Tax season is here, and it’s important to be prepared. If you typically struggle to complete your taxes, you may need to take some precautions to ensure that your taxes get prepared properly and on time. One of those precautions should be using a tax resolution service.
If you’re unsure whether you should hire a tax resolution service, this guide details the benefits of doing so to help you make an educated decision.
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1. Eliminate Interest and Other Penalties
You may have to pay interest and penalties on top of your tax debt. Tax professionals can negotiate for you and use the current tax code to your benefit to get these penalties and interest removed from your debt.
After negotiations are over, you may only owe the principal amount, thereby saving you a huge chunk of change. If you’ve never dealt with interest and penalties, these charges are responsible for keeping many honest taxpayers in debt.
Rather than let the IRS take more money on top of your current tax debt, you can hire a tax professional to help resolve this matter for you before it gets out of control.
2. Your Personal Advocate
Taxpayers have many benefits when they hire tax professionals to help with their tax issues. They can also get someone to represent them in their IRS proceedings. You can count on your tax resolution specialist to:
- Collect and submit the required paperwork during proceedings
- Respond to letters and make phone calls to the IRS
- During audits and hearings, speak on your behalf
- Help you file any tax returns that are past due
- Protect your rights as a taxpayer
For ordinary taxpayers, the idea of going up against an IRS auditor or agent can be a daunting prospect. The good news is that you don’t have to deal directly with the IRS. Instead, your tax specialist will handle such matters for you.
3. Avoid Levies and Wage Garnishments
The IRS has a lot of power and can claim your assets and money. Not only that, but the IRS does not need to obtain a court order in order to garnish and levy your income or property. It can also seize more property than is generally allowed in most states during an ordinary garnishment/levy case.
Losing the things you’ve worked so hard to acquire is another setback that you don’t want to risk. Moreover, you work hard for your current wage and can’t afford to let the IRS come in and chip away at it.
Hiring a tax professional can help you avoid losing your assets and income as a means to pay your tax debt. Your tax professional may be able to help you negotiate a payment plan, ensuring that you can comfortably repay your tax debt without placing financial hardship on you.
4. Get an Offer in Compromise
Tax professionals have the ability to understand the tax code for the current year and which loopholes exist in order to reduce taxpayers’ IRS debt. You may want to look into reducing your debt if you owe thousands or even just hundreds of dollars.
One common option that tax advocates assist with is getting an Offer In Compromise from the IRS. This allows you to pay a lower amount than what you currently owe, thereby effectively reducing your tax burden and making it far easier to get out of debt.
5. Enjoy Financial Freedom
Every time you hear from the IRS concerning your tax debt, it causes compounding anxiety and hardship in your life. Wouldn’t you like to be free from such burdens? Not only can a tax professional help you in getting the IRS off your back, but they can also work to help you enjoy true financial freedom.
Your tax professional will handle all IRS matters on your behalf so that you can enjoy your life again. If you are concerned about your tax debt, it’s time to take action. Don’t let it compound any longer; call a trusted tax specialist today and discover the joy of financial freedom.
Conclusion
Today’s tax professionals are ready and able to help taxpayers with IRS debts. These professionals offer many benefits to taxpayers who believe they can’t pay their taxes or get out of their debt. So instead of letting the IRS seize your assets or garnish wages, contact a tax professional today.
Soon, you will learn how to effectively manage your tax debt. And in doing so, you can experience the peace of mind that you deserve.
