When encountering difficult financial times, it is common for people to fall behind on all of their debts.Those debts may include the mortgage,credit cards and income taxes.The IRS puts fear in people's hearts for a good reason.The government is powerful and can be demanding without regard for your circumstances or the hardships you are currently undergoing. The best defense against an IRS tax seizure is to retain an attorney in Tyler, TX.

An attorney thoroughly understands the tax laws and the tax loopholes.Armed with this knowledge, there is often a lot of room for negotiation with the IRS.The average consumer is not equipped to deal with the IRS when the tax matter has gotten so serious that a seizure of assets is a real possibility.Naturally, the sooner an attorney is involved,the sooner the matter of delinquent taxes can be resolved.

Automatic Stay for Temporary Relief

When you say "IRS seizure" it evokes pictures of armed IRS agents with battering rams forcibly taking your property. Seizures can include distressing public events like agents taking an auto or business property,or seizing a house and evicting the residents.They can also include quiet events like wage garnishments.

It may seem like an impossible situation, but you do have several options. For example,a bankruptcy attorney in Tyler, TX can file a bankruptcy petition with the court that includes the IRS debts.Once the bankruptcy is filed,an automatic stay is issued by the court.This stay will stop creditors,including the IRS,from proceeding with seizures or other collection efforts.

The automatic stay does not mean you are guaranteed permanent relief from all debts.The IRS taxes you owe must meet certain stipulations before they will be cancelled.For example, if the tax debts are 3 years old or older,the IRS may agree to cancel the debt after reviewing your financial situation.There are other rules too that may apply like the 2 year rule and the 240 day rule.

Seeking a Permanent Solution

However,the automatic stay always gives the attorney in Tyler, TX time to fully review your financial situation and to negotiate with the IRS.The reason you need legal assistance is because the attorney can work with the IRS to get the agency to agree to wipe out the tax debt in full and to not attempt further collections in the future through the use of tax loopholes.

Even when a bankruptcy has been filed,the IRS has the power to collect taxes if it is determined to do so and filed a lien before you filed bankruptcy.Naturally, a lien has almost always been filed before you decide the financial situation is dire enough to justify bankruptcy.

Dealing with the IRS requires being fully informed and knowledgeable of the law and tax regulation. Considering the tax code is approximately 70,000 pages long as of 2011, it is obvious only a professional is capable of dealing with the IRS on its own terms.If you are faced with an IRS seizure, the next step should be retaining an attorney in Tyler, TX who has the knowledge and experience required.