As I become more educated about the Legal Tax issues so many Americans are facing these days, I have become firmly convinced that the only way to protect oneself is to have a good Tax Attorney on the back burner, just in case.
I saw on CNN that some folks were being penalized for things that they had claimed on their taxes th at they had NO idea were illegal. Uncle Sam sure does not care to listen to the I was ignorant of that particular tax code, sir" statements we may try to make should we become stuck by this event.
So there are two things every tax paying citizen should do with this years taxes, hire a good Tax Preparer and get your self the information on the best Tax Lawyer you can. And if you do get slammed by the IRS for back taxes, well trust me that Tax Attorney can get you help in the form of Tax Relief.
Your other choice is Wage Garnishment, lose of equity in your home or business and a HUGE debt that will be forever in the background of your life because the IRS does charge interest and penalties.
I knew a family who had this happen to them, a dumb mistake cost them a year of their lives and a lien on their home until the debt was paid IN FULL. It was hard to know if they had just been able to get a Tax Attorney, this may not have happened to them! Tax attorneys can help you with bank Levy's state taxes, and will even represent you should you be audited! What a help that is, emotionally and mentally to have someone who knows the tax law behind you during this event.
Folding and unfolding, the universe is origami
2 years ago