IRS Tax Debt
Tax time can be very positive for some people and it can be a very stressing time for others. That is because while some people end up getting a refund or not owing any money to the IRS, others are left with a large tax burden than can even lead them to bankruptcy to cover the expenses. Morgan & Morgan has experience assisting clients in tax relief via bankruptcy.
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Further Tax Relief Reading
How The IRS Tax Occurs
There are many reasons the IRS may come after an individual for tax reasons. If you filed an illegitimate tax return, then you may be at risk. Filing with fraudulent data will cause you to come up in the IRS radar and they will certainly come after you so they can get their money. At the same time, if you commit tax fraud, then they may come knocking at your door. Not only will these actions cause the IRS to come after you for owed taxes, but it can also result in other legal issues. On the other side of the coin, if you have a large amount of taxes due and you are unable to pay them, then the IRS can come after you for unpaid taxes. This is not only a burden on you but it will also cause financial issues for many years to come.
How to stop the IRS
The best way to stop the IRS is to prevent it from occurring. However, there are some cases where this is something that cannot be done. There are some forms of bankruptcy that can be filed that will stop the IRS levy for the taxes. If you are able to file for bankruptcy, the automatic stop that occurs as a result will cause the IRS to stop all collection activities until the bankruptcy is final. It can also wipe the tax debt clean on your record.
How The IRS Tax Occurs
There are many reasons the IRS may come after an individual for tax reasons. If you filed an illegitimate tax return, then you may be at risk. Filing with fraudulent data will cause you to come up in the IRS radar and they will certainly come after you so they can get their money. At the same time, if you commit tax fraud, then they may come knocking at your door. Not only will these actions cause the IRS to come after you for owed taxes, but it can also result in other legal issues. On the other side of the coin, if you have a large amount of taxes due and you are unable to pay them, then the IRS can come after you for unpaid taxes. This is not only a burden on you but it will also cause financial issues for many years to come.
How to stop the IRS
The best way to stop the IRS is to prevent it from occurring. However, there are some cases where this is something that cannot be done. There are some forms of bankruptcy that can be filed that will stop the IRS levy for the taxes. If you are able to file for bankruptcy, the automatic stop that occurs as a result will cause the IRS to stop all collection activities until the bankruptcy is final. It can also wipe the tax debt clean on your record.
Our Services
Further Tax Relief Reading
Client Testimonials
Client Testimonials
Consult an attorney if you are confronting the IRS.
If you are having issues with the IRS and they are demanding a tax payment that you cannot afford, then an attorney can help you through the process. Contact us if you are facing IRS tax issues. Our attorneys’ goals are to offer legal resolution to meet your individual needs. The law office of Morgan & Morgan is located in Athens, GA and the firm services clients in the surrounding counties including: Oconee, Morgan, Walton, Jackson, Hall, Barrow, Madison, Oglethorpe, Elbert, Hart, Franklin, Banks, Habersham, Greene and Stephens.
Consult an attorney if you are confronting the IRS.
If you are having issues with the IRS and they are demanding a tax payment that you cannot afford, then an attorney can help you through the process. Contact us if you are facing IRS tax issues. Our attorneys’ goals are to offer legal resolution to meet your individual needs. The law office of Morgan & Morgan is located in Athens, GA and the firm services clients in the surrounding counties including: Oconee, Morgan, Walton, Jackson, Hall, Barrow, Madison, Oglethorpe, Elbert, Hart, Franklin, Banks, Habersham, Greene and Stephens.