Many taxpayers have many different options to resolve their tax debt with the IRS, including: settlements, collections, and lump sum settlements. However, if you aren’t sure which one works best for you, do not hesitate to consult Defense Tax Relief. A reputable firm with a great team of Grand Junction tax attorneys will carefully assess your personal financial situation and determine which tax debt relief option works best for you. With years of experience in helping thousands of taxpayers like you resolve their IRS problems, they’ll be able to walk you through each step of the process so that you understand your options and make the right decision for your needs.
If you decide to go with an IRS settlement, you’ll be paying part of your debt to the IRS and part to a tax lien certificate company or collector. The certificate company or collector will buy the tax lien for a fraction of its actual value in order to recoup the overpaid amount from you. In most cases, you’ll be able to reach an agreement with them that will save you money overall. When choosing a tax attorney, you need to make sure they’re experienced and skilled in these negotiations. Your attorney should be able to handle any and all of your IRS settlement issues.
One example of an option that many taxpayers overlook is the use of commercial bathroom doors. Not only can commercial bathroom doors help you avoid owing back taxes, they also provide privacy and energy efficiency when using your newly acquired space. It may be that you are planning to renovate your small bathroom or have just purchased an older home with no modern conveniences, such as a small bathroom cabinet. A great deal of money can be saved by changing or upgrading your existing bathroom with new or replacement bathroom doors.
An IRS settlement is usually achieved by paying less than what you owe in taxes because you have enough left over to pay back the rest. However, most taxpayers don’t think about what other options are available when they’re preparing their tax returns. One example is preparing your tax returns using an online tax calculator or tax preparer. Many tax attorneys or accountants offer free tax advice services to help taxpayers learn how to prepare their tax returns the right way.
If you don’t already have an attorney, it’s definitely worth making an appointment to talk to one about your tax returns. You may need someone to represent you if you’re facing tax action as well. They can help you decide what options are available to you and make sure you take every step to avoid owing back taxes in the future.
Regardless of whether you’re represented or not, you should always hire a tax debt attorney when preparing your tax statements. There’s no reason not to. Their expertise at saving you from tax liability is worth the money. If you owe taxes, hire a tax attorney today.