Tax Matters - The Top Tax Defenders Blog

The IRS expects business owners like you to file and pay your taxes each year. To help you avoid overpaying what you rightfully should owe, the IRS allows you to use loopholes to lower your tax burden. 

Despite your best intentions, you may need to push the proverbial Restart button with your connection with the IRS. Inadvertent errors, failure or inability to pay, or failure to submit your returns on time can jeopardize your taxpaying compliance and put at risk of fines and penalties.

The IRS employs a team of agents dedicated to investigating incidences of tax fraud. Once they discover these offenses, they make sure that the IRS recovers every dollar that is owed to it.

You may have every intention of filing and paying your taxes on time each year. However, at some point you may experience an issue that prevents you from being compliant with the IRS. 

Resolving a tax matter to your satisfaction can take a level of skill and finesse that you do not have. Rather than go up against the IRS alone, you need someone with experience, knowledge, and confidence handling tax disputes to help you. Protect your money and settle what you owe to the government by taking advantage of these five important benefits that come with hiring a skilled tax lawyer.

The IRS may seem like a scary government entity that wields too much power over your everyday life. In reality, taxpayers like you are given the proverbial upper hand in terms of how you can pay what you owe. When you have an outstanding IRS balance, you should keep these five important facts in mind before you decide what repayment or settlement option you want to use to resolve your federal tax debt.

Federal liens are just like any other form of defaulted financial obligation in the damage they can do to your credit rating. Unlike unpaid medical bills, credit cards, car loans, and other expenses, IRS collection efforts can vary in how long they are reported by the government and stay on your record. You can take the necessary precautions now to protect your rating and record by discovering the full impact that comes with an IRS tax lien.

The IRS expects you to pay your tax bill each year. When this year's debt is more than you can pay, you might wonder how you can settle it without having a lien put on your assets or having a garnishment put on your paycheck. You can pay your tax bill quickly and realistically by following the process of setting up an installment agreement with the IRS.

Many taxpayers cannot wait for the tax filing seasons to end. Once you hit the Submit button or put your return in the mail box, you are ready to enjoy the rest of the year, knowing that you have filed your taxes successfully.

While you are entitled to every bit of relief that you feel after tax season, you should not delay in preparing to file your returns next year. You can start your prep work now by following a few simple and fast tips.

The IRS is one of the most powerful organizations in the federal government. As much power as it wields, it still must afford you and every other taxpayer full due process according to the law. Learn what your rights are as a taxpayer and at what point you can use them to your benefit.