In the United States 43 states impose income tax on the individuals. Many localities also have income tax. Other states have other form of tax on individuals, businesses and products. For example, in Alabama, a deck of playing cards has 10 percent tax. As such, it is estimated that there are about 1.2 million tax preparers in the US. This is according to the Cato Institute. Since most of the population pays their tax, it an IRS debt problem is not uncommon. Many people are in fact afraid of the IRS because tax is a serious matter in states where there are individual taxes. The most feared weapon of the IRS, for anyone who has serious IRS debt, is the tax levy. Called, a seizure, the IRS can levy upon the assets of the taxpayer. It can levy upon assets that are in his current possession or his assets that are in the possession of third party, such as banks and brokerage firms. Now if you are facing a problem with the IRS the best solution may be to hire an IRS tax lawyer. If you are not familiar with how an IRS tax lawyer can help you, here are the 4Ws and 1H of IRS tax lawyer.
What is an income tax lawyer or IRS tax lawyer? An IRS tax lawyer is a lawyer who specializes in tax problems. An IRS tax lawyer provides his legal services to anyone who has problems with the IRS. This includes individuals and businesses. Their main specialization is tax matters and tax problems and solutions.
Why should you seek the help of an Irs debt tax lawyer? If you have problem with the IRS, particularly debt problem, you should seek the help of an IRS tax lawyer. This is because he can help you go through with all the steps necessary to resolve the problem. This may include reduction of fines or preventing levy.
When should you talk to an IRS lawyer? You should seek the help of an IRS tax lawyer if your debt is more than $10,000. This is because if you owe the IRS less than $10,000 you can personally resolve the problem easily. If you owe the IRS more than this amount the ways are not as easy and you need the help of a professional to make sure that you do it right.
Who are the best IRS lawyers? The best Irs lawyer is one who has experience and good track record in handling IRS cases. It is best therefore to learn more about the Irs tax lawyer before hiring him. It is also a good idea to hire one from a reputable law firm.
How can and IRS tax lawyer help you? The lawyer can help you by investigating your case and then use the law to your advantage. Depending on your case, the lawyer will represent you legally and will ensure that whatever the result, it will be to your advantage.