If you have been found to owe the government money for back taxes it is a debt that you can expect to stick until it is paid. Tax debt cannot be discharged through bankruptcy and once you reach a certain level of debt the government will put tax liens on your assets.

Putting a lien on someone's property is a process that is used to ensure that debts are paid. If someone puts a lien on your home you will be unable to sell or refinance the property until the lien is paid of. This helps the creditor ensure that they get their money at some point.

If you have had tax liens put on your assets in an attempt to collect past due taxes you might consider holding tax lien sales. Selling off any valuables and putting the money towards your debt is a great way to move forward.

It is important to remember that similar to bankruptcy, foreclosure will not help you escape your tax liens. The sale of a foreclosure that has a tax lien will take all of the income from the sale and use it to pay your tax debts.

There are solutions for debtors suffering with tax liens to help pay down debts and remove liens:

1. Payment plans - Even the US government will accept a payment plan. You will have to submit financial details proving your income and other details but once you complete the process payment plans are fine.
2. Lump sum pay-offs - Like any collection agency you can negotiate a lump sum payoff for your debts. This process takes a long 6-9 months but once completed you are debt and tax audit free.
3. Tax liens are good for 10 years - If the IRS puts a tax lien on your home it's only good for 10 years. After this time the lien expires.

IRS audits are a complicated process that can lead to a lot of confusing and time consuming processes. Tax lawyers in Chicago specialize in handling these situations and making sure they do all they can to help you pay your debts and get you back on your feet.

DISCLAIMER: All information on this website are provided for informational purposes only and are not intended to be construed as legal advice. Chang & Carlin shall not be liable for any errors or inaccuracies contained herein, or any actions taken in reliance thereon.

If you are a Chicago business owner you know that an IRS audit could easily happen to you. A significant number of audits are totally random while others occur because you have raised a red flag for the IRS. While this is rare, it does happen. When a business is being audited it is important to seek the legal services of an IRS tax attorney.

Your IRS tax attorney will review your case and determine how best to proceed. They will be able to speak about your case in an educated manor and they can confidentially represent you in front of the IRS.

Audits can be very overwhelming and stressful. The more support you have in your corner the more smoothly the process will go. It is also important to understand the difference between a IRS tax attorney and a certified public accountant that you hire to do your taxes. Not only does a tax attorney have more experience around the subject but your conversations with them are also safe thanks to attorney/client privilege. The same is not true for CPA's.

Most audits go smoothly and will be completed shortly after they start however, sometimes however your audit will necessitate a post-audit litigation. If the IRS is concerned about your actions and takes you to post audit litigation you absolutely need a qualified IRS tax attorney in your corner. Tax lawyers in Chicago are trained to handle your case against the IRS and fight for your rights.

When your business is going through an audit it is not the time to try and save money on legal representation. The offices of most tax lawyers in Chicago offer free legal evaluations. The beauty is that you can use this time to help determine if your attorney believes they can help you win your case.

The most important thing is not to go into an audit without the legal support that you deserve. Save your business and save yourself aggravation by getting the help of a legal professional from the beginning.

DISCLAIMER: All information on this website are provided for informational purposes only and are not intended to be construed as legal advice. Chang & Carlin shall not be liable for any errors or inaccuracies contained herein, or any actions taken in reliance thereon.