Why Hire a Tax Attorney?
A tax lawyer will have experience achieving tax settlements. A CPA may be familiar with some tax settlement programs, but they may not have a full understanding of the various programs. Tax laws and codes are complex and they can change yearly. In addition, there are many programs available a taxpayer can use to settle or reduce the amount of tax liability owed. An experienced tax attorney will know how to qualify for these and to determine the best program to use. Being under a collections process by the IRS is serious and the wrong advice can be very costly.
There are deadlines where issues must be resolved to avoid further penalties. A Taibi Law Group attorney can draft your letters to the IRS that are more likely to get the IRS’s attention. Additionally, our tax attorneys have direct contact information for the IRS where and can negotiate matters over the phone instead of through writing, effectively ending the communication issues.
IRS Tax Disputes
Most tax disputes arise in the form of an audit of one or several past tax returns. If the IRS notifies you of an audit, you should consider hiring a tax attorney immediately.
A Taibi Law Group tax attorney can communicate with the IRS on your behalf, be present during your audit and help negotiate a settlement. Having experienced legal counsel helps ensure that you don’t overpay as a result of an audit.
Offer in Compromise
An offer in compromise (OIC) is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed. The IRS will accept your OIC only if you convince it that:
You aren’t able to pay the full amount in a reasonable time, either as a lump sum or through a payment agreement
There is doubt as to the amount of your tax liability
Due to exceptional circumstances, payment in full would cause an “economic hardship” or be “unfair” or “inequitable”
There is a Streamline IRS Offer in Compromise program that is straightforward with specific criteria. This is very straightforward and any taxpayer can handle it themselves. However, those who do not qualify for the Streamline Offer in Compromise program should consider hiring a tax attorney to handle their IRS negotiations. The IRS has up to two years to accept or reject an Offer in Compromise and our experience is the higher the total amount owed, the less likely the IRS is to accept your settlement offer. If you owe more than $20,000.00, please contact Taibi Law Group for a free, no-obligation consultation.
Tax Evasion or Tax Fraud Charges
Tax evasion and tax fraud are very serious criminal offenses filed against those who refuse to file tax returns, pay taxes, or reveal all of their sources of income. These charges involve fines, interest on tax owed, prosecution fees and possible incarceration. Your name, city, state, and crime are all published on the IRS website. If IRS agents come to your office or home to ask further questions, it is time to hire an attorney. Remember that once a formal investigation is opened with the IRS, any information you give them can be used against you. Do not attempt to handle any IRS interview without an attorney who can protect your rights and construct arguments in the most favorable way for you.
Internal Revenue Service (IRS) and North Carolina Department of Revenue (NCDOR) Representation
Lawyers are bound by strict confidentiality rules so even if you end up hiring a different attorney, the lawyers you meet with cannot share the information they learned with the IRS or anyone else. Contact a Taibi Law Group tax attorney today for a no obligation initial consultation.