Top Business & Tax Lawyer Senen Garcia Reveals Answers To Common Questions When The IRS Come Knocking – Miami, FL
Feb 24, 2020
Leading tax attorney Senen Garcia, partner at SG Law Group in Miami, FL, revealed common questions clients ask when they’re facing an investigation with the IRS. For more information please visit http://www.sgarcialaw.com
Miami, FL, United States - February 24, 2020 /MM-REB/ —
In a recent interview, top tax attorney Senen Garcia, partner at SG Law Group in Miami, FL, revealed common questions clients ask when they’re facing an investigation with the IRS.
For more information please visit http://www.sgarcialaw.com/
When asked to comment, Garcia 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 from Garcia’s clients is whether or not the IRS will seize assets such as 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,” Garcia said.
Another reason to get on the front foot in Garcia’s experience is the time 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.
Garcia also made the point 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 experienced representation.
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” snippets 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.
Garcia 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: Senen Garcia
Email: Send Email
Organization: SG Law Group
Address: 2665 S Bayshore Dr #220, Miami, FL 33133, United States
Phone: 305-606-6139
Website: http://www.sgarcialaw.com/
Source: MM-REB
Release ID: 88947274
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