Tax Debt Lawyer New Haven, CT
When you need to resolve a tax matter to your satisfaction, hiring a tax debt lawyer in New Haven, CT can be very advantageous. Any lawyer, as well as the IRS, will advise you to utilize a professional advocate with the knowledge, experience, and confidence needed to handle a tax dispute. If you are serious about settling your tax debt the right way, while at the same wish to protect your money, call The Law Offices of Ronald I. Chorches.
We Understand the Tax Code
At this time the IRS tax code spans across 1700 pages. There is important information throughout all of these pages, and if you miss anything or fail to understand certain parts, your case could be jeopardized. A New Haven, CT tax debt lawyer does know this code and has spent time researching and applying the laws to cases like yours.
If you don’t know the tax codes, as well as relevant state or federal laws, you should not risk your case. Call The Law Offices of Ronald I. Chorches to benefit from a knowledgeable tax debt lawyer in New Haven, Connecticut.
Get Protection from IRS Intimidation
IRS agents are typically very professional when talking with everyday taxpayers. In general, they will not make use of rogue threats or tactics as a means of getting you to pay what you owe. That said, you don’t want to risk your case against an agent who might want to employ intimidating techniques against you. A tax debt lawyer in New Haven, CT can protect you against the possibility of intimidation, threats, or miscommunication. Your lawyer can act as your advocate and representative in any meetings or calls. Your rights will be protected for the entire duration of your tax debt case.
Filing Tax Returns
If you need to file any tax returns, you can count on The Law Offices of Ronald I. Chorches to help you. The same applies to any tax returns that need to be amended and returned quickly. Should you need an extension for filing, your lawyer can complete the paperwork and request the extension from the IRS.
Act as an Intermediary
Speaking with the IRS can be overwhelming and intimidating. You might be unsure about the information you should give or what questions to answer. Rather than give any false information or accidentally incriminate yourself, a tax debt lawyer in New Haven, CT can speak on your behalf. Phone calls, letters, and other methods of communication can be made for you.
Payment and Asset Protection
Finally, a good tax debt lawyer will know how to protect your income and assets. This is important because the IRS can place a lien on your assets or even garnish your income in order to settle your debt. A lawyer may be able to safeguard your assets and money by:
- Filing for an Offer in Compromise
- Setting up an installment plan
- Request that your debt be placed in a Currently Not Collectible status
- Arrange to pay your debt through various payment methods
Dealing With Tax Debt: Do’s and Don’ts
If you owe money to the IRS and think you might need a tax debt lawyer in New Haven, CT, you are not alone. In 2021, the state of Connecticut had the highest tax debt in the United States. Your situation is far from uncommon, but that doesn’t mean it’s not serious. Tax debt can have severe consequences for you and your loved ones, especially if you don’t know how to handle it, so it’s important to take action and consult a lawyer right away.
Do Get a Tax Debt Lawyer
Dealing with tax debt can be intimidating and confusing for the average person with no legal knowledge. When you contact the Law Offices of Ronald I. Chorches, you can receive legal advice and representation from a qualified tax debt lawyer in New Haven, CT. Your lawyer can help you understand exactly how much you owe, what penalties you might face and what options you have.
Don’t Procrastinate
Ignoring communication from the IRS can be a costly mistake. If you have tax debt, you should reach out to a tax debt lawyer in New Haven, CT, as soon as possible to find out what steps you must take. Time is money when dealing with debt; if you wait too long, you may be subject to further penalties, so act quickly.
Do Leave the Communication to Your Lawyer
Attempting to speak with the IRS yourself may be unproductive or even counterproductive. You may not understand the information they give you, you may not know the right questions to ask, or you may give them too much information. The attorneys at the Law Offices of Ronald I. Chorches are skilled at communicating with the IRS and can ask the right questions and exchange necessary information on your behalf.
Don’t Panic
If you owe more money than you can afford to pay, you may feel as though there is no way out of your predicament. Fortunately, there is hope for your situation. A tax debt lawyer in New Haven, CT, can negotiate with the IRS to set up a payment plan for your debt or even get your debt reduced to an amount you can pay.
Owing money to the IRS is a complicated situation. A tax debt lawyer can help you navigate the process and achieve a more favorable outcome. Time is of the essence, however, so reach out to the Law Offices of Ronald I. Chorches as soon as possible.
