When you got out of bed this morning, you probably weren’t expecting to seek out a tax relief attorney. The most common reason one might seek a tax relief attorney is to receive a letter from the IRS for back taxes owed or to get an audit. The audit can be the result of one or more of your previous tax returns. In any situation, you should seek the services of a reputable IRS tax relief attorney.
Communications with the IRS
A tax relief attorney contacts the IRS on your behalf. They can help you by being present during your audit and help negotiate agreements if necessary. If you are a taxpayer who has ignored notices and letters from the IRS, you can be threatened with criminal charges including tax evasion. Once you know that it is the goal of an IRS investigation, you should retain or consult with a tax professional or attorney.
Your attorney will assure the IRS that the investigation is being taken seriously. They will also work alongside the IRS to make sure your audit runs smoothly and help you reduce your back taxes and settle for an affordable number.
Offer in compromise agreement
An offer in compromise (OIC) is a type of agreement made between the IRS and the taxpayer to settle tax obligations for less than the amount owed. To qualify for the OIC, you and your attorney will need to show the IRS that:
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You cannot pay the full amount requested, either through a lump sum or a payment arrangement over time.
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There are doubts about the total amount of the tax liability.
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Due to exceptional circumstances, the full payment would cause financial hardship, would be unfair or unfair.
To qualify for the OIC, you and your tax relief attorney will need to submit an application and pay the application fee if it applies to your circumstances.
Tax evasion and fraud
Tax evasion and tax fraud are criminal offenses charged by the IRS when citizens refuse to file tax returns, pay taxes, or fail to disclose all sources of income. The charges come with penalties, interest on taxes owed, processing fees, and even imprisonment. If you discover that IRS agents have been dispatched to your home or office, the time has come to hire an IRS tax attorney.
You should never attempt to handle these types of charges or investigations on your own. Inadvertently, you could further incriminate yourself by speaking only to IRS officials, which is why it is always recommended to have a tax attorney present when you speak to the IRS. IRS tax relief attorneys understand the laws that pertain to your specific tax case and can argue your case in the most favorable way for your situation and get the best result. So, if you’ve recently been audited by the IRS or owe a lot of back taxes that you can’t afford, contact a tax relief attorney today.
