Should you hire a tax attorney to help you apply for an Offer in Compromise

If you find yourself owing the IRS money for back taxes, there are a few things you can do to remedy the situation. One of the options is to sign up for the Offer in Compromise Program. When signing up for this program, you need to provide a letter called an offer in compromise. This letter can help you settle your debt and allow you to get back into good standing with the IRS from then forward. However, you can choose to either work with an attorney or navigate the road on your own. Keep reading to learn more about this program and how an attorney can help with this endeavor. 

Offer in Compromise Program

If you have owed a debt to the IRS, you can see if you qualify for the Offer in Compromise Program. To ensure you qualify, you must properly fill out the paperwork required to be accepted to the program. It is easy to forget to include certain details and make errors. When that occurs, you could be denied, or the process might be slowed significantly. That is one of the primary reasons many people choose to hire a tax attorney to help them with their paperwork. If they are experiencing, they can ensure the paperwork is filled out correctly and that all details are included. 

Responses From the IRS

The IRS will let the respondent know whether they are eligible for the program and whether they qualify for their expedited process. If you aren’t offered the expedited process, the length of time you wait for a different answer might be up to two years from when you file. There are many disadvantages to denial for the expedited process. The most notable is that you continue to rack up late charges and fees while you wait. To qualify for the expedited review by the IRS, the taxpayer must owe less than $50,000 in total, and they must make less than $100,000 per year. If you have a tax attorney, they can work with the agents to help ensure the process goes as swiftly as possible. They usually get a more positive response from agents than if they represent themselves. 

Appealing a Decision

If you apply to the Offer in Compromise Program and are rejected, you can pursue another option. You can appeal the decision. To file an appeal, you need to fill out the appropriate paperwork and have the case reviewed once more. This stage usually requires the assistance of a tax attorney who can speak on your behalf at a hearing. The attorney will plead your case in front of the court and present the information that outlines your circumstances clearly and might help them better understand why you didn’t pay and your wish to settle the debt through the program and also visit https twitch tv activate code.

The problem with the appeals process is that it can be tedious, and in many cases, the court will send requests for more information and documentation. Most individuals can’t keep up with the requests and correctly supply the details the court wants. If you have an attorney, rather than contact you directly, the communications from the court go to your lawyer, and they handle the back and forth exchanges of requests and details. Ultimately, you get a better outcome if you use a tax attorney and don’t need to worry about making mistakes, deadlines, and other pitfalls that come with handling the details and appeals process yourself. 

Finding a Tax Attorney

A tax attorney is highly trained in matters dealing with tax laws and communications with the IRS. If you hire a tax attorney, you’re more likely to get a positive outcome than if you tried to work with the agency yourself. This is because most tax attorneys already have established a solid working relationship with local agents and can ensure that their clients get timely results. From consulting with clients and getting to know the specific details associated with their circumstances to speaking with agents in the IRS, they know precisely how to get the best outcome. 

While investing in the services of a tax attorney may seem daunting, it’s worth noting that this investment can save you thousands and help prevent your tax problems from compounding along the way. The tax attorney can get the process started and help reduce the financial impacts to you and coach you through the process. 

The best way to find a tax attorney is to reach out to anyone who has worked with a tax attorney in the past and had positive results. If you don’t know anyone, you can always research the top local agencies and firms in the area that handle tax-related cases. Be sure to get some background history and find out what previous clients think about their experience with the attorney. Once you narrow down the options, you can call the office to schedule a consultation with them. During the consultation, they collect details about your case and then tell you their opinion regarding the case. They may or may not choose to move forward depending on the circumstances. 

Get Started Today

If you owe the IRS money, there’s no time to waste. Remember that you must handle the case right away to avoid further conflict. Regarding the program, applying yourself can be risky, so you want to secure the services of a top-rated local tax attorney to represent you through the process.