How An IRS Lawyer Can Help You With An Offer In Compromise
Every year millions of taxpayers are shocked to discover they owe the IRS more money than they can afford to pay. You may not be aware of the alternatives available to you. You may be eligible to pursue an alternative settlement plan called an “Offer In Compromise”. What is an Offer in Compromise? This plan allows a taxpayer to offer a compromise to the IRS to resolve outstanding tax obligations. If you are unfamiliar with this process, it is strongly recommended you retain an IRS lawyer. An experienced IRS lawyer can ensure you do not miss any chance for acceptance of your offer. In addition, an income tax attorney can provide many other services to taxpayers in trouble.
What does an “Offer In Compromise” mean to me?
This is one option that makes it possible for a struggling taxpayer to pay back tax debts. However, the process of an Offer In Compromise can be quite complicated to the average person. It is a wise decision to hire an IRS lawyer to help you. There are specific circumstances in which a tax debt can be legally compromised. These situations would include:
* Doubt as to liability – existing doubt as to validity of the debt
* Doubt as to collectibility – doubt you could ever repay the debt in full
Your IRS lawyer is experienced with these situations and can assist you in filing the correct paperwork to prove financial hardship. An income tax attorney will assess your financial situation and the terms of “Offer In Compromise” to determine your eligibility.
One way to successfully resolve your tax debts
This agreement is designed to be in the best interest of the government and the taxpayer. It is only with the assistance of an IRS lawyer that you will be able to successfully negotiate a fair and workable agreement allowing you to repay your debt and recover financially. A tax relief attorney will make certain you have filed all necessary paperwork required for an Offer In Compromise. This ensures the IRS does not reject your request based on filing or paperwork violations.
The forms and paperwork
Your IRS lawyer will help you complete the Offer in Compromise Form 656. Accurate preparation of these forms helps reduce the margin for error and has made the entire process much easier. If you are experiencing apprehension or reservations about hiring an IRS lawyer, consider what can happen if you leave your situation to circumstance – escalating fines and penalties, seizure of assets, loss of business, etc. A tax law attorney will prove to be your greatest asset. Call our friendly and knowledgeable tax relief agents at 888-366-1147. IRS Tax Attorney