03 Oct 5 Things to Learn from a Tax Resolution Specialist
When facing an IRS collection action, or many of the other problems that face the regular, hardworking people due to the IRS, the best thing you can do is get help from a tax resolution specialist.
IRS preys on your mistakes, but you can still manage to beat them at their game once you learn how to properly deal with them and all the things that you can achieve.
With that in mind, here are some of the most important lessons you can get from a competent tax resolution specialist.
1. Your Rights and How the System Works
A good tax resolution specialist will not only represent you before the IRS, but they will also teach you about your rights. The tax system is a complicated one, and people often pay more than they should or receive less in deductions than they should, all because of the lack of knowledge about the system.
If you hire a proper specialist that is there to help you, not just try to earn money from you, you will be able to learn all the necessary things about the system and your rights. Afterward, you will be able to defend yourself in the future when the need arises.
2. Protect Yourself from the IRS
The IRS is not there to help you, no matter how much they seem like they are. Their allegiances lie with the Government. A tax resolution specialists loyalties are with you, and they can teach you how to adequately protect yourself against all the methods the IRS employs to scare people.
3. How to Join the Offer in Compromise (OIC) Program
The IRS offers this program to taxpayers who owe more than they can afford to pay. By joining this program, you get the opportunity to spend a smaller amount as full payment. However, entering the program is tricky, and a regular person with basic knowledge about the system will have problems with qualifying for a reasonable settlement with which they will have to pay the least. You can get help from a tax resolution specialist on how to properly file for an OIC.
4. Penalty Abatement
As a regular citizen and a taxpayer, you have the right to demand a penalty abatement. It means that, if successful, the IRS will forgive your penalties and you won’t have to pay anything. A tax resolution specialist can help you achieve precisely that because it is not something that happens rarely. Those who know how to get a penalty abated usually succeed in their attempt.
5. Several Small Tricks
There are many tricks that a tax resolution specialist can teach you and help you achieve. You could get tax relief by qualifying as an innocent spouse. You could manage to remove a lien the IRS has placed on your real estate. These are some of the tips and tricks you could learn from a tax resolution specialist.