While consulting with an Atlanta IRS tax attorney is always the best option when it comes to dealing with back taxes, there are a few things worth considering in the meantime. Obviously, the easiest solution for dealing with back taxes is to simply file on time. When that is not possible there are some important things to consider. For example, it is always a good idea to ask for a copy of your tax transcripts from the IRS. This will help to identify W-2 reported income and will also indicate any back taxes that are owed.
In addition, it is a good idea to collect all your W-2s and any 1099 forms as applicable. Taxpayers should collect all bank statements and any other information that relates to income earned. Equally important is to gather any IRS publications or forms related to back taxes. The IRS website has easy access to tax forms, publications and any other type of form or document you may need. While preparing your own tax return is always an option, hiring an Atlanta IRS tax lawyer is sometimes a better option.
A Tax Lawyer In Atlanta
Today there are many options available for those who wish to do their own taxes in terms of easy to use software programs. Even with easy access to virtually any type of software imaginable used to deal with taxes, having the advantage of working with a tax lawyer in Atlanta can certainly make the process much easier. Most importantly, it is essential to pay off all taxes as soon as possible. This is in order to protect against liens, levies or assessments. Consider arranging an installment agreement if necessary.
In past years legislation was passed that encourages the Internal Revenue Service to accept installment payments from those who are late on taxes. It should be noted that even with an installment agreement the IRS could still file a lien against the taxpayer in the public records. This is another reason why it is always recommended to work with an IRS lawyer Atlanta taxpayers can trust. In many cases an attorney who specializes in Internal Revenue Service matters may be able to negotiate some type of compromise so that liens and levies on back taxes do not occur.
Finally, one little-known secret that can go a long way in taking the stress out of owing back taxes is to consider hand delivering to the IRS your tax returns in person. This eliminates the potential for lost tax returns because of a U.S. Postal Service or IRS mix-ups. When hand delivering a tax return it is good to always request an IRS stamp stating, “received” on the retained copy of your tax returns. This provides for protection and allows you to prove that you did indeed file your tax returns. These are just a few of the important things you should know as a taxpayer regarding back taxes. Contact The Gartzman Law Firm, P.C., an IRS attorney Atlanta residents depend upon.