IRS Tax Debt Issues? 3 Easy Steps to Financial Freedom
The tax laws in this country are always changing. What is legal and expected during one tax season can easily change by the time the next tax paying seasons arrives. Because the laws frequently change and new laws are continuously being added, people may not know what earnings and exemptions to claim. When they do not pay enough in taxes, individuals may be targeted by the IRS, and could have their wages garnished, assets seized, and have other legal actions taken against them. When people are ready to get past their tax burdens and rebuild their futures, they are encouraged to take three important steps.
1) Get Help Immediately
Rather than debate whether or not they should seek help right away for their IRS tax problems, someone in default with the IRS is encouraged to act immediately. Calling for help right away can get the process started that will eventually free them from their tax burden. When they call the toll-free number, taxpayers can let the agent on the other end of the line know the precise circumstances of their tax debt and how much money they owe to the government. The agent who handles their call can then advise them on what the process involves and how long it could take to end their tax worries.
2) Work with Legal Counsel toward Resolution
Once one provides his or her information to this service, they should then make every effort to cooperate fully with the legal counsel who will guide them in the recovery process. This process requires that clients provide every last detail of their tax burden and be honest, no matter the circumstances. When their legal counsel has all of the facts, their lawyers can then design a resolution that can provide them with the most successful and fastest solution possible. Part of their individualized resolution could involve ending garnishments and protecting their assets from seizure. This assistance is vital if people experience undue hardships from their earnings being garnished.
3) Resolve the Debt and Rebuild Their Financial Futures
Once their lawyers design a plan to help them overcome their tax debts, individuals should follow through with the plan completely. Each person’s plan will different; however, it could be reasonable to expect to make monthly payments or to pay a settlement of some sort. Once their debt is satisfied, taxpayers can look forward to rebuilding their financial futures. They should make every effort to stay informed about the tax laws so they do not end up in this situation again. It could be advisable for them to rely on professional tax services or a CPA to do their taxes each year.
People who fall into debt to the IRS often cannot escape this agency’s aggressive collection pursuits. They may have their earnings garnished, bank accounts seized, and legal action taken against them in court. When they want to pay off or settle their IRS debts, individuals can find peace and resolution by taking three important steps to make this goal a reality.
Freelance writer Lisa Coleman shares some simple steps to get back on track financially regarding IRS debt. She understands the stress that comes with having IRS tax problems and encourages employing a service, like Instant Tax Solutions, that offers legal counseling and debt relief programs to help a person regain financial freedom.
Photo Credit: http://www.flickr.com/photos/86530412@N02/8224557163/
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