A lot of people actually have debts to pay the Internal Revenue Service or IRS. This is often caused by unpaid taxes. For a lot of people who are involved in these cases, they are willing to pay what is required from them just to get on with their lives. There are some people who have the expertise and knowledge to help you deal with these things the right way, that is in a legal way. Tax attorneys, CPAs, and enrolled agents are just some of them. They are knowledgeable in taking care of these liabilities with the use of various materials. These solutions include collection due process, injured or innocent spouse defense, installment agreement, collection appeal, offer in compromise, and more.
Most taxpayers make use of the offer in compromise solution because they are able to get huge discounts on the total amount that they must pay. When the taxpayer has paid the discounted amount, he or she will be free from their obligations already. Of course, there are pros and cons in choosing this option. While you get the benefit of paying at a discounted amount, you have to disclose all information about your assets to the IRS. As a taxpayer, you have to understand that the IRS is paid to always monitor your taxes. Usually, taxpayers get a knock from the IRS when their offer is not accepted by the IRS.
Generally, the IRS accepts only 20{15a051e16a85ae3c015a800985c65d5c3b956391a8d8a87329f32e4b5381e566} of the total offers that have been submitted to them. What is the best move to make for the IRS to accept your offer and for you to belong to this 20{15a051e16a85ae3c015a800985c65d5c3b956391a8d8a87329f32e4b5381e566}? Obviously, you require the brains of the tax expert that you have chosen to hire. Moreover, a good IRS recommended tax software is also what you need.
The use of an IRS recommended tax software is very common for tax experts. Only with this software can you be clear with the IRS tax problem of your client as well as analyzing the problem at hand. You can also make an evaluation if your client has the necessary requirements to avail of the offer. In addition, preparing the necessary forms is better figured out with the help of professional software solutions.
The success of an offer in compromise only becomes viable with a lot of manual work done by the assigned legal representatives of the client. Being the tax expert that you are, you have to use a lot of your time and effort to come up with the best solutions. You can make things easier to deal with on the part of your clients with the use of reliable IRS recommended tax software options. Aside from that, this software will give you some updates on changes that are occurring in the IRS.