Tips On Settling Your Tax Appeal Case With The IRS

Of the two certainties in life, death and taxes, for sure you’ll only die once, but taxes you’ll pay hundreds of times. That can tend to make them a little painful, especially if the IRS says you owe more than what you thought. Or, if you’re like a lot of people, you’re late filing your taxes, maybe even years late. There are always solutions to these kinds of problems, maybe some you don’t want to hear, but they can be solved. Here are some tips on how to settle your tax appeal case without going to trial.

Don’t Let The IRS Get You Depressed

The IRS has a reputation to uphold and that’s of a big, scary, all-powerful government agency that can make your life miserable and put you in jail. The fact is, they would rather you came to them with some kind of workable agreement so they can accept it and move on to the next case, they’re very overworked these days.

That being said, when you get notices in the mail from the IRS, take the time to read them carefully and see what it is they’re really asking for. Sometimes they’ve made an assessment based on incorrect information so they think you owe them a bunch of money. Other times it’s because they’re lacking information that you neglected to provide and if you do so, they’ll refigure what you owe, and you might not owe anything at all.

The bottom line is, that unless you read their notices, you’ll never know what it is they’re after. Lots of people just see the notices and who they’re from, then assume the worst. If they are only looking for another document or two, you won’t make your case any better by avoiding them for the next 5 years.

Gather Your Documents And Make an Appointment

The IRS wants you to come in and talk to them about the debt you owe, assuming it wasn’t a missing document, math error, or some other easy fix solution. If you can’t pay what you owe, they will settle for monthly payments of a reduced amount. If your life has taken a turn for the worse, business failure, medical problems, death in the family, are all good reasons to not have the money to pay. Bring proof of your problem, show them check stubs from your work, bring a list of real bills you have to pay. Then make them an offer for a settlement based on all the facts you have shown them.

If they make a counter offer that’s higher than what you can afford, you don’t have to take it, you can still seek legal help from a qualified tax attorneys near me. Many times, that first offer is a high-ball offer anyway and they’re just trying to get the most out of you that’s possible. Go to several attorneys in your area that specialize in IRS tax appeals and get a short consultation. They’ll usually know exactly how much the IRS is willing to settle for since they’ve done it so many times with other clients.

You can then use that information to make another offer to the IRS on your own, if you think you have a solid chance. Then, if they take you offer, you’re done, make your payments and you’ll be fine. If they don’t, you still have the option of retaining a competent IRS tax appeal attorney and having them work the deal for you.

Keep in mind that the IRS rules and regulations are constantly changing. There are statutes of limitations on many debts to the IRS based on the length of time since you should have filed. But, there are also exceptions to the statutes and only an up to date, qualified tax attorney can give you the best information to help you proceed.