uncle Sam, it is not a life-threatening sentence affirming your guilt of any offence. Every year, Uncle Sam examines a series of tax returns with an eagle eye in a bid to check any perceived discrepancy. However, this is not a license to take it lightly since it is not so easy to deal with Uncle Sam simply.
With a tax resolution service, you get the proper defence against severe IRS activities like an audit. You can get in touch with our tax professional for help, and we will even provide an initial consultation for you, free of charge. With our expertise, you will get all needed information, alongside whether you need to hire a tax professional to stand in for you or not.
Tax Resolution Services
There are many ways Uncle Sam can come against you and your finances which is the reason for establishing tax resolution service. With tax resolution service, one can get the proper defence against such collection and assault from Uncle Sam. Enforcement and other collection measures (talk of tax audits, penalties and liens) from Uncle Sam are not usually fun. A tax professional such as FLYNN FINANCIAL GROUP, INC. standing in the gap for you can help provide you with a favorable outcome.
Here are areas in which tax resolution service can assist taxpayers:
Tax Audits
The statute of limitation that Uncle Sam has to examine tax returns of past years is three years. When dealing with IRS auditors, you will generally need to submit extra documentation, which confirms your deductions or income. When you consider that audits can stretch up to a year or more, it makes sense for small businesses to hire a professional to help.
Tax Liens
There are several repercussions that come with not paying back taxes. Uncle Sam is authorized to seize your assets and properties with a tax lien and garnish your wages. Should you get any notice for a tax line, make sure to discuss this with a tax professional as soon as possible so you can know your options.
Tax Levies
If you owe taxes, Uncle Sam can go to great lengths to get such payments. A tax levy is one of the unpleasant measures with which Uncle Sam can get their hands on your money. With a tax levy, the IRS receives the power to seize your asset, freeze your bank account, and garnish wages.
It is also essential to act as fast as possible to prevent Uncle Sam from controlling your life and finances. It is possible to defend and protect yourself against back taxes, even though you don’t have the luxury of time.
Unpaid Back Taxes
Don’t be tempted to believe that Uncle Sam will forget unpaid taxes. This makes it a good idea to get on the good side of Uncle Sam as soon as possible by settling your tax debt. If you have issues with money, there are options to resolve your tax debt. You can contact a tax professional to know about instalment agreements or Offer in Compromise to take care of your tax debts.
Wage Garnishments
Uncle Sam can also lay its hand on some part of your wage to settle tax debts and could go as far as freezing your account using a levy to pay debts. A tax expert or professional will come in handy in protecting you against severe IRS penalties.
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Flynn Financial Group Inc