Best Of Tax Attorney Help Irs Overcharged Tax Penalties And Interest 2023

Tax Resolution Expert, Attorney Lance Drury, Says Getting Too Creative with Claims Could Cause from www.lancedrurylaw.com

Tax Attorney Help IRS Overcharged Tax Penalties and Interest

Introduction

Dealing with the Internal Revenue Service (IRS) can be a daunting task, especially when you have been overcharged on your taxes. This is where a tax attorney comes in handy. Tax attorneys are experts in tax law and can help you navigate the complicated tax system. In this article, we will discuss how a tax attorney can help you when the IRS overcharges you on tax penalties and interest.

What is Tax Penalty and Interest?

When you fail to pay your taxes on time, the IRS imposes penalties and interest on the unpaid amount. The penalties and interest add up quickly and can make it difficult for you to pay off your tax debt. The IRS charges a penalty of 0.5% of the unpaid tax amount per month, up to a maximum of 25%. The interest rate is currently set at 3% per year.

How a Tax Attorney Can Help?

A tax attorney can help you in the following ways:

1. Negotiate with the IRS

A tax attorney can negotiate with the IRS on your behalf to reduce the amount of penalties and interest charged. They can argue that the penalties and interest are excessive and request a reduction.

2. File an Appeal

If you disagree with the IRS's decision, a tax attorney can file an appeal on your behalf. They can argue that the penalties and interest were not justified and request a reduction.

3. Settle Your Tax Debt

A tax attorney can help you settle your tax debt with the IRS. They can negotiate a payment plan or an offer in compromise to reduce the amount you owe.

4. Provide Legal Representation

If the IRS takes legal action against you, a tax attorney can provide legal representation. They can defend you in court and argue your case to reduce the penalties and interest charged.

Conclusion

Dealing with the IRS can be a stressful and overwhelming experience, especially when you have been overcharged on tax penalties and interest. However, with the help of a tax attorney, you can navigate the complicated tax system and reduce the amount you owe. If you are facing tax penalties and interest, it is advisable to seek the services of a tax attorney to help you resolve the issue.

Share :