Our experienced tax attorney specializes in tax debt relief, IRS offer in compromise, tax audits, IRS liens, payroll tax issues and more. Our practice areas include IRS wage levies, back taxes, FBAR issues, IRS payment plans, sales taxes, trust fund penalty and litigation in tax court.
What Are the Consequences of Ignoring Your Back Taxes?
Tax problems tend to become more complicated if they aren't addressed in a timely manner. Unlike most debts, a delinquent tax obligation can have a devastating and immediate effect on your finances. The IRS possesses robust collection tools such as tax liens, tax levies, and property seizures. To collect back taxes, the IRS may garnish wages or seize your bank accounts through bank levies.
The IRS imposes penalties for failure to file tax returns or pay taxes timely. In 2024 the annual IRS penalty rate on unpaid taxes was 8%. The Trust Fund Recovery Penalty targets small business owners who do not remit payroll taxes to the government. If you have recently received a notice of federal tax lien, a notice of intent to levy, or expect a tax audit, act swiftly.
Delaying action could lead to the IRS placing a tax lien on your personal or business assets. Once a tax lien is filed, it can significantly damage your credit score, hindering your ability to obtain business or personal loans or apply for credit cards.
Why is High-Quality, Cost-Effective IRS Legal Representation in Maryland Important?
The intricate nature of tax laws often leaves Maryland business owners and individuals uncertain about how to defend their rights against the IRS or state taxing authorities such as the Maryland Comptroller office.
High-quality legal advice is often out of reach of average taxpayers. Our mission is to offer exceptional, yet affordable, legal representation.
