Lubbock Tax Attorney
When it comes to financial services such as help with tax issues, some people think that they’re not hard to manage. The IRS experts at Lubbock tax attorney have seen many taxpayers struggle against the collection efforts used by government tax agencies to receive payment on a tax debt. While the IRS follows a standard protocol for all collection activities, it can still come as a surprise when a notice shows up explaining that an individual’s assets are frozen and about to be seized. A tax lawyer of Lubbock will provide assistance through their plan to halt all collections from any government tax agents.
When debt collection begins, a tax attorney Lubbock will begin explaining the options available to a taxpayer. Early in the process, tax debt can be settled without any significant negative consequences for an individual. If it is applicable, a tax professional will recommend methods of repayment that are put in place by the IRS. These may consist of one-time payments (occasionally at a fraction of the original balance), monthly payments or special considerations the IRS can award to a debtor that cannot afford to pay any portion of their back taxes. A tax lawyer Lubbock can determine eligibility for these programs through an analysis of a client’s finances.
If a client will not agree to a resolution option suggested by a tax attorney in Lubbock, or an agreement is made and then broken, the IRS can collect on debts owed through seizure of property. This action is preceded by a tax lien, which puts a hold on any funds that an individual has to collect on the tax debt if no efforts are made on the taxpayer’s part to settle their debt. A tax lien damages credit ratings, making this tax issue spread to other financial areas.
Tax liens are followed by any form of a levy, ranging from legal repossession of important material assets such as cars and houses to garnishment of wages. These actions can impact an individual’s ability to work, earn a steady income and provide for a family. Preventing this kind of consequence is a major concern for Lubbock tax lawyers and is the driving force behind the company’s tax debt resolution program.
When faced with any problems in life, the smartest approach to a solution is to accept the help of nearby experts. In the case of tax debt, Lubbock tax attorneys have the training to provide advice and assistance to anyone struggling with tax issues. Not only are the company’s services reasonably priced, they also offer a free consultation to taxpayers. This meeting will show an individual how a dedicated tax professional can quickly and accurately solve their problem. Call a Lubbock tax lawyer today and get the personalized help you need at affordable rates.