Over the last several years, California has gotten a horrible reputation for excessively high taxes. What you may not know, though, is that the average Texan pays more in taxes than the average Californian!
Statistics show that Texans pay an average of 13% of their income on taxes, while Californians only pay about 10.5% when they fall in the bottom 20% of earners. It really only evens out for the middle-range earners.
If you’re a Texan that’s recently been shocked by a tax bill, you might be wondering whether you should hire a tax attorney in Texas to help. You might have other problems on top of that—like not filing your taxes for a few years or not understanding a complicated tax situation. The good news is that there is a tax expert that can help you regardless of what type of tax issue you’re facing.
Are you wondering what type of tax professional you need to hire? Learn more about the different types of tax services available and what tax problems they can help with below.
Tax Problems in Texas
Unless you have a very straightforward tax situation, filing taxes is often a confusing and complicated process—because most adults have little to no education regarding how to formally file taxes. You may not know what status to file under, how to apply deductions, or even what your yearly expenses amount to.
Tax problems on this level can get rectified quickly if you hire a tax expert to help. But if you fail to file your taxes or make an error on them, you could end up making your situation much worse.
This can lead to worse tax issues like:
- Getting audited by the IRS.
- Facing a tax bill that you can’t afford.
- Getting hit with penalties or interest fees.
- Facing enforcement efforts like wage garnishment or tax liens.
- Facing criminal charges for failure to file or willful evasion.
Regardless of how serious your tax situation has become, there’s a way to get back on track. Learn more about your tax relief options below.
Tax Relief Services in Texas
The IRS has an incentive to guide you towards tax relief solutions. Why? Because if you reach a solution, the IRS is likely to receive at least a portion of what you owe. Even if you don’t end up paying a dime, the IRS won’t continue to use up money, resources, and time attempting to collect from you. Here are a few of the most common types of tax relief services and the tax problems they solve:
- Innocent Spouse Relief: Clears away tax debt you shouldn’t be responsible for.
- Appeal an Audit: May prevent a tax audit.
- Currently Non-Collectible Status: Prove to the IRS that you can’t pay off your tax debt.
- IRS Fresh Start Program: Helps rectify tax debt.
- Installment Agreement: Pay back tax debt over time.
- Penalty Abatement: Minimize IRS penalties and fees.
- Offer in Compromise: Settle tax debt.
Many taxpayers make the mistake of thinking that their tax situation is too far gone to get any form of relief. Don’t fall into that camp. Consider speaking with a tax professional about your situation and you’re likely to find out that you have options available to rectify your situation.
Tax Preparation Services in Texas
Are you ready to make moves to change your tax situation? Congratulations! You’re on the right track. What you need to know, though, is that you’ll likely face similar tax problems in the future if you don’t identify what caused your initial problems to begin with.
If you struggle with filing your taxes, then it might be worth it to invest in a tax preparation service to help. A tax preparation service will help you create a tax strategy, manage credit and deductions, guide you on what status to file under, and let you know what forms are relevant to your situation. Even better, they can represent you in the event you do get audited or face a future tax problem.
CPA Services in Texas
Do you own a business, or are you self-employed? If so, filing your taxes will inevitably be more complicated. That’s because you’ll have to keep track of all your income yourself, pay different taxes (including the “self-employment tax”), and face totally different credits and deductions. With so much at stake, it might make sense to hire a CPA.
A CPA is a certified public accountant that can help you calculate tax returns, go over your financial records, draft financial documents, and even help recommend a financial strategy for yourself or your business.
How Can a Texas Tax Lawyer Help?
Of course, if you’re facing criminal charges, wage garnishment, or another type of legal situation, hiring a Texas tax attorney is your best bet. A tax attorney will help with any legal challenges you face or help you find level ground if you’re attempting to negotiate with the IRS. A tax attorney can also provide invaluable advice regarding future tax implications of your decisions, too.
Are You Looking for Additional Tax Help?
Are you currently facing a tax problem in Texas? Don’t make the mistake of thinking you’re on your own. For each and every tax problem, there’s a tax professional who can help you find a solution. Whether you need to hire a tax lawyer in Texas or speak to a CPA about your business, our team of skilled tax experts at Tax Group Center can help.
Are you ready to get in touch?
Consider filling out our tax debt form here to give our tax experts more details about your situation. From there, we’ll match you with the best expert on our team that can meet your needs, and they will reach out to you directly. We look forward to hearing from you!