When the Internal Revenue Service announces help with tax debt, it is usually an indication of an impending audit. The agency has a great deal of resources at its disposal when it comes to resolving tax issues, but there are also some tax attorneys who can provide guidance on how best to handle potential tax audits and other situations.
When the Internal Revenue Service announces help with tax debt, it is usually because it is preparing to conduct an audit. An audit is a preliminary examination of your financial and personal information to determine whether you owe the appropriate tax amount to the IRS. The process of conducting an audit can take anywhere from two months to several years, depending upon the complexity of your financial situation.
When the Internal Revenue Service announces help with tax debt, it is often to remind taxpayers that there is an audit going on. This is not a sign that you are under investigation for tax fraud or that you are expected to pay any money until the audit is complete. The statement can also be made in order to give you a warning of what can happen if you do not make the necessary payments. In addition, the agency can also use it as leverage when attempting to obtain additional information about you.
You should never pay any money towards an audit, no matter how urgent the situation. If the IRS has asked you to pay any kind of tax that is more than ten percent of your total income, you should immediately seek legal counsel regarding the matter. There is nothing wrong with paying money towards the fees of your attorney, as this is an act of payment and is protected by the FDCPA.
When the Internal Revenue Service announces help with tax debt, it can be seen as a good sign for you if you pay attention to other financial signals. If you find yourself in a situation where you owe more money than you earn each month, it might be a sign that there is an issue with your finances. The best way to learn how to avoid the common problems associated with tax debts is through a consultation with a professional tax attorney.
The Internal Revenue Service has resources available to help you resolve your tax debt issues. Taxpayers should be aware of these resources and take full advantage of them.