Vermont
Tax Attorneys

Stopping Tax Levies & Liens

A tax lien is indeed a legal claim imposed by the government to secure unpaid tax debts. In Vermont, the state has the authority to place a tax lien on a taxpayer’s property or assets to enforce collection of delinquent taxes.

The Internal Revenue Service (IRS) also has specific guidelines for releasing tax liens. The IRS may release a lien in various situations, such as when the tax debt has been fully paid, when the taxpayer enters into an installment agreement that meets certain criteria, when the release of the lien would facilitate the collection of the tax debt, or when it is determined that the taxpayer’s financial situation warrants the release of the lien.

If the IRS denies a request to release a tax lien, taxpayers have the right to appeal the decision. The appeals process allows taxpayers to present their case and provide additional information to support their request for the release of the lien. Seeking the assistance of a tax attorney or qualified tax professional can be invaluable in navigating the appeals process and advocating for the taxpayer’s interests.

It’s important to recognize that tax laws and procedures can vary, and it is crucial to consult with a tax professional or attorney who is knowledgeable about the specific tax laws and regulations of Vermont or the relevant jurisdiction. They can provide personalized advice and guidance based on your individual circumstances and help you understand your options for resolving tax liens effectively.

Unfiled Tax Returns

Vermont does impose penalties for various tax-related infractions, including underpayment, late filings, and late payments. In addition, interest is charged on underpayments, late payments, and unpaid balances of assessments that are more than 30 days old. However, it is worth noting that Vermont state law does provide an automatic extension of six months for filing individual and fiduciary income tax returns.

In cases where the IRS becomes involved in unfiled tax returns, federal failure to file penalties may apply. These penalties can range from 5 percent of the net tax due per month to 0.5 percent for every month or part of a month that the tax remains unpaid, with a maximum penalty of 25 percent.

Filing tax returns promptly, even if they are late, is strongly encouraged by the IRS. Doing so can help avoid additional interest and penalties, protect Social Security benefits, prevent complications when seeking loans, and reduce the risk of collection and enforcement actions.

Given the complexity of tax laws and regulations, as well as the potential for changes, it is advisable to consult with a tax professional or attorney who is knowledgeable about the specific tax laws and procedures of Vermont or the relevant jurisdiction. They can provide personalized guidance based on your individual tax situation and ensure that you are in compliance with the current tax laws and regulations.

By working with a tax professional or attorney, you can receive accurate advice and guidance tailored to your specific circumstances, helping you navigate the complexities of tax obligations and minimize the risk of penalties or other adverse consequences.

Contact Our Vermont Tax Attorneys

Consulting the services of a tax attorney who specializes in Vermont tax laws, such as those at Anderson Bradshaw, can indeed provide significant benefits when dealing with tax issues in Vermont. Their expertise in Vermont tax laws and regulations allows them to offer personalized guidance and representation tailored to your individual situation.

Tax attorneys who specialize in Vermont tax laws possess in-depth knowledge of the specific tax regulations and requirements in the state. They stay updated with any changes in the laws and can provide accurate and current advice that is specific to Vermont.

By working with a tax attorney from Anderson Bradshaw, they can assess your specific circumstances and provide personalized guidance tailored to your situation. They will carefully analyze the relevant tax laws, assist you in navigating audits, tax disputes, or any other tax-related matters, and advise you on the best course of action based on your individual needs.

Having a tax attorney who can protect your rights and advocate for your interests is crucial when dealing with tax issues. They will ensure that your rights are upheld throughout the process and that you are treated fairly by the Vermont Department of Taxes or the IRS.

Furthermore, a tax attorney will effectively communicate and negotiate on your behalf to achieve the best possible outcome. Tax issues can be complex and overwhelming, and having a tax attorney by your side can provide valuable assistance and representation.

The services provided by a tax attorney from Anderson Bradshaw can encompass a wide range of assistance, including tax compliance, representation in audits or disputes, assistance with tax planning, and helping you resolve any outstanding tax problems you may have. They will guide you through the process, handle communication with tax authorities, and work diligently towards efficiently and effectively resolving your tax issues.

By consulting with a qualified tax attorney who specializes in Vermont tax laws, such as those at Anderson Bradshaw, you can benefit from their specialized knowledge and experience. They will provide accurate and tailored advice specific to your situation, ensuring that you have the support and representation needed to effectively address your tax issues and work towards a favorable resolution.

Our tax attorneys provide IRS tax help for residents all over Vermont including Burlington, South Burlington, Rutland, Essex Junction, Winooski, Barre, Montpelier, St. Albans, Newport, Bellows Falls and more. Call (877) 986-1156 or contact our Vermont tax attorney online to receive a free consultation.