One of the many questions that we hear from our clients is in regards to how much they owe the IRS. Our tax lawyer in Sherman Oaks can help in finding out if they owe the IRS and how much.
Not knowing how much you owe will probably add stress to your life. However, it can be beneficial to know the truth, as some individuals simply want to know so they can start saving.
Tax Lawyer in Sherman Oaks in Knowing How Much You Owe
You can calculate your tax liability. From there, you can see if you even owe the IRS or if you will receive a refund. Now, if you think you owe a tax debt, you may contact our tax lawyer or the IRS to determine how much tax debt you owe.
Calling IRS can be challenging and time consuming. You can request tax account transcripts which will show your total tax liability including penalties and interest.
After knowing how much tax debt you owe, next step is to settle your debt. PLEASE ADD something here about settlement !!!Now, if you get a letter from the IRS, make sure not to ignore it. Call our tax lawyer immediately to know how to handle such notification. You must reply immediately to avoid wage garnishment or a bank levy.
If you receive a notification from the IRS regarding tax audit, you should call our tax lawyer to confirm the kind of tax return is being questioned. As soon as the auditor contacts you, you should only answer the questions being asked. Avoid divulging too much information. Unfortunately, it is difficult to keep a level head when you are stressed out. After all, a call or a visit from an IRS auditor can easily trigger some emotions that will cause you to talk a lot. For that reason, it is vital that you hire a professional to help you navigate the audit. When you hire our tax lawyer, you will not need to speak to an IRS auditor.
Our lawyer will represent you and talk to the auditor on your behalf. Doing so will prevent you from revealing too much information. The IRS can look at your returns in the last three years. However, it can look back further if it sees a significant error. For that reason, it is important that you keep records so that you have something to show during the audit.
It is not always necessary to hire a tax lawyer when you are notified of an IRS audit. However, it is vital that you work with a professional lawyer to help you navigate the audit successfully. Our tax lawyer in Sherman Oaks will prevent you from speaking to an auditor and avoiding things that may trigger another alarm. For more inquiries about your situation, please consult us at (213) 596-0265.