You are in: Home > Taxes

Types of IRS Tax Appeals

23rd November 2009
By Chintamani in Taxes
RSS Legal RSS    Views: N/A

When the Internal Revenue Service move in on you personally or has targeted your business, the results can destroy you. The IRS has tremendous power to use on you.

In their arsenal, the IRS can impose a Federal Tax Lien. Banks will block you from opening any new accounts, you will have no hope of getting a loan of any kind, your property and assets could be seized, and your credit record will be scarred for a long time to come.

Then, there is wage garnishment. If the IRS decides to garnish your wages in order to collect a tax debt, imagined or actual, they can take up to seventy-five percent of your net earnings from you every pay period. They can also make assessment of liabilities and levy your property.

There is an appeal process for almost all IRS actions. If you dispute any action taken against you by the Internal Revenue Service, you are well within your rights to take your own action to redress the matter. In many cases you can ask for, and win, judicial oversight.


Tax appeals, however, can be difficult things that are not without their own peril. On the other hand, if an appeal is conducted properly, it can be the best solution for problems with the Internal Revenue Service.

You can appeal an assessment of tax, denial of installment agreement, levy actions, Internal Revenue Audit findings, assessment of Trust Fund Recovery penalty, wage garnishment, payroll tax assessments and many other Internal Revenue Service actions. In fact, almost any action the Internal Revenue Service takes against you invokes your right to appeal.

You have the right to appeal almost any Internal Revenue action in Tax Court.

Inaction is the worst response to the IRS. The IRS hates to be ignored. In fact, they will not stand for it. Immediately upon receiving notification from the Internal Revenue Service, you need to take action. Otherwise, the IRS will begin to apply their particular brand of collection strategies. The strategy will begin by immediately imposing very high interest charges to the debt they say you owe. These penalties and fines will continue to increase during all the time you owe.


You might want to look into hiring a professional tax resolution service to aid you in this matter. They can help you to file back returns and come to the best resolution over any unpaid tax debt, penalties, and fines you may have incurred with the Internal Revenue Service.
This article is free for republishing
Source: http://www.goinglegal.com/types-of-irs-tax-appeals-1244749.html
About the Author
Occupation: Tax consultant
Chintamani Abhyankar, is a well known expert in the field of finance and taxation for last 25 years. He has written many books explaining inside secrets of the magic world of personal finance. His famous Tax eBook “Stop donating your money to IRS” which is now running in its second edition, provides intricate knowledge and valuable tips on personal finance and income tax.
Bookmark and Share
Republish




Ask a Question about this Article

powered by Yedda