The Internal Revenue Service is a bureau of the Department of Treasury. Its main function is to collect taxes and administer tax rules. The IRS has been in this business since 1862, and has a lot of experience in collecting taxes and administering rules. If a taxpayer has an outstanding tax liability, their case would likely be assigned to an agent within the IRS Service Center or a Revenue Officer at the local IRS office. The Service Center operates as a call center where the taxpayer can get in touch with the IRS. However, if the case is assigned to a Revenue Officer, the taxpayer will likely be required to meet with an agent in person either at the agent’s office or the taxpayer’s personal residence. If the taxpayer is within an IRS audit, they will also likely be required to meet his Auditor in person to discuss their tax situation.
Depending on the complexity of a taxpayer’s IRS issue and the stress of working with an IRS agent, a taxpayer may find it beneficial to seek outside IRS relief help. Getting in touch with a tax professional can make it easier for a taxpayer to resolve their tax issues. A tax professional can use their education, resources, and experience to provide fast and immediate help. This assistance can benefit the taxpayer in a few ways:
- Time – A great deal of time can be saved by allowing the tax professional to operate as their personal agent. One simple example lies in the fact that current hold times for the IRS frequently exceed 1.5 hours!
- Stress Reduction- Most tax professionals recommend the taxpayer to avoid direct communications with the IRS. One simple reason is that the IRS can ask intimidating questions. The taxpayers answers can and will be used against them.
- Success- By choosing a tax professional that is knowledgeable on what steps are needed to effectively resolve tax debts and negotiating the IRS relief help you need to live comfortably.
The help of a tax professional can take many forms. The professional can give a taxpayer relief in resolving past tax debts. The tax professional can also assist the taxpayer in audit or examination. Tax relief help can take many forms:
- Installment Agreements: A tax professional can inform the taxpayer of the various types of repayment plans that the IRS offers. These plans depend on many factors, and unfortunately many taxpayers are not aware of their available options. The IRS will look at many factors in determining the type of Installment Agreement relief to provide: including, amount of tax debt, type of tax debt (income, sales, payroll, etc.), and financial ability to pay.
- Hardship Resolution: This resolution is called Currently Not Collectible and is not advertised much by the IRS. This is because this form of relief allows the taxpayer to stop collection action until they are in a position to financially pay on their past tax debt. A tax professional can assist a taxpayer in determining if they qualify for this hardship resolution and can also deliver the IRS relief help needed to get back on your feet.
- IRS Settlements: Also known as an Offer In Compromise, this form of tax relief can take many months to finalize. It involves the collection and presentation of detailed financial information to the IRS. Although lengthy and somewhat complex, the benefits of settling a tax debt for less than the full amount owed can greatly change a taxpayer’s life by giving them a clean slate with the IRS.
- Many other forms of IRS Relief help: Apart from the tax relief stated above, there are many other forms of relief that can provide help to a taxpayer. This includes penalty and interest abatements, innocent/injured spouse claims, lien removals, garnishment and levy releases, audit defense etc.
Victory Tax Solutions employs full time tax attorneys, CPA’s and other tax professional who have the knowledge and experience to deliver the result you desire. Please call Victory Tax Solutions today to speak with one of their account executives. The call is toll free 1-877-772-0123
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