- Law Office of Mayank Mohan
Benefits of Hiring a Tax Relief Attorney
Are you being audited by the IRS? Do you owe more taxes than you think you should? Do you need to hire a finance visa lawyer but don’t know if they provide a benefit? Resolving tax matters can require a level of expertise that much of the public does not have. Hiring a skilled tax relief attorney can save you money, time, and stress. It can ensure that you take care of your tax issues correctly, so you don’t need to worry.
Read on to learn more about the benefits of hiring a finance visa lawyer or tax relief attorney.
1. They have a vast knowledge of the tax code
The current federal tax code is over 1,500 pages and contains many rules and regulations. Most people do not have the time, interest, or expertise to read the entire tax code. A tax relief attorney not only knows the tax code thoroughly, but they also have the experience to understand and apply the tax code to all types of situations.
Additionally, tax attorneys stay updated on all the changes to federal, state, and local taxes. That way, you can be sure that you are always following the most up to date rules.
2. They can file your returns for you
A tax relief attorney can help you register any tax returns that you should send to the IRS. It could mean changes to the current year’s tax return, an amended return, or any other type of change.
They can help you file a late return, so you can trust that the IRS received it. Your finance visa lawyer can also fill out the forms needed to request an extension from the IRS.
3. They can offer payment as well as asset protection
Your tax relief attorney knows the measures you need to take so that your income together with all your assets are protected. IRS can garnish your earnings or put a lien on your home. Your attorney can protect you in these ways:
Setting up a payment installment plan with the IRS
Request that the debt you owe be listed as currently not collectible
Make arrangements to pay your debt using a credit card, money order, or any other method
Filing an offer in compromise to settle your debt
Any of these can safeguard your income and prevent your assets from seizure by the IRS.
A tax relief attorney will give you the peace of mind you need when working with the IRS.