Tax Debt, NY Tax Attorney Service: Broadway Office
Tax debt can come in many forms. From wage garnishments to IRS tax levies, and plenty of things in between, the IRS has many tactics they use to make sure they are paid. The best way to keep the IRS out of your hair is to make sure they are paid in full each year, before the deadline. But, sometimes that just is not possible, and it can quickly turn into a much larger problem.
The first step the IRS usually takes is to assess penalties and interest the amount you owe, if it is not paid by the due date. The penalties can add up to 47.5% more money owed, over time. You can imagine how this can add up, and be a cause for more stress.
Another tactic the IRS may use is a tax lien, which goes on your credit report to notify other creditors about your IRS tax status. This can make it difficult for you to obtain any new creditors and to refinance any current credit you may have.
A few other IRS tax issues you may encounter are: unfiled or missing returns, an IRS seizure, unpaid/back taxes, delinquent payroll taxes for small businesses, or small business 1099’s. Just about any IRS tax issue you come across, we can assist you in getting the help you need.
At the Broadway office, we search for the best ways to combat the IRS in any situation. From the moment you call us, you will know you are in good hands. We take the time to listen to your IRS tax issues and find you the right tax specialist for your needs.