The government assesses taxes against your property for several reasons. Sometimes the tax bill is too high, and sometimes it’s because you can’t afford to pay it. Tax foreclosures are when the government takes possession of your home due to an inability to pay taxes on time.
If you’re facing this problem, then make sure you have an attorney fighting for you. Here’s why:
1. You may be eligible for a payment plan with the IRS
There are a number of ways to pay the IRS to avoid foreclosure. If you’re unable or unwilling, your best option is an attorney specializing in tax foreclosures and can help with this process for you.
2. It may take a long time
The foreclosure process is complicated and takes a long time. Tax foreclosures are even worse because there are more laws to follow when dealing with the IRS. This makes an attorney necessary to have any chance at saving your property.
3. Loopholes that might help you avoid foreclosure
Tax attorneys specialize in tax foreclosures. They know all of the ins and outs of this type of law, including how to avoid foreclosure. If you have a property that is being threatened with foreclosure by the IRS, it’s best to consult an attorney who can help protect your investment from seizure.
4. Advice about available options
The IRS has stringent rules, and if you are unable to pay the taxes owed, then your home could be taken from you. The attorney will review available options for you and how long it could take before your home is seized.
Lawyering up is your best chance of possibly retaining your property at best. Thus, ensure to call up your attorney when facing tax foreclosures.
