Millions of people either disagree about what they owe the IRS or agree with the amount but can’t afford to pay it in full. Tax problems can happen to people in all walks of life. There are many reasons why people develop tax problems. It does not mean you are a bad person. Illness, death of a spouse or parent, divorce, loss of employment, closing of a business, a bad investment, even a real estate short sale can all lead to unexpected taxes. Many times the additional tax is the fault of your tax preparer who tried to get you more of a tax refund than you were actually entitled to receive.
The IRS doesn’t care why you owe them money.
They only care that you owe it, and the IRS is the most powerful collection agency in the world. The law gives the IRS the power to seize assets that ordinary creditors can’t touch. The IRS collects unpaid tax debt by a variety of extremely intrusive means that can completely disrupt your life without regard to future consequences.
But there are also laws and procedures in place to protect you the taxpayer.
If you disagree with the amount the IRS claims it is owed, you can file a petition to appear before a Judge in the Federal Tax Court. If you agree that you owe the amount but can’t afford to pay it, you may be able to enter into an installment payment plan or even a special program called the Offer in Compromise that is designed to forgive a portion of the tax debt in exchange for making one or more lump sum payments. But the IRS has a vested interest in getting as much from you as it can under the law and it is not obligated to walk you through all of the necessary forms and mathematical calculations. It is important that all documents are prepared correctly because errors can later be used against you. The Law Offices of Mark Steinberg is registered with the IRS and has experience with resolving tax debt from several thousand dollars to over one million dollars.
If you have received a notice from the IRS, you must take it very seriously. Every letter contains a deadline to respond and if the deadline passes and the IRS has not heard from you, it will issue a final determination. The Law Offices of Mark Steinberg can help you to understand the complexities of all the letters you may receive.
If you would like more detailed information, call Mark S. Steinberg, P.A. at (305) 671-0015 or fill out the Contact Form to schedule a FREE one hour consultation so that we can determine the best course of action for resolving your tax debt.