Dealing with tax issues can be one of the most stressful experiences in life.  Whether it’s a notice from the IRS, a mounting tax debt, or a complex audit, many people find themselves overwhelmed and unsure of how to proceed.  Recognizing when you need professional help, like what my firm, Marjorie J. Skidmore, CPA, provides, and understanding what a tax resolution specialist does, are crucial steps toward resolving your tax problems effectively.

Herein, we’ll explore how to know when you need a tax resolution specialist and how they help you regain control of your financial situation.

Signs You Need a Tax Resolution Specialist

If you’re unsure whether you need professional assistance, here are some common signs that it’s time to contact a tax resolution specialist:

1.    Receiving Notices from the IRS or State Tax Agency

If you have received letters or notices from the IRS or your state tax agency, it’s essential to address them promptly.  Ignoring these communications can lead to more severe consequences, such as penalties, interest, or even legal action.

2.    Facing Wage Garnishments or Bank Levies

When the IRS or state tax agency begins garnishing your wages or levying your bank account, it’s a clear sign that immediate action is needed.  A tax resolution specialist can help stop these aggressive collection actions and negotiate a resolution.

3.    Owing Back Taxes You Can’t Afford to Pay

I you owe more taxes than you can reasonably pay, a specialist can help you explore options like installment agreements or Offers in Compromise to reduce your burden.