John E. Pytte Nov. 3, 2015

income taxWhen you are facing income tax debt in Savannah, you may feel like your situation is hopeless. The Internal Revenue Service (IRS) is very aggressive with their penalty fees and high interest rates. Even small tax debts can soon accumulate into enormous tax burdens when fees and penalties are applied.

Dealing with the IRS is intimidating. Even if you believe that the tax debt you are faced with is incorrect, the entire process is designed to make the individual feel helpless so that the IRS can collect as much money as possible. Many people even avoid this confrontation because of this helpless feeling. However, not dealing with the IRS and ignoring the situation will make matters worse.

Thankfully, there are ways to deal with this tax problem that will not cause you significant problems either financially or emotionally.

How Do Income Tax Problems Happen?

There are many ways in which a person can find themselves owing back income taxes. Some of these circumstances include:

  • Errors that were made on the tax form when filed

  • Incorrect filing status

  • Forgetting to file taxes for a specific year

  • Inaccurate reporting of income

Of course, there are many other issues or events that can lead to past due income taxes.

What Can Happen When You Owe Back Taxes?

If you are facing income tax debt in Savannah, you can expect the IRS to be very aggressive with their collection efforts. Some of these efforts may include:

  • Garnishment of wages

  • Seizure of personal property to be sold to cover debt

  • Seizure of bank accounts, retirement accounts, and other financial assets

  • Property liens against your home

  • Continuation of interest charges and penalties until debt is paid in full

The IRS is not lenient about collecting tax debts. If they believe that you own anything of value, they will seize the property and sell it at auction so that the proceeds can be placed towards your debt. If you have money in the bank, money in investments, or personal property of any value, any of this can be seized and sold to cover your taxes. The IRS can, and will, garnish your wages. This will continue until the tax obligation is paid.

What Can Be Done About Income Tax Debt?

If you are facing income tax debt in Savannah, the first thing you need to do is contact an experienced tax attorney who represents individuals facing personal tax issues. You will want to work with someone that understands the tax system and the IRS so they can protect you and your assets with a knowledgeable and aggressive approach.

When you hire an experienced attorney like John E. Pytte of GA Debt Relief to represent your case, you can expect that he will:

  • Review the tax years in question to determine if there was, in actuality, any mistake made

  • File any forms that need to be completed if a year was missed

  • Provide the IRS with factual information about any monies that may be due or explain why the IRS’ estimate of taxes due is incorrect

  • Provide evidence to support any tax deductions used or missed

  • Negotiate with the IRS to drop or reduce penalties and interest on the claim

  • Negotiate to have any wage garnishments prevented or stopped

  • Help protect your assets by arranging a repayment plan

  • Apply for an “Offer in Compromise” if it is determined that taxes are owed but there are no funds to repay the debt

Your attorney can also act on your behalf to stop any proceedings that have already been made against you by the IRS.

You do not have to face the IRS alone. Speak to an experienced tax attorney like John E. Pytte today and allow someone familiar with the laws surrounding income tax debt in Savannah to guide you through this stressful situation.