Tax Matters - The Top Tax Defenders Blog

Resolving a tax matter to your satisfaction can take a level of skill and finesse that you do not have. Rather than go up against the IRS alone, you need someone with experience, knowledge, and confidence handling tax disputes to help you. Protect your money and settle what you owe to the government by taking advantage of these five important benefits that come with hiring a skilled tax lawyer.

The new presidential administration has many small business owners wondering what to expect when filing taxes this year. You can prepare for filing your business's returns and also paying what you might owe the IRS by learning about some of the more important changes that lie ahead for the 2017 tax season.

Going up against the IRS can be a difficult if not impossible task. It has scores of attorneys, auditors, and agents on staff who all know the tax code and have the power to hold you accountable for any taxpayer infraction.

The IRS makes a point of collecting every dollar owed to the federal government. It combs through returns each year to ensure that taxpayers did not cut corners when filing and submitting returns. If your own return has been set aside for review, it is important that you use these five tips to survive an IRS tax audit.

You have the right to representation before the IRS. Depending on the specifics of your case, you may benefit by allowing someone to advocate for you and to take charge of complicated processes for which you lack skill and comprehension. While you do have the right to argue for yourself in IRS matters, you may find it more advantageous to allow one of the permitted representatives to assist you in your case.

Getting a letter in the mail from the IRS is not necessarily reason to panic. In fact, you most likely have very few reasons to fear what the letter communicates if you take the proper steps to resolve any issue the IRS has with your returns. If you think to ignore the letter entirely, you should be aware that disregarding it could result in serious legal and financial consequences.

The IRS allows cash-strapped taxpayers several different options to resolve their back taxes. They can either make an Offer in Compromise, or OIC, or they can request that their accounts be put in a Currently Not Collectible, or CNC, status. You can determine which of these options is best for your own delinquent tax situation by learning the basics of both choices.

People who owe the IRS money often find that they owe more than they can pay in one lump sum. Rather than allowing their wages to be garnished or their assets to be seized, debtors can now take advantage of one of the IRS' installment plans.

Taxpayers typically want to do everything in their power to avoid an IRS audit. Because the IRS is not entirely forthcoming about how some returns are chosen over others, it can be difficult for you to know how to audit-proof your returns.