Taxation & Estate Planning

Sources of Tax Debt Help

By Darrin Mish

Dealing with tax debts can be a very complicated thing.  That is why it is important to be aware of the various options you can take to reduce or sometimes eliminate your debt.  There are free and there are paid options.  No matter which source of tax debt help you choose to use, it is vital to stay proactive when it comes to dealing with your debt issues.

The first source of tax help is a tax professional.  For instance, if you had your taxes prepared by tax professionals at the H&R Block, simply go back there to discuss your tax debts.  You can also go there if you prepared your tax returns yourself in order to have a professional review.  If you are self-employed, it is a very good notion to go and have your return looked at since the number of deductions you took could clearly lead to an incorrect return being filed.

The second source of help is a legal option.  Especially if you have a very high tax debt, you may consider engaging a lawyer.  One option a lawyer can help you consider is filing for bankruptcy to pay off or eliminate your taxes.  There are several distinctive types of bankruptcy you can qualify for, but there are strict rules in place to ensure that people don't abuse this option. Your lawyer can bring your case to court especially if you feel the IRS has assessed your case wrongly.  However, you have to take the first step towards making things right. The IRS will not hire a lawyer for you. Make sure you get at least an estimate of the legal fees before you start to ensure it is worth it to engage a lawyer.

Nowadays, you can find IRS help online.  But do make sure the websites you refer to are credible and actually run by people conversant with tax issues like tax attorneys or accountants.  The information you obtain online can be used for further research into your case.

Finally, you could use a combination of some or all three sources of tax help.  Use search engines like Google to find out the implications of your tax debt. If things get too complicated for you, do not hesitate to get professional help.  The crucial thing is that you take the initiative and do not let IRS notices pile up. Respond to them, understand your rights as an individual, and seek additional help if you feel it is necessary.

Darrin T. Mish is a veteran, nationally recognized tax attorney who has focused on providing IRS help to taxpayers for over a decade. He regularly travels the country training other attorneys, CPAs and enrolled agents on how to handle their toughest cases with the IRS. He is highly ranked among the top attorneys in the country, with an AV rating from Martindale-Hubbell and a perfect 10 on Avvo.com. Martindale-Hubbell has also honored him with a listing in their Bar Register of Preeminent Lawyers. He is a member of the American Society of IRS Problem Solvers and the Tax Freedom Institute. With clients on every continent but Antarctica, he has what it takes to solve your IRS problems no matter where you live in the world. If you would like more information about his practice and how he can help you, please call his office at (813) 229-7100 or toll free at 1-888-GET-MISH.

Sources of Tax Debt Help is a post from: IRS Tax Problem Solver Blog - IRS Help

Full post as published by IRS Problem Solver Blog on February 24, 2010 (boomark / email).