Tag Archives: corporate back taxes lawyer
When your taxes pile up and you do not file them, IRS will send you a “notice of intent to levy”. After receiving this notice you have time of 30 days after which the revenue agency begins to seize your assets. It will continue to do so until the amount of the assets covers the taxes owed including interest and penalty. This is a very scary scenario and one that you can avoid.
As soon as you receive the Notice, take action. It is a kind of last warning. Hire a Colorado tax debt attorney to help you. The tax debt attorney will negotiate with the Revenue Agency to stop the tax levy. The Colorado tax debt attorney will also work to finalize an agreement with the IRS.
A few of the ways in which your tax levy can be stopped are:
(i) Payment of all taxes, interest and penalties in full
(ii) Sign an Installment Agreement with the IRS
(iii) Sign a Partial Payment Agreement
(iv) Submitting an Offer of Compromise
(v) Prove that the levy will cause you financial hardship
These are the ways in which an IRS tax debt attorney can help you. Following the advise of the Colorado tax debt attorney will stop the levy.