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Why You Need An Attorney When You Owe Back Taxes

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The IRS handles the collection of federal taxes from everyone in this country. When you owe money, they will notify you about the debt. They will tell you how much you owe and when it is due. If you do not pay your tax bill, you can end up with major consequences. If you are in this position right now, you may want to hire a tax attorney for help. Here are some of the reasons you need an attorney's help when you owe back taxes.

The IRS Will Not Forget About the Debt

The first thing to understand is that the IRS does not forget about debts. They will not give up trying to collect the money they are owed, and they will continue to notify you until you pay the debt in full. Some debt collectors eventually give up trying to collect money from people, but the IRS does not give up. They will send you letters until you pay, and they will continue to add fees to your balance. As a result, your balance will continue increasing over time, unless you pay it.

A Lawyer Can Help You Learn Your Options

Hiring a lawyer is a great idea because tax lawyers know the options for handling back taxes. Your lawyer will examine your debt to make sure it is correct. If it is not correct, your lawyer will notify the IRS to correct the amount. Secondly, lawyers help people use offers in compromise (OICs). An OIC lets you settle a tax debt for a lower amount. The IRS does not always accept OICS, but there is a better chance they will accept yours if it comes from an attorney's office.

You Could Face Serious Consequences by Ignoring the Debt

Finally, it is vital to know that you can face serious consequences if you ignore the debt. The IRS can garnish your paychecks to collect the money you owe them. They can also place liens on your house. The IRS can use many methods to collect the money you owe, and they will if you continue to ignore the debt.

As you can see, ignoring a tax debt is not a smart move. The debt will not go away. If you need some help with your tax debt, contact a law firm that specializes in taxes. A tax attorney can help you avoid harsh consequences and find a way to pay your debt.