Sunday, September 14, 2008

Tax Debt Attorney

Hiring a tax debt attorney was the last thing Mr. Stumblebum wanted to do. He had completed his personal income return himself using something from a box purchased at a local office supply house, but apparently the software didn't cover some issues the man had with foreign investments in Borneo. The man had wanted to start a much needed vacation with the family to a dude ranch in Wyoming, and instead the IRS was ready to put a lien on the house in three days if there was not an acceptable response from Stumblebum. The man was facing some serious issues, and now the man's back was in the corner. But a tax relief attorney was not in the picture until now.

Stumblebum looked through the phone book and came up with the name of a barrister that advertised the specialty of dealing with the IRS. The copy in the ad stated that in addition to his credentials, the attorney had staff people who were former IRS agents, and knew the system and the exise law inside out. The barrister agreed to come out himself and visit the poor guy and that afternoon Stumblebum began to realize the gravity of his situation. The lawyer began by reminding Stumblebum of three mistakes that many exise payers make. The first mistake the tax relief attorney reminded the guy of is procrastination. Stumblebum admitted that right away because this levy problem first surfaced two years ago, and when the guy got the notice, burying it in a bottom desk drawer was the action taken. "The firing pot is for silver, and the furnace for gold: but the Lord trieth the hearts." (Proverbs 17:3)

The second mistake the guy was reminded of was the mistake to try and represent himself to the government. Stumblebum had numerous contacts with the IRS when the letters kept coming like never ending missiles to the house, but had found the IRS a rather stoic and unsympathetic group of people to work with. Trying to keep the correspondence from a spouse can be wearisome, as the husband soon found out, but to his credit, the man wanted to keep worry from the family. The whole process became so tedious that Stumblebum finally gave up one day and spilled the whole story to the lady of the house and she had the good sense to advise getting a tax debt attorney. Making this whole thing go away became an obsession for the man, and now the importance of the vacation faded quickly.

The seasoned tax debt attorney began to show the poor guy the only IRS approved to get exise relief. The first way is to come up with an installment agreement approved by the IRS. The attorney told the man that this could actually be done himself by applying for an installment payment paid by at the same day each month. The exise payer can actually apply for a monthly payment that is agreeable to the taxpayer's household budget, but the IRS must agree to the amount. In this case, the tax relief attorney would not be needed if Stumblebum was willing to take on all the paperwork himself. The second way to have levy relief is to have a seasoned tax professional negotiate a partial payment of the entire amount owed the government, and then set up a repayment schedule of the agreed on amount. This method of debt relief allows the balance of the taxes to be dropped after partial payment is made and the partial payment plan is much easier to secure than the third method of exise debt relief.

The third way the helpful tax debt attorney told our man that relief could be found is through offering a compromise to the IRS. This method succeeds only sixteen percent of the time, and it is absolutely essential to have a tax professional such as a tax relief attorney represent the client in this process, which usually takes about twenty four months to complete. An attorney assisting in such an appeal will charge, in many cases, at least three thousand dollars and possibly quite a bit more, and the outcome is always in doubt. Stumblebum realized that this attorney seemed to be honest and trustworthy, not pulling any punches, and as a result thought that if this is the direction he would go, the process could be more tolerable with this attorney at the helm. One of the other pieces of advice from this professional was that Stumblebum should have a backup plan ready to go if the offer is refused by the IRS.

The final way that the tax attorney said our guy could have tax relief was to file bankruptcy and petition to have the levies dissolved with the other debt relief. While this particular solution was not the forte of this tax debt attorney, the information given was very helpful. Stumblebum could only ask for relief through bankruptcy if the levy filing was at least three years old, the return was filed at least two years ago, the assessment was at least two hundred and forty days old, the tax return was not found to be fraudulent and there was no evidence that exise evasion on the part of the filer. As the sun set in the western sky that evening, the man with his back against the wall and the seasoned tax professional were still trying to hash out a plan that would be beneficial for the man and his family.

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