You may be unaware of your rights as a taxpayer or have tax questions about the correct action to take. If you are unable to pay your tax liability in full, or question the validity of the tax amount owed, options are available to you to resolve tax debt. It is a financially wise decision to consult with an IRS attorney to prevent your confusion of the IRS tax code from causing costly errors. A tax attorney will be able to explain your rights in full and answer all your questions.
When is it necessary to hire an IRS attorney?
Many people have tried to represent themselves; making an already bad situation much worse. Navigating through the IRS tax code will be extremely challenging with no guarantee. It is strongly recommended you retain the services of a skilled tax law attorney to protect you.
One option your IRS attorney may offer is an Offer In Compromise (OIC). This is a legal agreement between you and the government. An Offer In Compromise allows a taxpayer to request settlement of a tax debt liability in a reduced amount. Once the offer has been filed it can be rejected, withdrawn or accepted. Everything depends upon whether or not your paperwork has been submitted in the proper manner. This an area in which a tax attorney proves invaluable.
There is a wide margin for error if you attempt to complete the Offer In Compromise paperwork without the help of an IRS attorney. Omission of required information on any form or missing support documentation will cause the IRS to place your paperwork into suspension and be rejected. A tax law attorney will ensure you are in compliance with the IRS tax code.
Am I eligible for an OIC?
To determine if you are eligible for an Offer In Compromise, your IRS attorney will ask you a series of questions and have you complete a financial disclosure statement. After careful and skilled review of your information, an IRS tax attorney will be able to determine if you are going to qualify. Any professional irs lawyer will be upfront and honest with you. You will not be promised anything that cannot be delivered. An experienced IRS attorney can give you best and worst-case scenarios to ensure you are fully informed.
It is your decision to select an IRS Attorney with whom you are comfortable. Good communication between you and your tax attorney is the key element to consider. The professional you choose must be able to allay your fears and address any concerns you may have. You need to be forthcoming with any important information pertaining to your tax debt liability. Your irs lawyer will do everything in their power to obtain a desirable outcome for you. When interviewing tax attorneys, you must find a person that instills confidence and is best suited to your needs. You want peace of mind knowing the professional you have chosen is your strongest advocate in protecting you and your assets.