In 1861, the Revenue Act instituted the first federal income tax in this country. Since then, the tax process has gotten much more complicated. There are hundreds of factors taken into account when calculating the taxes you owe, and mistakes are bound to happen. If for some reason the IRS decides to audit you, the best option is to seek expert IRS tax debt help.
Dealing with tax debt can be much harder than the already complicated process of filing your taxes. The easiest form for filing your income tax is the 1040EZ, which comes with 33 pages of instructions. When filing your federal income taxes, your taxable income rate can vary from 10 percent to 39.6 percent. It is no wonder so many people struggle with Irs tax issues.
Modern technology has attempted to make filing your own taxes easier with online software and efiling. Online software gives you tax problem help by asking a set of relatively easy questions, and using that information to fill in the complex forms for you. However, this is not a fool proof situation, and does not protect you from IRS tax problems.
If you should find yourself in trouble with your taxes,you need to call for expert IRS tax debt help immediately. These professionals will be able to step in to determine what steps are necessary to prevent, stop or remove any wage garnishments, levies, or liens. This is important because the government can levy against assets that are in your possession, called a seizure. It can also levy upon assets in the possession of a third party,such as a bank or a brokerage house.
Experts in IRS tax debt help will know what the IRS is capable of, and will step in right away to makes sure the proper steps are taken to protect you. They will know information such as the IRS must go to court and ask a federal magistrate for permission in order to take a principal residence. This will ensure that you are not bullied before the proper steps are taken. In the mean time, the experts you have hired will work to devise a plan to resolve tax problems on a budget you can afford.
It is important to know your rights, and to seek IRS tax debt help when you are in need. Expert tax debt solution can make sure you and your assets are protected, and that you can reasonably pay your back debt without further harassment. Do not wait until it is too late to prevent major issues with the IRS, call for advice today. Research more here.