People get IRS problems for the smallest things-neglecting to file taxes on time, not filling out the tax forms appropriately, rounding up the indicated income amounts, you name it. But perhaps the worst \”small\” thing a person can do that can get him into a lot of snowballing tax problems is to ignore a notice that lands on his doorstep. The IRS is reaching out to you: don\’t ignore them.

But what do you do when you open that notice and find out there\’s been an irregularity with your tax returns?

Respond Accordingly, and Fast

The particulars of the reason for the notice are detailed in the notice itself. From there, you can figure out what went wrong on your end and act accordingly. But beyond responding accordingly, you need to do so fast.

The IRS collects 15 billion dollars worth of penalties in a year. How? Most people see a notice, act on it, but not before the problem snowballs into a bigger one. A few non-payments could easily be increased by penalties and constantly enlarged by a 2% interest rate. This happens faster than the time it takes for you to realize what has happened.

This means at the first sign of tax problems, act fast. You can easily phone the IRS up and ask for the penalties to be waived in light of your taking appropriate and speedy action. This is the first step of the penalty abatement process you can undergo to help bail yourself out of the mess you find yourself in.

Befriend the Penalties Handbook

Speaking of the penalty abatement process, just how much do you know abut how penalties work, and your rights during the process? The Penalties Handbook can tell you everything you need to know about penalties, what can be penalized, for how much, and when. It also tells you your rights, as well as the steps you can take to alleviate the stress of the penalty process and to get out of it entirely, like setting up an installment or OIC.

You need to go beyond being well acquainted with this handbook-you need it to be your best friend in case of IRS problems.

Get a Good Dallas Tax Attorney

If the penalty is already upon you or you need professional, expert help or assistance, don’t hesitate to call up tax lawyers and see if you can hire one. And don\’t think that simply because you\’re getting a tax lawyer to help you this means that you\’re guilty. A man can\’t prove his innocence without a good attorney presenting his case.

There are a number of benefits to getting a Dallas tax attorney. For one, he knows the process from beginning to end the way you don\’t. And while filing personal tax forms can be easy enough, penalties-especially for business taxes-are a different matter altogether. He also knows you rights and how you can make the most of them. And best of all, he can help take away the pressures and stress of being under IRS penalty. Again, even if it\’s just for some assistance, getting a tax lawyer is a good idea. In a nutshell, when you receive an IRS notice of tax problems, you simply act fast, get to know the process, and get an expert to be at your side.

Author Bio: Seomul Evans is SEO consultant specializing in Attorney Marketing. Visit the sites to learn more about Income Tax Attorney forth Worth and Dallas Tax Lawyer .

Category: Legal
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