Tax Levy Attorney: Seek Legal Counsel When Faced With Mounting Debt?

When a taxpayer is served with a tax levy, it is generally a legal process that involves meeting court deadlines and providing evidence as to why the tax amount should be collected. In some cases the amount is not paid automatically but the action can be stopped in certain circumstances including bankruptcy and involuntary foreclosure. An experienced tax levy attorney will be able to stop these proceedings in an effort to help the taxpayers. For more details, visit www.coloradotaxattorneys.net/tax-levy-lawyer-loveland-co/.

Tax Levy Attorney

 

A tax levy can attach property to the property owned by the citizen. In some situations it can also attach real estate, automobiles, cash, jewelry or other items owned by the individual. Levy are completely different in that they usually involve seizing property or money which is owed by the taxpayer to the IRS. In order for the IRS to prove the liability of the tax payer, they must serve a levy on the liable party.

 

In order to stop the process the IRS must provide proof that there is a real threat to impose a tax lien. Evidence of this comes in the form of bank statements, credit card statements, or wages that show a consistent flow of income. The burden of proof to support a tax lien is on the taxpayer, not on the IRS. There are a number of factors which go into determining whether a taxpayer may be ordered to repay a tax levy including: the amount of income versus expenses; the nature of the assets owned; and the value of those assets.

 

There are several financial resources that can be used by taxpayers to raise the funds needed to pay off their debt to the IRS. Common options include creating a child support payment agreement, writing a personal loan to cover the debt, or opening a bank account to hold the money. If a tax levy attorney in Colorado is hired to defend a client’s property in court, it is important to ensure that all of his/her available financial resources are used in preparation for the defense.

 

It is always wise to seek legal counsel when faced with mounting debt. However, some people make the mistake of believing that bank accounts will not be involved in their defense. While a tax levy attorney cannot legally force the IRS to release property, a competent lawyer can argue in favor of a client in court and attempt to have the IRS return the funds. If the IRS refuses to return the property, the bank account can be seized as part of the tax liability on that account.

 

A tax levy attorney can also advise clients on how to resolve the situation before appealing the lien to the Superior Court of Bankruptcy. A bankruptcy ruling may not be sufficient to settle the case, especially if there was no real loss suffered by the client as a result of the bankruptcy. An experienced lien broker can negotiate a much fairer settlement between the debtor and the creditors, and help prepare the debtor for the appeal process.

Tax Law Attorney: Getting Away with Tax Fraud Charges Sans Circumventing the Law

Tax fraud by any means is an act that can land a taxpayer in serious financial trouble, said a tax lawyer expert in tax fraud. Tax fraud basically means cheating the government in an effort to intentionally evade paying the full tax liability. Common examples of tax fraud can include, but aren’t limited to: failing to file all kinds of tax returns. Not filing a check or ledger showing payments on income tax. Giving false information on a tax return.

 

In the United States, it is against the law to avoid paying taxes. Criminal tax fraud includes many different ways to commit tax fraud, including, misrepresentation about income, non reporting of profits, using a misleading tax code, using a tax shield, and making a false tax declaration. The penalties for criminal tax fraud can include jail time, fines, and in some cases, even death sentences. The IRS, which is the agency that punishes criminal tax fraud, has made some very stiff tax fraud penalties.

 

People who engage in tax fraud face serious criminal charges. One person may try to pay taxes owed to the government by using a business scheme. Another may intentionally fails to file a return to avoid tax owed. A person may also intentionally misidentify income or assets to avoid paying taxes owed. In any of these cases, if convicted, the person faces serious tax penalties.

 

There are other tax frauds that fall under criminal tax charges, such as tax preparer fraud. When a tax preparer does not provide services that are required by the Internal Revenue Service, such as preparing federal tax forms, the tax preparer commits a criminal tax fraud offense. criminally inclined tax preparers may also misrepresent information on tax forms or financial statements. With this fraud, the preparer obtains money from the government and runs up huge tax debts.

 

Another criminal tax fraud offense includes fraudulent billing practices. This includes using incorrect data in a tax filing or payroll preparation. Using incorrect information causes incorrect calculations and can lead to criminal investigation. This is particularly prevalent in cases involving federal tax fraud and payroll tax fraud.

 

In most cases, there are stiff penalties that apply to tax fraud. The most severe penalties include jail time, fines, and in extreme cases, the death penalty. Penalties for using incorrect information during filing and payroll preparation can be very high. Many states also have laws that allow criminal penalty for using false information during income tax returns and payroll tax fraud.

 

People may also face serious criminal investigation and prosecution if they willfully attempt to defraud the government. This includes situations where an individual or business purposely misquotes information on their tax forms or attempts to make their tax return inaccurate. When this happens, the person faces serious charges including aggravated fraud. This means that the person committed the crime willfully, deliberately, and reckless. Even when they successfully defraud the government, people who commit tax fraud face criminal penalties.

 

In order to protect against tax fraud, it is important that individuals take the appropriate actions when they become aware that they could be a victim. These include avoiding circumstances that would make them liable. Individuals should avoid making their taxes harder to pay by not claiming deductions and exemptions. They should also avoid intentionally misquoting or purposefully under reporting their income on their tax return. If someone is questioned about their tax status, they should only answer honestly and provide proper documentation.

 

By knowing how to avoid being a victim of tax fraud, individuals can avoid paying higher taxes. However, there are many circumstances that make it easier for someone to commit tax fraud. For example, some individuals may be more likely to commit tax fraud if they have special tax benefits that they are not supposed to receive. Others may also commit tax fraud if they work with a tax preparation company that they know will illegally change tax forms or adjust deductions that they are legally entitled to. By looking into all of these different circumstances, it becomes easier to prevent oneself from becoming a victim.

Tax fraud occurs in other states as well. Some tax fraud occurs when a tax preparer operates out of a residence, especially if that person is misrepresenting their residence state when actually working out of another state. Taxpayers can also be charged criminally in other states if they knowingly file false information on their federal tax return, which can lead to prison time. These types of cases can be very complex and often require the expertise of a tax fraud attorney.