Why Tax Debt Resolution Isn’t Always an Easy DIY Fix
Resolving IRS tax issues can be time-consuming, complicated, and stressful. Even if you found the time to wait and sit on the phone with an IRS agent, you may not be comfortable forking over your personal and financial information. On the other hand, a licensed tax professional knows and understands the qualifications for payment plans or forgiveness programs that the IRS may not offer you directly.
Questions to Ask When You Have Tax Debt
The DIY Approach: Dealing with the IRS Yourself
Online research: In many cases, resolving your IRS issue is possible with help from the internet. Unsure if you have a tax issue? Visit www.irs.gov to see your possible debt situation and how involved the fix is. If you only need to file income returns for the previous year, you can use a free online service. When it comes to resolving back taxes, seek professional assistance.
IRS tax help phone line: A taxpayer can call the IRS to discuss a variety of concerns, including how to obtain copies of a previous year’s federal income return, general filing questions, or how to speak with someone in person. If you need help with back taxes (especially in serious cases), get a free, confidential consultation from a tax professional.
What you need to know before hiring a tax professional: Tax professionals such as CPAs, enrolled agents, and attorneys are great resources and can assist you with tax debt resolution. It’s important to trust whoever you hire since they will have access to your personal and financial information. Here are some useful tips for choosing your tax debt resolution company.
What to avoid:
What to look for:
What Licensed Tax Professionals Can Do
Licensed tax professionals can lift a wage garnishment, prevent or release a bank levy, and negotiate the terms of a payment agreement. They know the ins and outs of the IRS – including what taxpayers should and shouldn’t disclose, timelines for taking action, or options the IRS does not what you knowing about.
Tax Audits: A licensed tax professional can represent you during an audit to ensure that your examination is handled fairly and accurately. If you’re unsure of if you need professional assistance, get a free consultation from a tax debt resolution company like Tax Defense Network to help you make the right decisions.