In today's challenging times, it's no secret that more and more individuals and families are struggling to make ends meet. So it’s not surprising that many people have fallen behind on taxes and are in trouble with the IRS.
And when it comes to the IRS, it’s not wise to ignore or delay dealing with a problem. That’s because the IRS has the full force of the Federal government behind it and individuals who fall behind in their taxes are putting their wages, bank accounts and their financial futures at risk. Failing to act upon an IRS tax collection or enforcement notice all too often leads to one of several possible enforcement actions. These harsh actions include a tax lien, a IRS wage garnishment, a bank levy or seizure of assets.
The good news is that that the IRS recognizes it’s in their best interest to negotiate settlements with people who are genuinely interested in getting past their tax problems. In many cases extreme IRS actions can be avoided or reversed. In fact, individuals can often obtain settlements with the IRS where some or most of the back-tax obligation can be forgiven.
However, if you want to get the best and fastest resolution of your tax issues, it's wise to have a tax specialist or tax attorney on your side, to stand up for your rights, and help you get the best settlement possible.
One such specialist is a company called Professional Tax Care, Inc. They are regularly retained by both individuals and businesses to immediately step in to negotiate with the IRS.
How do companies like this help?
Wage Garnishments
Professional Tax Care is frequently called on to negotiate the release of wage garnishments by either arranging an installment agreement or filing an offer in compromise. The company can stop garnishment of wages usually within a week or less, allowing wage earners to receive their entire paycheck without fear of future wage garnishments.
Tax Liens
The IRS can also make life miserable by filing federal tax liens and bank account levies. Tax liens are public filings with the County Clerk in your county that often end up on your credit report, making obtaining credit and financing next to impossible. An IRS bank account levy is where the IRS sweeps bank accounts to collect taxes. Levies should be avoided at all costs and are usually the result of poor or no communication with the IRS. Professional Tax Care will negotiate with the IRS on their client’s behalf to release tax liens and bank account levies.
Settlements
But by far the most valuable thing that a company such as Professional Tax Care can do is to arrange a settlement with the IRS that is manageable for their client. With a settlement, people only pay the IRS what they can afford each month. For example: A taxpayer who owes the IRS $53,000 may be paying $50 per month and a taxpayer who owes $18,000 may be paying $700 per month. The amount owed does not matter, only what the person can reasonably pay.
And if the situation warrants, Professional Tax Care can also prepare and negotiate an offer to the IRS to have them accept the lowest amount possible as full and final settlement for all taxes, penalties and interests. The average settlement acceptance is 13 cents on the dollar.
So, regardless of whether you have gone years without filing taxes, whether you owe back taxes and penalties, or whether you have already been hit by wage garnishments and liens, Professional Tax Care can help.
Click here to find out about a free no-obligation consultation with the experts at Professional Tax Care.