Friday, August 20, 2010

Two Ways Sarasota Taxpayers Should NEVER Deal with IRS Problems

If you had cancer, who would you want to see first?

a) Nobody. I’ll go it alone.
b) a Nurse
c) a Doctor
d) an Oncologist

An Oncologist, right? Why? Because an Oncologist is a physician that specializes in the treatment of cancer.  Along that same line of thinking, if you had a problem with the IRS, would you go it alone?  Don’t believe for a second that reading a couple books, a website or a couple emails about “how to deal with the IRS” will prepare you to deal with the IRS if you owe them money.

The IRS has employees who make a career out of extracting money from people who owe taxes. They deal with it every day. They’re good at it. This is something you deal with once in a lifetime (hopefully).  Face it – you’re not good at it.  These people are trained to act like your friend and make you comfortable…and then use it to get you to say something you’ll regret.

You wouldn’t “go it alone” with a deadly disease – don’t go it alone with the IRS.

What about an accountant?
Most accountants spend 3 months out of the year dealing with taxes. They spend the rest of the time balancing books and preparing financial statements.
Just like having a good nurse can be a huge help to a cancer patient, a good accountant is a fantastic resource while you are still “in the clear” with the IRS. They can give you great advice on how to set up your personal finances and/or business finances to take advantage of legal tax breaks. But even the best nurse doesn’t have the power to prescribe the powerful medicines that are needed by a cancer patient – that right belongs to the Oncologist.

Once you’re on the other side of the IRS and no longer “in the clear” (in other words you failed to file or failed to pay), your accountant is not in a good position to help you fight the mighty power of the IRS. That alone is the job of a tax attorney specifically trained in dealing with IRS problems.
If you are “no longer in the clear” with the IRS, please call tax attorney Mary E. King to discuss your options.

Get IRS Help Now - Contact Attorney Mary E. King at (941) 906-7585.

Monday, August 9, 2010

Why You Shouldn't Be Comfortable With "Just a Tax Lien"

Have you developed a false sense of security?

Maybe the IRS placed a lien against your property as a “warning shot across the bow”, but you haven’t responded.

Sure, the tax lien can ruin your credit and make it virtually impossible to sell your house, but it doesn’t necessarily put a damper on your day-to-day finances.

Besides, the fact is – a tax lien doesn’t necessarily give the IRS what they really want…the tax money you owe them.

That’s when they start getting nasty…If you’ve been notified by the IRS either over the phone or by mail that you owe them, that’s all the warning you get.

The IRS can take your money if you don’t give it to them voluntarily.

If after contact, you don’t pay them completely and voluntarily - they have the right to take every penny that you owe from them…one way or another.

They don’t have to take you to court or sue you to get their money. If they’ve sent the collection notices and you’ve refused to pay or haven’t paid in full – that’s all they need to do.

That’s when it can get ugly:
  • They can dip straight into your bank account and take your money
  • They can garnish your wages or salary
  • They can take your social security, 401(k) or IRA’s
  • They can take any money owed to you – like accounts receivable or sales commissions
    Plus, they can seize your property:
  • Cars / Boats / Motorcycles / Homes / Vacation Property / Investment Property
They’ll do it too. Consider this… from 2005 to 2006, levies increased by 36%.
If you have an IRS issue and would like to discuss your options, please call tax Attorney Mary E. King at (941) 906-7585.