Nebraska Tax Attorney

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Tax laws are ridden with ambiguity, and it can easily seem like there is practically no right or wrong answer. Fortunately, a Nebraska tax attorney is trained to seek out the gray areas and form a formidable attacking front to deal with the intimidating procedures of the IRS. Admittedly, like all professionals, there exists a degree of variation in the skills and creativity exhibited by tax attorneys. However, delegating your tax commitments to an expert tax attorney will save a lot of hardship.

The tax law is defined as a system of laws that describe levies on codified economic transactions instituted by the government. Tax evasion or fraud occurs when an individual or business intentionally avoids paying federal, state, or local taxes through fraudulent practices. Some of these practices include overstating deductions or declaring lesser income, gains, and profits than truthfully attained. Tax evasion is a federal crime punishable by fines, prison time, and asset forfeiture, to name a few.

A professional tax attorney can help in filing tax returns to ease the tax liability and any issues that may crop up later. Complete tax preparation services are offered by several experienced tax attorneys found in Nebraska. A reputable tax professional may also offer electronic filing options. However, in the event of not honoring your tax liability, the IRS has the authority to levy income or assets and even seize bank accounts or impose wage garnishments. An IRS levy may result in a constant levy against the taxpayer's personal and business income, and may be attached with future paychecks until released.

IRS levies may be discontinued when an Offer-in-Compromise is pending with the IRS. Initiating an installment agreement with the IRS or filing for bankruptcy will also suspend a levy. The IRS also allows penalty abatement if the taxpayer is unable to pay the tax debt owing to circumstances beyond reasonable human control, such as in cases of continued unemployment.

Tax laws are complicated and change frequently. Average Americans have a difficult time deciphering the rules and regulations involved with appealing a decision or fighting a charge. When you owe the IRS money, it is not like owing a credit card payment; they have the tools and resources to get their money from you one way or another. They can seize your assets, garnish your wages or place a lien on your property. They can freeze your bank account and generally cause you a lot of heartache. They can also start a criminal tax investigation, even if you don't believe you've done anything illegal. On top of this, you can watch the fees on your account snowball into unmanageable territory.

A strong legal representation will prevent IRS coercion, intimidation and abuse. Seeking the guidance of an experienced tax attorney with relevant training and technical skill can help deal with adverse IRS agents. A tax attorney is better qualified to identify incorrect logic and can help negate erroneous factual determinations. Tax issues will be litigated in a tax court or the Courts of Appeals.

In recent Nebraska tax news, a dentist faced three years in prison for each count and fines of $100,000 for nine counts of tax fraud, as well as for money laundering, swindling, and wire and mail fraud. He made false representations of high-interest certificates of deposit and then he converted the investments to his own use.

Due to the proven error rate of IRS determinations and audits, the tax authorities are often willing to negotiate settlements in many cases. This leverage is available to the taxpayer if the agent uses incorrect or incomplete factual information. Possibilities for a settlement increases with the strength of the facts and argument presented by your tax attorney. A thorough knowledge of the relevant judicial precedents and legal technicalities will help the tax attorney raise the issues for litigation. An understanding of the IRS administrative processes also offers a distinct advantage, and this must be a key factor in choosing a tax attorney.