| Knowledge is power when battling the IRS - the most | | | | liens, wage garnishments, penalties, fines and even jail |
| brutal and ruthless collection agency on the planet. To | | | | time for tax fraud. |
| make things more urgent, IRS enforcement is only | | | | The sad part of procrastinating and having unfiled tax |
| getting more aggressive - raising the stakes to a new | | | | returns is that people who fear taxes may actually be |
| level. And falling for common tax relief myths can | | | | missing out on some tax relief including refund money |
| endanger your wealth, health and liberty. You owe it to | | | | that would rightfully be theirs. According to the IRS, 1.3 |
| yourself to learn the reality of these myths. And you | | | | million individuals who failed to file a tax return in 2004 |
| don't have to get to the bottom of these all on your | | | | left a total of $1.2 billion in unclaimed refunds. Half of |
| own. Getting the right help from an IRS tax attorney or | | | | those nonfilers would have received a refund of more |
| Certified Tax Resolution Specialist is key so you don't | | | | than $552. Some also may have been eligible for the |
| have to decipher the difference between fact and | | | | refundable earned income tax credit. If the idea of filing |
| fiction on your own. | | | | all those delinquent tax returns gives you crippling |
| IRS Myth #1 - Once the IRS creates a substitute | | | | anxiety, get a tax professional to get you the relief |
| return for an unfiled tax return, you're toast: First of all, | | | | (and the mental release) you deserve. |
| regardless of whatever tax relief myth you've heard, | | | | IRS Myth #5 - You're broke and out of work so you |
| you have the right to file your original return, no matter | | | | can't pay the IRS: The IRS myth that could be the |
| how late. If you have failed to file taxes in the past and | | | | most costly hits the people who need the relief the |
| feel like the IRS creates a substitute return, there is | | | | most. If the Great Recession has hit you hard, you |
| relief available. The average client seeking IRS tax | | | | may feel that dealing with the IRS when you need |
| relief who visits an income tax attorney or Certified | | | | income tax relief is the worst thing you could do. After |
| Tax Resolution Specialist has four to eleven years of | | | | all, the IRS jumps ahead of all creditors and has the |
| unfiled returns. To get the best results, a good tax | | | | power to garnish wages, levy bank accounts and |
| professional should represent you before the IRS to | | | | more. But even the IRS knows it can't squeeze |
| get you the tax relief you deserve and help you turn | | | | income tax money out of a stone. If you owe IRS |
| your financial life around. | | | | back taxes and you've been hit by hard times, this is |
| IRS Myth #2 - Filing a tax extension protects you from | | | | could be the ideal moment to contact the IRS in order |
| aggressive IRS scrutiny: A tax extension is not IRS tax | | | | to have your tax attorney to negotiate an Offer in |
| relief! According to most tax attorneys, this myth | | | | Compromise. Now you have the leverage to reduce |
| causes the most trouble. What many people don't | | | | or in some cases eliminate your tax debt based on |
| understand is that filing a tax extension just puts off | | | | your current ability to pay. That means being out of |
| the inevitable, because it's not an extension of time to | | | | work and heavily in debt has one silver lining. Talk |
| pay, it's just an extension of time to file. In this tough | | | | about relief, you might be able to get your IRS back |
| economy, many people are living from paycheck to | | | | tax debt down to zero. |
| paycheck, but the tax relief starts with playing by the | | | | IRS Myth #6 - Your chances of an IRS audit depend |
| rules. Any Certified Tax Resolution Specialist will tell | | | | on when you file: These days there is no sweet spot |
| you that no matter what you believe about IRS tax | | | | filing date that ensures you won't get audited. The date |
| relief, the most important thing to do is be prepared to | | | | you file your tax return has very little impact on |
| file your return on time, even if you don't have the | | | | whether you get audited. Being audited has more to |
| money to pay your IRS back tax bill. If you can't afford | | | | do with the type of return you file. If you list lots of |
| to pay your IRS back taxes, you can still file your | | | | suspicious deductions, you'll get audited. If you declare |
| taxes on time and save 25% on the failure to file | | | | outlandish business losses, you will be audited. If the |
| penalty right off the bat. Saving 25% on your IRS back | | | | income the IRS says you've gotten (from W-2s and |
| tax bill for the cost of a stamp is the kind of income | | | | 1099 forms) is less than the amount on your return, |
| tax relief that anyone can get behind. | | | | you will get audited. If your name is Willie Nelson or |
| IRS Myth #3 - You have to pay your IRS tax bill in full: | | | | Wesley Snipes, you WILL get audited. If you're in |
| The average taxpayer also may not know that the | | | | trouble, income tax relief won't come from a magic |
| IRS offers help with payment options for struggling | | | | date. You'll get satisfaction from hiring a good income |
| taxpayers who can't afford to pay their tax bill in full. | | | | tax attorney or Certified Tax Resolution Specialist to |
| Most Certified Tax Resolution Specialists will warn you | | | | work their magic. |
| that setting up an IRS payment installment plan can be | | | | IRS Myth #7 - You need to owe big bucks before you |
| the most expensive way to handle your IRS back tax | | | | should hire an income tax attorney or tax resolution |
| debt because you are paying the full amount owed | | | | specialist: This IRS myth can really cost you, lots of |
| plus interest plus fees. A good income tax attorney | | | | money and, in some cases, your freedom. Beyond |
| can reduce your IRS back tax and IRS penalty debt | | | | simple tax relief, any time you are facing potential |
| burden, in some cases giving you the ultimate tax relief | | | | prison time, you need professional tax help from an |
| by eliminating your tax burden entirely. | | | | experienced Certified Tax Resolution Specialist. Since |
| IRS Myth #4 - You don't file your taxes because | | | | the beginning of our democracy when you faced the |
| you're a lazy or you don't care: The most destructive | | | | government you had the right to have someone |
| myth is the one that eats us from the inside. Late filers | | | | represent your interests. Tax relief is no exception. |
| have a lot of guilt because they believe that their lack | | | | Remember that the tricky part about owing the IRS |
| of income tax filing is a result of laziness. We all know | | | | money is that when they ask you to pay up, you may |
| that everyone procrastinates to some degree, | | | | end up owing them more than just your back taxes! |
| especially when it comes to filing their taxes. But most | | | | Hiring an income tax attorney can help you save more |
| tax procrastination isn't caused by laziness - it is often | | | | than just IRS penalties, so even if you think you can't |
| caused by anxiety. Procrastination can be paralyzing, | | | | afford it, a Certified Tax Resolution Specialist can save |
| and it can be detrimental to your overall financial well | | | | you money and make sure you get out of IRS debt |
| being - especially if you have unfiled returns or owe | | | | for good. |
| the IRS back taxes, which exposes you to IRS audits, | | | | |