Tax Matters - The Top Tax Defenders Blog

COVID-19 has been at the center of our lives for more than a year. To help with the financial impact of the pandemic, the federal government has passed several laws aimed at providing financial aid to those struggling. But how do these laws affect your taxes? How can you take advantage of new financial relief options?

Editor’s Note: This post was originally published in August 2020 and has been updated for accuracy and comprehensiveness.

One of the easiest ways to get in trouble with the IRS is by committing tax evasion. Just the words - Tax Evasion - sound like they should be accompanied by those tonal beats from Law and Order. 

Sometimes you need a little help with your taxes that a preparer or CPA can’t help you with. A tax attorney, on the other hand, fits the bill nicely. Taxes, like most other legal issues, are complex bordering on absurd. It takes someone with experience and the right skills to help you hack your way through the jungle of rules, regulations, and other entanglements.

If your tax bill is too hefty for a single payment this year, you have options. The IRS can offer you an installment payment plan to help you spread your payments out over a number of months. While it's stressful to have tax debt of that magnitude, an installment agreement can make it more manageable.

You didn’t file or pay your taxes this year because…reason. If you have the right reason, you may be able to request a waiver or tax penalties from the IRS. Believe it or not, the IRS isn’t completely heartless and, for a government agency, it can actually make sense once in a while.

Dealing with the IRS can be a hassle for which you do not have the time or patience. You may have no idea what it wants from you or how you can resolve your tax situation to the IRS’s satisfaction. Rather than struggle with tax debt and other IRS challenges, you could get them resolved quickly by hiring an experienced tax attorney today. 

When you owe a debt to the IRS, you might wonder what your options are for satisfying it. Rather than pay a tax debt that you cannot afford, you could settle it for less by making an Offer in Compromise to the IRS. By using these strategies, you better the chances of your IRS Offer in Compromise being accepted the first time you submit it for consideration. 

Going up against the IRS can be an overwhelming and daunting task. Most people have no idea of what the current tax laws are. You also may worry that the IRS has an unfair advantage over you as a private taxpayer.

Approaching the IRS on your own can be a daunting undertaking. You may not know how to advocate for yourself when you owe back taxes or have a complicated tax debt case with which you must contend.