Facing Tax Problems? Seek Professional Help

Written by Abby. Posted in Philadelphia tax attorney, Tax lawyer in philadelphia, Tax lawyer philadelphia

Philadelphia tax lawyer

Taxes, unfortunately, are a necessary part of life and they have a long and established history: the first federal income tax was actually adopted as part of the Revenue Act of 1861. Failure to pay your taxes can have very serious ramifications. If you are in tax trouble you will likely want to consult a tax professional, such as Philadelphia tax attorney, also known as a Philadelphia tax lawyer.

A tax lawyer Philadelphia or tax attorney philadelphia can provide you with detailed investigation of your current tax liabilities and can help you to determine how to prevent, stop or remove any wage garnishments, levies or liens. For taxpayers in serious debt to the IRS, the most feared weapon in the IRS arsenal is the tax levy. The IRS can levy upon assets that are in the possession of the taxpayer, called a seizure, or it can levy upon assets in the possession of a third party, a bank, a brokerage house, etc. Though, in order for the IRS to levy a personal residence, they must first go to court.

A tax lawyer philadelphia can also help you to broker an installment agreement, a program that allows a taxpayer to pay off their outstanding tax liabilities. If you are considering this kind of agreement, it is important to note that there are several different kinds of installment agreements. A tax lawyer in Philadelphia can help you to determine whether an IA is appropriate for you situation and if so what kind. Overall, if you are facing tax problems it can be wise to contact a tax lawyer Philadelphia.
Read more like this: philadelphiataxattorney.org

Never Fall into the Hole of a Levy

Written by Abby. Posted in Tax attorney philadelphia, Tax lawyer in philadelphia

Tax attorney philadelphia

An interesting fact to know about peculiar taxes would be that Alabama has a 10 cent tax on playing card decks. The American Colonies were subject to taxation by the United Kingdom before 1776. Federal tax rates vary from 10 percent to 39.6 percent of taxable income. A seizure is when the IRS levies upon assets that are in the possession of the taxpayer or upon assets in the party of a third party such as banks, lenders, a brokerage house and so on. The tax levy is the most feared penalty the IRS can deliver for taxpayers in serious debt to the IRS. The need for a tax attorney Philadelphia might be the difference in saving your assets and losing everything. In the event you foresee some tax trouble ahead, even if you are unsure, it might be wise to start checking out your options for a tax attorney Philadelphia.

The first thing to do would be to look for a well respected and experienced Philadelphia tax lawyer or a law firm that handles tax litigation on a regular basis. These Philadelphia tax attorneys will have enough cases under their belt to have a complete understanding of how to handle your situation as well as any legal issues that has to do with your taxes. In order to give yourself the best chance to come out on top of this situation, you need to be sure that the tax attorney Philadelphia can confidently take your case and make sure that they have a professional approach to handling the case. Take the time to speak with a tax lawyer Philadelphia who can give you some insight on how to properly handle the case because, for example, it may be the case that you find another tax attorney Philadelphia and decide they deserve to represent you. The knowledge you pick up through conversation and consultation with any tax attorney will be good knowledge to carry forward. More info like this: philadelphiataxattorney.org