Mistakes People Make When Negotiating with the IRS

What are some common pitfalls when negotiating tax debt relief?

3 Common Mistakes People make Negotiating with the IRS

Few things threaten your mental well-being like the harassment and anxiety of persistent tax problems. Under this stress, it is common not to put your best foot forward in resolving the problem. People make 3 common mistakes when dealing with the IRS.

  1. They procrastinate.
  2. They attempt to represent themselves.
  3. They hire sub-par representation and now are in MORE need of help than ever before.

Waiting to deal with your IRS tax debt only leads to more penalties and fines, makes you look worse when you finally do try to resolve your tax debt, and could lead to bigger problems than just owing money.

If you attempt to represent yourself with the IRS, you could make your situation worse by saying something you shouldn’t have, giving them documents you didn’t have to, or not giving them documents you did and them finding out later.

Hiring sub-par help could also land you in hot water. Not only will you have to pay them, but they might not do anything or maybe even make things w orse. Don’t get tax resolution services from a cartoon character on TV when you could have hired a Tax Attorney.

A tax attorney could help with:

  1. Offer in Compromise cases
  2. Penalty Abatement Petitions
  3. Full Audit Representations
  4. Business Strategy Sessions.
  5. Settle taxes for Pennies on the Dollar owed
  6. Stop IRS wage and bank levies (garnishments)
  7. Have property liens lifted
  8. get affordable installment agreements
  9. Have penalties and interest forgiven

Offer in Compromise: Settle your taxes for Pennies on the Dollar owed Professional law offices can help get you a favorable settlement with an experienced IRS tax attorney. The IRS’ Offer in Compromise program allows taxpayers to settle their tax debt.

What is an IRS offer in compromise?

It settles your tax liability for less than the full amount owed, providing you can prove you don’t have the ability to pay. Depending on how much you can afford, you really can pay “Pennies on the Dollar Owed” in taxes.

If it is done correctly – this option could save you an enormous amount of money, and is the best strategy for most taxpayers. You should take extreme caution. You should hire a professional with knowledge of the IRS’ procedures. If the Offer is not submitted correctly it will be rejected, or you may be required to pay more than is necessary.

An Offer in Compromise may save you a LARGE amount of money.

Do you know that the IRS only has a limited time to collect your back taxes?

Let a Professional Tax Attorney determine when the IRS’ time limit to collect taxes runs out.

What if I failed to file my tax return?

Many people fail to file Individual Income Tax Returns for a variety of reasons. Some reasons are innocent, although the most common is the fact that people can’t afford to pay the taxes.

When this happens it becomes difficult to get back into the system. “I filed for 1998. I couldn’t pay for 2000, so I did not file. Then I was afraid to file for 2001. I haven’t filed since then. What can I do now?”

If you do not file Income Tax Returns you commit a criminal offense. However, filing back returns before being caught is a good way to avoid being criminally prosecuted. That is the first key: filing BEFORE they catch you.

tax debt relief

Tax Debt Relief

Tax Debt Relief

Who needs tax debt relief? How does tax debt happen? How can I get tax debt relief?

Tax debt relief is most often sought by people who have;

  1. somehow failed to file their returns; and/or
  2. are liable for repayment of back taxes.

This may occur due to various reasons. It might be an emergency such as individual or family illness, death in a family, change in economic condition, and lack of budgeting or lavish lifestyle. In these situations failure to pay or underpayment are the two most common things to happen. If this occurs you should fix it as early as possible. That is because interest and penalties continue to accrue and some forms of tax liability may be punishable by imprisonment.

Tax debt relief is the best solution that one can go for if he or she has failed to pay the taxes in time. There are tax debt relief attorneys that offer tax settlement services. They are specialized professionals who work round the clock to help their clients get tax debt relief. With the help of a tax debt relief professional such as a tax attorney, you can potentially reduce your payable amount to a smaller fee, enter into a payment plan, or some other solution based on your specific situation.

Tax debt relief may often call for a legal proceeding. That is why a qualified lawyer who is proficient in tax debt relief is indispensable. The professional attorney can represent you in proceedings and help to get the tax debt relief you are entitled to as a tax paying citizen.

Conditions that lead to inescapable delinquency are always unacceptable but not beyond negotiation which can be done with the help of a professional tax debt relief attorney. A proper tax debt relief program provides quite a few benefits. If this is not your first time seeking tax debt relief, it may be harder to talk to the government into working with you, so an experienced tax debt relief lawyer becomes even more important.

tax debt relief

Battling the IRS

Battling the IRS is never easy nor is it ever fun.

Unfortunately, battling the IRS maybe be inevitable. Fortunately, battling the IRS is possible.

Battling the IRS

There may come a time in your life where it becomes necessary to defend your rights against the IRS. The IRS can come down swiftly and without mercy against taxpayers for issues ranging from simple mistakes to genuine tax evasion. When such a situation occurs, often in the form of an audit and sometimes followed by federal prosecution, it becomes necessary to stand up to the IRS. As many experts will tell you, knowing the right steps to take and doing things the right way can actually make battling the IRS prove to be very effective.
Just as important when battling the IRS is knowing what not say. Your statements are evidence against you and you may inadvertently provide evidence the IRS has no right to obtain.
Every year, honest, tax-paying Americans worry that their income tax return will end up being audited by the IRS. Even though the number of audits has been going down year over year, those concerns are not completely unfounded. Audits can lead to major fees and even criminal prosecution. Needless to say, such a situation can become ugly very quickly.
However, many Americans don’t realize that they can fight the IRS. Not only can they fight, but often times they can emerge with some sort of victory. In fact, recent studies have shown that over 41% of Americans who took their cases to the IRS’s appeals division won at least some degree of relief, while others had their penalties wiped out completely. Not only this, but countless numbers of other Americans have brought cases against the IRS in district courts and also emerged victorious.
This does not mean that you should not be worried about the IRS. You must take action to battle the IRS. However, as long as you did file your taxes in honesty, they are many venues you can look to for help. Just do some research, online or offline, and find a good tax lawyer to represent you. Think twice about talking to the IRS on your own.

Who Do You Want Battling The IRS For You?

You will be surprised at your own chances of defeating the IRS and having your penalties reduced when you let a trained professional take the reigns. Make sure to vet them thoroughly. read reviews. Ask about licensing. Make sure you have the right person battling the IRS in your behalf; not just somebody.