When To Contact a Lawyer About an IRS Letter
If you owe taxes to the IRS, the first thing they will do is send you a statement in the mail. It is important to respond promptly, but it is also important to know the proper way to respond. The obvious solution may be to simply pay the bill; however, there are situations in which this is not possible or advisable. In these situations, a tax debt lawyer in New Haven, CT, can be very helpful.
You Can’t Afford To Pay
If you have just received a tax bill for an amount that you can’t pay, you may be concerned about the consequences. It may be possible to file an offer in compromise; this involves offering the IRS a lower amount, one that you can afford to pay, to settle the tax debt. It may also be possible to pay your debt in installments.
While there are ways to manage your tax debt, negotiating with the IRS without the help of a lawyer can be difficult. The Law Offices of Ronald I. Chorches can help improve your chances of success by communicating with the IRS on your behalf.
You Believe There Is an Error
If you believe the letter was sent in error or the amount is incorrect, contact a tax debt lawyer in New Haven, CT, right away. Do not ignore the notice, even if you believe there has been a mistake. You will need to clear up the matter with the IRS as soon as possible. Your lawyer can help you compile the documents and evidence you need to dispute a tax bill.
You Don’t Understand the Notice
A letter from the IRS may simply be a bill for taxes owed, or it may indicate another problem with your tax return, such as missing forms or inconsistencies in the information provided. Understanding tax codes and requirements can be challenging. If you are unsure, a tax debt lawyer in New Haven, CT, may be able to help you understand the content of the notice and what you should do about it.
You Have Ignored Previous Notices
If you have failed to respond to previous notices from the IRS, you may now be subject to further penalties. Ignoring a letter from the IRS is never a good idea, but even if you are now facing additional penalties, a tax debt lawyer may still be able to help you. Contact the Law Offices of Ronald I. Chorches without any further delay to speak with a lawyer about your options.
6 Top Penalties of Tax Debt
Some individuals intentionally fail to pay their taxes or are unaware of an overdue balance. If you’ve ever wondered how the IRS handles delinquencies, read further for six typical strategies they use to retrieve money owed.
1. You Could Receive IRS Letters
The IRS must alert you of your tax bill before you opt to use particular methods to pay off your debt. Although an abundance of letters is a minor annoyance, ignoring them can lead to financial consequences. A tax debt lawyer in New Haven, CT, such as Law Offices of Ronald I. Chorches, can explain why an urgent response is crucial.
2. The IRS Can Garnish Your Earnings
Your refund could be deducted from your earnings if you owe significant debt despite a payment agreement. However, it can lower your bill and also your interest over a period. Paying taxes on time can help you avoid an involuntary refund confiscation.
3. You Can Lose Money and Multiple Assets
The IRS can seize your assets and deem such as taxation. On the other hand, they accept payments in full or installments. A tax debt lawyer in New Haven, CT, can advise you on protecting your money and possessions. If your situation is urgent, you can schedule an appointment at The Law Offices of Ronald I. Chorches.
4. A Debt Collector Could Inherit Your Case
If the IRS fails to collect your debt within a few years, they may transfer your account to a private collection agency. During an active case, you could receive calls and inquiries as you would from other agencies. Therefore, failing to pay can result in years of frustration.
5. The IRS Could File a Federal Tax Lien
A federal tax lien can be filed against you if you receive a notice regarding your balance but fail to pay. Also, if you attempt to sell your property, creditors may take necessary action, which often benefits the IRS due to their entitled stake in your assets. In this case, a tax debt lawyer in New Haven, CT, may represent you and work to defend you against a hold.
6. A Revenue Officer May Visit You
Revenue officers collect tax debt when you have a negative balance. Since they have the authority and responsibility to issue levies, it would be wise to acknowledge their request by a projected deadline. Although they allow a specific period to pass before they visit, a prompt response is better than facing multiple penalties.
As you can see, taxpayers can face various consequences if they attempt to avoid paying their debts to the IRS. Remembering unfortunate scenarios can help keep your situation in order while working to remain in good financial standing.
Through managing any payment or settlement options, your assets and finances can be protected from seizure by the IRS. In the event you have a lien placed on your assets or your wages are being garnished, these collection efforts may be released. For the right solutions, contact a tax debt lawyer at The Law Offices of Ronald I. Chorches in New Haven, CT.