Each year, the IRS comes up with new rules and regulations to make people meet their tax obligations such as penalties and tax debts that give people sleepless nights. But you can escape the grind by getting in touch with a tax professional and by applying your tax knowledge when filing your returns.

If you are facing IRS issues, you are not alone; there are thousands of people across the country who have to contend with IRS trouble. There are scores of people who find it difficult to pay their taxes on time. Unfortunately, the IRS goes after all non payers but they seldom tell you about your tax payer rights. Very often it is not the tax payers fault at all but an error on the part of the IRS that leads to the mayhem, but as usual it’s the tax payer who has to suffer the brunt of such an error.

The two things that you are going to need when battling the IRS are persistence and patience. There are several recourses available for people who facing IRS problems however you will need to know about your rights and the various options available for you to choose the best course of action.

Many people cannot meet their tax obligations due to financial issues, if you haven’t been able to pay your taxes for a year or more because of financial adversities, all you will need to do is file for an extension through the use of Form 4868, however, you will need proof of the fact that you were unable to pay taxes because of financial difficulties.

When people do not pay their taxes they have to deal with harsh collection tactics, large penalties and swelling interest payments. If you are facing a financial crisis, just filing for an extension may not be enough because if you cannot make ends meet, paying your tax dues will be out of the question for you. You may need to lower the burden by requesting an installment through the use of Form 9465. If you are granted an installment, which should not be too difficult, you will have the liberty to pay your tax dues each month at a rate that is feasible for you, also such a move will prevent the IRS from seizing your assets, garnishing your wages, bank accounts etc.

Penalties are another common tax issue that people have to face in case of missed or late tax payments. Don’t underestimate the IRS’s capacity to penalize you, there are well over 140 penalties that the IRS can levy at will and even if you have already cleared your taxes, you may still have to pay these penalties. The amount of these punitive measures can be quite high and can go to the tune of 10% to 100% of the tax dues. Other common issues that people face are: late filing of tax returns, late payment and filing erroneous tax returns; and all of these can result in penalties. However, there are also multitudes of ways to escape these penalties.

But, you may have to enlist the help of a tax attorney or an accountant to deal with IRS tax issues or you could also seek advice from an ex-IRS employee. Because tax laws are too complicated and too many, it may be best to use the services of a specialist if you find yourself in a lurch. Ideally, you should go for a tax professional who has a good success rate and who has ample of experience in handling cases that involved the same types of penalties that have been levied on you and.

Get on touch with a Dallas tax attorney if you intend to ask for penalty abatement for issues such as late tax payments or late filing and or error in reporting the income. If you have proof of a documented situation like a hospitalization, death of a loves one or a natural calamity; these can act as valid excuses

Author Bio: Seomul evans is a Internet Marketing Services consultant for Tax Attorney Texas and IRS Tax Attorney

Category: Legal
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