Tampa IRS Tactics Attorney

Tampa IRS Tactics Lawyer

The Internal Revenue Service (IRS) is a formidable federal agency that can take serious action against you if you have not paid your taxes. Minor errors on your taxes can result in penalties, and more serious and long-term errors or deliberately missed payments can result in more significant consequences. A Tampa IRS tax lawyer can help you address these issues and find the right solution for your unique situation.

The agency has numerous resources it can use to recover the taxes it is owed. Their action can cause you severe financial hardship and could even result in criminal charges if the IRS suspects tax fraud or evasion. Ignoring tax debt is the wrong choice. Instead, you need a skilled attorney to deal with tactics and penalties levied by the IRS.

Tax Smith Tax Attorneys: Protecting Taxpayers From IRS Tactics

The attorneys with Tax Smith Tax Attorneys have decades of experience in tax law. Our sole focus is on federal and Florida tax law, supporting taxpayers as they navigate their unique tax issues. We know how overwhelming and stressful it can be to deal with the IRS, and we want to help. We have helped many individuals deal with the financially draining tactics used by the IRS with compassionate and clear legal support, and we can help you do the same if you reach out to us.

What Tactics Does the IRS Commonly Use to Recover Unpaid Taxes?

There are several methods the IRS can use to recover back taxes from individual and business taxpayers. The IRS can use audits to discover discrepancies in your taxes, such as underpayment of estimated taxes or improper income information provided.

Late payments or underpayment will also result in penalties. These penalties and the gathering interest over time on your back payments will accrue over time if you do not address your debts. In severe cases, the interests and penalties can end up rivaling the value of your initial debt.

If you do not take action when informed of errors, the IRS can collect unpaid taxes in several methods, including:

Wage Garnishment

Wage garnishment occurs when a creditor, like the IRS, takes a portion of your wages directly from your paycheck. While many other creditors must get court approval to garnish your wages, the IRS does not need this. However, this does not mean you will have no warning. The IRS will only garnish your wages if you have received numerous notices of nonpayment and requests for negotiations and have ignored them.

The most the IRS can take from your paycheck is 25%. The IRS can also take a specific percentage from other forms of income, like Social Security payments. The IRS can take a portion from your paycheck until your debt is repaid or until you take steps to negotiate a payment plan or other resolution to your tax debt. Wage garnishment can be very stressful for individuals who rely on their paychecks to meet their basic needs in Tampa.

Bank Levies

A bank levy enables the IRS to remove funds from your bank account or accounts to pay the entirety of your tax debt. This is an extreme IRS tactic that is often a last resort. You will receive warnings prior to the levy being instigated and then a notice of when the account will be frozen. During this waiting period, and during the period of time when your account or accounts are frozen, it is crucial to take action.

If you do not, the account freeze will end when the IRS removes the necessary funds. This can be very financially straining. If no steps are taken, the account freeze will conclude with the IRS withdrawing the necessary funds, which can cause significant financial strain. Consulting a bank levy attorney in Tampa during this critical period can be invaluable.

Tax Liens

A tax lien is a claim by the IRS which is placed on your assets. This may include your home, other real estate, or other significant assets. This claim informs your creditors that the asset is collateral for the IRS. If you do not take action to negotiate alternate methods of paying back your taxes, then the IRS will seize the asset and sell it to recover the value of unpaid taxes. If you’re facing a tax lien, consulting a tax lien attorney in Tampa can provide crucial guidance. A skilled attorney can help you negotiate with the IRS, explore alternatives to avoid asset seizure, and work toward resolving the lien to protect your property and financial stability.

FAQs About Tampa, FL IRS Tactics Law

Can a Tax Attorney Negotiate With the IRS?

Yes, a tax attorney can negotiate with the IRS on your behalf and is often incredibly helpful in securing a beneficial arrangement. It’s important to ensure that the tax attorney you work with is properly licensed to represent you to federal agencies like the IRS. Working with these attorneys is useful if you have significant unpaid debt that you are unable to pay off or if the IRS is garnishing your wages or taking other actions against you.

Should You Talk to the IRS Without a Lawyer?

Whether you should talk to the IRS without a lawyer will depend on your unique situation, but it is typically within your interests to have a lawyer. Even if you do not enter negotiations with an attorney, you should discuss the situation with a qualified attorney beforehand, who can advise you on how to approach the negotiations for your unique situation.

Do I Need a Lawyer if I Get Audited By the IRS?

If you are audited by the IRS, you may want to work with an attorney who can help protect your rights and financial interests. By hiring a dedicated and licensed IRS audit attorney, you can protect yourself and/or your business from any misconduct by the IRS agent auditing you. The agent will always hold the interests of the IRS first. If there is anything amiss in your taxes, an attorney can help you negotiate a resolution or appeal the agent’s decision to protect your interests.

Why Do People Hire Lawyers When Dealing With the IRS?

Taxpayers retain lawyers when dealing with the IRS because the agency can be intimidating, and tax law is exceptionally complicated. Your attorney’s job is to understand these tax laws, the IRS’s tactics, and your rights when negotiating with the IRS, as well as to help you find the ideal resolution. Whether you are an individual or business taxpayer, an attorney can help you protect your assets and business, negotiate successful solutions to unpaid taxes, and ensure you understand your rights.

Work With Tax Smith Tax Attorneys in Tampa

The team at Tax Smith Tax Attorneys understands how overwhelming it is to deal with the IRS. We want to help you deal with your tax issues and get control of your finances and your future. If you have unpaid taxes or if you are already facing collection actions, it is crucial that you discuss your situation with our experienced attorneys. Contact Tax Smith Tax Attorneys today.