WARNING: Don't Push IRS Notices Aside, Hire a Professional to Settle Tax Debt

IRS tax notices of debt can come without warning, especially if you file your returns and make your tax payments on time. The funny thing about the IRS is the agency's ability to recalculate your taxes owed however they choose. The IRS can look at information you have filed over the years, deduce you owe them tax money, and in a final bit of irony - add penalties and late fees for the months or years the discrepancy went unnoticed.

At first appearance of this notice, you are most likely terrified or livid. Either way, it’s time to go to bat with the big boys and prevent the IRS from imposing hefty penalties fines, levies, liens, and wage garnishments in order to collect this newly found debt.

Get a move on

The absolute worst thing you can do with an IRS notice is toss it in a drawer to deal with at a later date. Time is of the essence, and you must act as soon as you receive a notice. Waiting can increase your debt daily. Worse, after ten days of a notice without a response from you or your tax attorney, the IRS can begin freezing your assets or seizure of your tangible property.

Call in the big guns

Hire a professional. Don't question your first impulse to contact an attorney, in this case you must. He or she can act as your advocate, negotiating down your debt or relinquishing it all together. Only a professional tax relief specialist can properly settle tax debt.

Gather the evidence 

Get all your ducks in a row by gathering any evidence to show you either don't owe the IRS a dime, or owe them less than they claim. Evidence will be previous and current tax returns, proof of exemptions, prior correspondence with the IRS, or previous tax debt agreements. This will provide your tax attorney with all the evidence he or she will need to support your claim. 

Get the monkey off your back

After reviewing your paperwork, your tax specialist will suggest the best plan of action for tax debt relief. This tax relief can come in the form of an affordable installment plan, applying for Non-Collectible status, an Offer in Compromise, for example. In the event your tax attorney reviews the evidence and finds you owe the IRS nothing, they will fight on your behalf to dissolve your supposed debt. 

If you need to settle tax debt, or need advice on how to begin battle with IRS, contact the professionals at Optima Tax Relief. Their attorneys have worked with individuals seeking tax relief vigilantly for over 25 years. It is important you contact Optima upon immediate receipt of a tax notice to stop IRS collection efforts immediately.