New York Tax Lawyer Steven Goldburd Reveals Common Questions Clients Ask When They’re in Trouble with the IRS – Manhattan, NYC
Jun 12, 2018
Top tax attorney Steven Goldburd, partner at Goldburd McCone LLP in New York, NY, has just revealed common questions clients ask when they’re in trouble with the IRS. For more information please visit https://www.goldburdmccone.com
New York NY, United States - June 12, 2018 /MM-REB/ —
In a recent interview, leading tax attorney Steven Goldburd, partner at Goldburd McCone LLP in New York, NY, was asked about the types of questions clients ask when they’re in trouble with the IRS.
For more information please visit https://www.goldburdmccone.com
When asked to comment, Goldburd said, “Receiving an IRS notice or letter in the mail can often be overwhelming for many. Understandably, my clients feel that they are completely in the dark about what comes next and tend to have several questions.”
One of the most frequently asked questions among Goldburd’s incoming clients is whether or not the IRS will seize their homes.
“The short answer is ‘yes, they could.’ In addition to levies and public sales, home seizures are just one of the tools the IRS uses to collect on tax debt. However, this is often seen as a last resort, and it would be a long process before your home is taken,” he added.
“This means that it’s vital to address IRS issues at an early stage before your case gets far enough along for your house to be seized,” Goldburd said.
Another reason to start earlier is due to how long it will take to settle IRS disputes, which is another common question.
“It is difficult to estimate how long a case will take. When dealing with a government agency it is important to remember that they are on their own schedule and no one else's. Often even very simple cases can run on for no other reason than internal government issues. That being said it is possible for a typical case to be finished between six and nine months for a settlement compromise and about 12 to 18 months to close the case. But that’s assuming that there are no appeals or no major delays,” he commented.
Goldburd added that it's essential to stay tax compliant during this time as non-compliance could negatively affect your IRS settlement.
Another question often asked by clients is how much their tax debt will be reduced through an Offer in Compromise.
When asked to elaborate, he said, “One of the programs offered by the IRS to settle tax debt is an Offer in Compromise. There is no hard and fast rule as settlements differ on a case-by-case basis. That is why I always tell my clients that the “Pennies on the Dollar” bits they hear on the radio are long shots. The IRS hates to give up on their own money and will only grant reductions of liabilities by percentage in cases that can really prove that this is a taxpayer’s last resort amount other than zero.”
However, depending on your tax situation, other IRS tax settlement programs could help you save even more money.
Goldburd added, “If you’ve received an IRS notice or letter in the mail, then the best thing to do is consult an experienced tax attorney who will determine the best IRS program to pursue and to answer any other questions you may have.”
Source: http://RecommendedExperts.biz
Contact Info:
Name: Steven Goldburd
Organization: Goldburd McCone LLP
Address: 42 W 38th St #901, New York, NY 10018, USA
Phone: 212-302-9400
For more information, please visit https://www.goldburdmccone.com
Source: MM-REB
Release ID: 357257
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