It’s the 21st century, and we are living in a civilized age.Being the citizen of our respective countries, we do participate in their development. By paying taxes, we can strengthen the hands of our governments. In the United States of America, the federation is used to collect money through its tax administration unit called, Internal Revenue Service (IRS). Almost every American living and earning here has to pay certain taxes, and it is a legal obligation. Those who don’t take this matter seriously always face troubles.
It’s all governed by a Tax Law
Yes! There is a law enacted by the Congress, and it is called, “Federal Tax Law.” Technically speaking it has two components;
i) The Internal Revenue Code (IRC)
ii) Treasury Regulations (Federal Tax Regulations)
The later one is a document that offers official interpretations of the Internal Revenue Code. In addition to the federal taxes each of the states have its taxing system. So, for us, the “commoners” studying and understanding this document is near to, “impossible.” There is a class of lawyers for whom this document is just like the bible. Yes, we are talking about tax lawyers.
74,608 pages, 10Millions Words – It’s a Biggy!
Apart from being complex, complicated and knotty, the Federal Tax Code is a large document. It is something that will produce a big shit of papers if got printed. Yes! One time printing of the entire Federal Tax Code will take 74,608 pages. We are not trying to demotivate you keep going in case if you are willing to read whatever is written there. However, you are not going to get the things correct in first go. Twisted language and technical terms are enough for making it a monster – it isn’t lesser than one near us.
When did it start getting worse?
Well, in most cases and for most individuals it should have to be a simple and a straightaway thing. – The reality is different. Many people don’t give it the due respect and importance. Smaller negligence just like poor record keeping of the financial transactions and a delay in the filing of the federal income returns are considered “harmless” initially. But, the problem starts turning into a disaster when they are called upon by the IRS. Notices are served on them. Later its starts getting more and more tragic. Tough questions, increasing tax bills, fines and interest rates are a few issues only. In some cases, the IRS unilaterally proceeds with aggressive actions just like wage garnishments or by putting a lien on the property of defaulting taxpayers.
The Best Possible Remedy
Well, let us be very honest and clear. Being a taxpayer you have no other choice than to keep yourself aligned with the rules and regulations. However, for those who don’t have a good idea about these matters should seek a professional for getting the due assistance. The hiring of a tax law or attorney is all that you need. Wealthy individuals and businesses like to operate with having one or multiple lawyers in their team. Self-employed professionals and employed earners who usually found it difficult to invest a lot of money could consider outsourcing tax services according to their needs.
Being Served by a Notice?
IRS notices are perceived as a symbol of great distress and anxiety. In case if you are the one who just has been served with such an opinion than relax. There isn’t anything to worry about. Read whatever is written there. Sometimes, routine things are also received with a very negative approach. After ensuring, it is not something usual consider involving someone experienced and who comes with the required skills. In our view, it’s the time to bring in an IRS Lawyer. Don’t proceed with replying the IRS directly even if you are damn sure about the nature of the notice served on you. Whatever you are going to write will be considered, “official.”
The Benefits of Involving a Pro
There are several advantages of hiring a pro when it comes to the tax related matters. They come with a solid background in this field. Their learning, experience, and practice make them an ideal choice. Following are a few out of many benefits that you can anticipate;
- Errorless documentations, including the preparation of returns
- Handling of advanced tasks like filing of amended returns
- Their right of representing their clients before the IRS and courts
- A Tax Lawyer can help you in minimization of tax liabilities
- For businesses, their involvement can help with the complicated related matters
Looking for Free Consultation?
Tax Law Los Angeles is offering free consultation sessions over the phone. It is a firm that helped thousands of taxpayers in saving millions of dollars. So don’t waste your time! Call them now to learn about your hidden potential