Lansing Tax Lawyer
Each year many Lansing, Michigan, residents get behind on their state or federal taxes. It’s fairly easy to make mistakes on your returns that lead to tax liability, especially as tax laws are often changing, you could have major life changes that can affect your taxes, and you could have changes in employment and income that can mess you up as well.
Tax liability can weigh you down, negatively affecting every area of your life. Get help managing your tax liability by partnering with a Lansing tax attorney at The W Tax Group.
Once you get a large tax bill, you can become overwhelmed when trying to figure out how you’ll pay it. Many people don’t know what the options are for paying their tax liability, so they might put it off, planning to address the matter later. A Lansing tax lawyer at our headquarters can help you to resolve these tax matters before it’s too late.
Why People Often Fail to File or Pay Their Taxes
The first thing you need to know is that you aren’t alone—millions of Americans fall behind on their taxes or don’t file their tax returns at all. This doesn’t make it okay, but it does show you that there are reasons that people get behind:
- You don’t file your tax returns because you are scared you will owe money and you don’t have the money to pay right now.
- You file your tax returns, but when you receive the bill, you don’t pay it right away. Time passes and penalties and interest accrue, making it even more difficult for you to pay your tax bill.
- You are sick or in the hospital and don’t file your tax return.
- You didn’t know how to file, so you put it off.
- A large tax bill arrived, and because you don’t have the money to pay the large sum, you put it off.
The above are only a few reasons. There are many more. Unfortunately, the IRS and the state don’t care a whole lot for your reasons. They want their tax money, and they will come after you for it. Fortunately, a lawyer can help you work with the IRS.
What Can the Government Do If You Don’t Pay Your Taxes?
The IRS and the state have many resources at their disposal for collecting unpaid taxes. You might have already received a demand letter, but they can do far worse than that. They can place liens on your property, garnish your paycheck, and take money out of your bank accounts.
In addition, the government can seize your personal property. They can take your boats, vehicles, and real estate. They won’t hesitate to use these tools to get your Lansing tax liability paid.
How Can You Resolve Your Back Tax Liability?
It’s easy for someone to say, “Just pay your tax liability, already.” In general, tax liability can add up to thousands of dollars very quickly, making it difficult for the average person to pay it off in one big lump sum. The IRS and the state have realized how difficult it is to pay off back taxes all at once, so they’ve created some options for taxpayers.
The first option you could consider is called an installment agreement. This is where you make monthly payments to the IRS or the state until your tax liability is paid in full. If you continue making your payments on time, the government won’t go after any of your property.
You could also be eligible for penalty interest abatement. This is a program the IRS and state offer in which they remove all or some of the penalties and interest on your tax bill, making it easier for you to pay them back.
There are other things that might help you to resolve your tax liability. Your Lansing tax attorney can assist you with choosing the right resolution process for you. Here are a few other ways your lawyer can assist you:
- Offer in compromise
- Currently not collectible
- Lien releases
- Levy releases
- Filing back tax returns
Reach Out to a Lansing Tax Professional
If you’re reading this, then you are probably ready to put your tax problems behind you. Making the decision to face tax liability is the first step. Now it’s time to take the second step of picking up the phone.
Call a Lansing tax lawyer to discuss your tax liability concerns today. We can examine your tax liability, your income, and your personal situation to come up with the best solution for you. To reach The W Tax Group and speak with a tax professional at our headquarters, call 1-877-500-4930. You can also reach a tax professional through our online form.