Sometimes a taxpayer needs some tax relief when they get caught in a bind with the government.
A couple of years back, a colleague of mine ran into a problem with the IRS. He had filed his tax return on time, received his refund, and thought nothing more of the matter.
And then the letter came -- 18 months later.
The IRS had gone back, examined his return, discovered he had totaled his care and had the remainder of his car loan forgiven because he had opted to buy the loan payoff insurance. He had never received any tax paperwork from the insurance company - and when the IRS did its calculations, he had been pushed into a higher tax bracket, lost some deductions and now owed several thousand dollars in additional taxes and penalties.
What do you do in such a situation? If you can, you pay -- but what if you can't? You face wage garnishment, property liens, bank levies, and ever-mounting interest and penalty charges. At that point, you need someone like Defense Tax Group to help negotiate a payment plan or a reduction in penalties and interest. It can be done, but it takes an expert -- because taxing authorities are not your friend in these cases. Because yes, you need to pay your taxes -- but there are ways to make doing so less burdensome.