You are probably not thinking about hiring an IRS attorney when you receive the IRS notice to issue you a refund for back taxes. Many people are quite surprised when they received this notice because they just never knew that they could not deduct their income tax from their paycheck. They also may not be aware that there is more than one type of IRS tax settlement or plan. Some people may believe that they cannot afford to hire an IRS attorney to help them with their situation but if they hire a lawyer before the problem gets out of hand, it can protect them from possible fines, jail time, or even legal action from the IRS.
The IRS will generally levy your bank account if you have not taken money out in a specified amount of time. The amount that you can have taken out of your bank account depends on many factors including your net income, how much money you make now, and how much you spend each month. If you take out more money than you really need, then this will be viewed negatively by the IRS. If you have overdue taxes to pay, the IRS can issue you a levy and you can then request a tax settlement plan or an Offer in Compromise from the IRS. By having an attorney represent you in an audit hearing, you can show the IRS that you are not going to pay this money back without a fight.
In some cases, people may not be able to deduct from their income tax from their paycheck because they live from paycheck to paycheck. This can happen to anyone regardless of their job status. In these cases, it may be necessary to get an Knoxville IRS audit defense attorney to make sure that you do not miss a single penny on your tax returns. Even if you are under the impression that you have deductions made on your tax returns, the IRS may still send you a notice to levy your bank account. You will then have to get an attorney to go before the judge to get your back taxes removed from your bank account.
In a case where you have a levy in your bank account, you will want to get an IRS tax attorney to get a stay order from a federal district court judge. In these cases, the IRS is not allowed to levy your bank account. Instead, the court will determine who has authority over your bank account and who does not. Once this is determined, an IRS tax lawyer can work on your behalf to get a stay of all the levies. If a judge allows the IRS to levy your bank account, you will have to pay the entire amount of the levies in one lump sum and the IRS will not be able to levy you again for the rest of your life.
An IRS lawyer attorney can also work to get the IRS to waive any back taxes that are due. This can be beneficial for many people, as many people owe back taxes to the IRS. When the IRS waives your back taxes, you will not be charged interest or additional fees. Because the IRS cannot levy you again, the IRS will not pursue collection.
An IRS experienced tax lawyer from Defense Tax Partners can help you in IRS tax settlement in Knoxville. If you have overpaid your payroll taxes, you may be able to get this worked out with the IRS and negotiate a payment plan. If your wages are too low to cover the taxes, an experienced tax attorney may be able to work out a payment plan with your employer. However, in some cases, the IRS may pursue wage garnishment instead of settlement with your employer.