May 24, 2013

What is Tax Relief | Settling Back Taxes

Read the following to understand more about the step-by-step process of settling your IRS tax problems:

Step-by-Step Process

We will guide you step-by-step throughout this ordeal with the IRS based on your circumstances and the facts that you give us regarding your case. You will get one-on-one personalized service because we want to help you have peace of mind and get a fresh start with the IRS. You will be represented by our qualified staff of tax lawyers and enrolled agents. We can solve your case without you leaving your home or business – by telephone, email, fax, and/or US mail. These are also the preferred contact methods of the IRS.

1. Immediate Relief

If you are suffering with IRS burdens, we can help you lift it off your shoulders. We will file a Power of Attorney with the IRS quickly and efficiently (generally within 7 hours of being hired). The Power of Attorney documents will allow us to represent you as a client. The Power of Attorney is legally required so that the IRS will communicate with us about your situation. It also allows us to negotiate with them on your behalf. If the IRS contacts you after we have been hired, all you have to do is to tell the IRS that we are now representing you by Power of Attorney and the IRS agent will immediately discontinue contacting you and contact us.

2. We will stop enforced collections against you

The IRS may have issued a lien or a levy against you and started enforced collections. We can, in many cases, have the levy released and the aggressive collection process stopped.

3. You will need to complete our questionnaires

We provide you with questionnaires to complete, which will form the basis of your case against the IRS. They are vital for us to assess your situation properly and deliver an effective solution.

4. We begin to prepare your case

Once we have received all the relevant paperwork and questionnaires, your specially assigned enrolled agent will start to formally evaluate your situation and determine the best immediate course of action. Our Power of Attorney representative will then draft a tax resolution for you that could be any of the following: Innocent Spouse, Penalty Abatement, and other forms of tax relief.

5. We get you into compliance

We can file your returns including past years of un-filed returns. However, before negotiations start with the IRS, you must be in compliance. This means that your overdue tax returns must be filed. Our dedicated tax team can help you file your returns properly. The IRS will record the tax returns typically 2 to 3 weeks after receiving them.

6. We can analyze your Offer in Compromise or other types of tax resolutions

We will have a set period of time to prepare your case and submit it to the IRS. We can also give you updates concerning your case verbally and by email.

7. You provide all your supporting documents

This is a vital step for you, since negotiating your case can only occur after this step. You must make copies of your documentation (keep your originals) and then, pass the copies onto us.

8. We submit your offer to the IRS

We will then compile and complete your case. You will sign your Offer in Compromise documents, confirming that your offer reflects your actual circumstances. The case is then submitted to the IRS for their review and approval.

Peace of mind and complete resolution.

This is where your case is reviewed by the IRS. You should be prepared for a lengthy wait, as an Offer in Compromise can take anywhere from 6 to 24 months for approval from the IRS. Some cases are resolved faster while other cases may take longer. The IRS may ask for updates or additional documentation during that period. Patience and willingness to submit the IRS’s requested documentation is key. Aggressive collection actions are typically not done by the IRS during this review period. You can live without fear of wages, income, or other assets being taken.

However, be aware of possible intimidation tactics of the IRS

The taxpayer may suffer from intimidation by the IRS, as they do not give up easily. The IRS may use the following tactics while we sort and resolve the taxpayer’s case:

Keep in mind

The IRS generally leaves the taxpayer alone during the review process. However the taxpayer will still receive letters from the IRS during the process of sorting out her case. After we become your representative, the IRS must deal with us instead of you. If you receive any calls from the IRS, simply get the name and identification number of the person calling and provide us with the details. We will then contact the IRS, discuss the matter with them, and ensure that they stop contacting you.

The IRS may tell the taxpayer that forms are missing

This is another IRS tactic to intimidate the taxpayer. They may tell the taxpayer that certain forms have not been submitted. As the IRS has many databases that are not linked and updated on a regular basis, their system may not be up to date with proceedings. If the taxpayer is worried at all, she should contact us as soon as she can. We will review submissions and resend documents to the IRS if required. We will then ensure that the process is moving forward according to requirements.

The IRS may outwait the taxpayer

It can seem like a lifetime for things to get settled for the taxpayer. The taxpayer may think that it is easier to just settle and accept the first proposal from the IRS. This is not recommended, as we will work hard to get the right settlement for the taxpayer.

The IRS will constantly ask for more documents

The IRS may want new documents every 90 days throughout the case. We can effectively show the taxpayer how to comply with the IRS without complications. If the taxpayer makes several copies of all her documents, she can then have them at hand to send to the IRS.

The answer to the question, “What is Tax Relief?” is not a simple one.

For your FREE What is Tax Relief consultation, call us at 888.321.8812.