Mount Laurel, NJ: When it comes to IRS, Do It Yourself Won't Do It

By
Industry Observer

3 Instances, when hiring a tax relief professional is the only way to go.

When it comes to your money, there’s only one person that truly has your best interests at heart - and that person is looking back at you in the mirror. Handling your own finances and making your own decisions can give you peace of mind and help you avoid a costly mistake.

 

There is a lot to be said for the do-it-yourself approach to your money, yet the go it alone path does have its limitations, especially when it comes to the IRS and back taxes.

 

#1 You Just Received a Major Windfall

Even if you know how to handle your finances, receiving a major windfall can throw your plans for a loop. Whether you are the lucky holder of a winning lottery ticket or the recipient of a major inheritance, it pays to seek outside advice.

 

If you choose the DIY approach and make a mistake, you could end up paying more in taxes than you should, but a high tax bill is not the only danger. Handling your windfall the wrong way could throw off your asset allocation, impact financial aid for your college-bound children and create additional problems down the road.

 

#2 You Have Existings Tax Problems with the IRS

When you have issues with the IRS, you absolutely cannot afford to go it alone. Attempting to resolve tax issues on your own is unwise in the extreme, and a single slipup could leave you on the hook for even more. I mean, ask yourself if you would go before a judge in court without a lawyer representing you?  Probably not.  It’s the same here.  Representing yourself before the IRS is generally not a good idea.  Don’t do it. You most likely will get “creamed”!

 

If you have been receiving notices from the IRS, time is of the essence, but you should not let the desire for fast action override the need for professional help and guidance. 

 

#3 When You Have Assets You Need to Protect

When you owe back taxes, the IRS only cares about one thing, and that is to get paid what they think you owe them.

 

They’ll levy your bank account, emptying everything you have in there. If you run a business, that means you won't be able to pay your employees, pay your office rent or keep your lights on, ultimately putting you out of business.

 

If you or anyone you know of need back tax help from IRS, call us today for tax relief at 973.840.7350 and meet with me. There are resolution alternative like offer in compromise, installment agreement, penalty abatement and currently not collectible, CNC.

 

Fanta Kaba

OnPoint Resolution LLC

309 Fellowship Road, suite 200

Mount Laurel, NJ 08054

Tel. 973.840.7350

Fax. 347.344.6942

www.OnPointresolution.com

onpoint@onpointresolution.com

 

 

 

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