Offer in Compromise (OIC)
Paying off the IRS can seem impossible when it feels like you are trapped under suffocating back taxes. Fortunately, the IRS offers various forms of tax plans to pay off your tax liability such as an Offer in Compromise (OIC). An OIC can allow you to wipe your tax slate clean with a significant reduction to your balance and our tax attorneys at GetATaxLawyer.com can work directly with the IRS to help you become free of back taxes.
IRS Payment Plan
Managing your tax liability with the IRS can be extremely aggravating and difficult, leaving you with feelings of despair. Don’t spend another being frustrated! There are tax professionals who specialize in working with the IRS to come up with a solution. Also known as an IRS Installment Agreement, a payment plan is a great solution since it allows you to file back taxes with the State or Federal government over an extended period until your balance is paid in full.
IRS Penalty Abatement
An IRS penalty abatement offers tax relief if you attempted to adhere to state or federal tax law requirements. The IRS grants two common types of penalty abatements based on specific situations: reasonable cause penalty relief and first-time penalty abatement (FTA). Reasonable cause is heavily contingent on your case and the IRS will take into consideration your efforts in complying with federal tax obligations.
Our IRS account investigation (or tax exploratory service) gives taxpayers a concise yet thorough breakdown of the status of their tax accounts. We contact the IRS or the State to obtain order transcripts and Record of Accounts (ROA) to give a detailed assessment of your amount owed.
Power of Attorney
An IRS power of attorney (POA) is a document that appoints a tax professional or attorney the legal right to represent you. The actions of the legal representative in the case are heavily contingent on the parameters of the document. For instance, if you, the principal of the case, grant a legal representative to make financial decisions on your behalf, they cannot also make medical decisions on your behalf – unless specified in the POA document.
Don’t spend any more time trying to represent yourself before the IRS or State tax agency! Choose to have an enrolled agent, certified public accountant, or attorney speak on their behalf. The authorized representative of your choice will directly communicate with the IRS, provide information and personal circumstances on your behalf, as well as enter agreements with the IRS. Overall, the IRS sees you as the tax attorney during the audit.
Tax Return Evaluation
When filing tax returns, one of the first things on your mind is figuring out how you can save money in taxes. This can be difficult to do if you choose to prepare your taxes on your own and will cost you money in the long run. In some cases, taxpayers are owed money back from the IRS due to overlooked tax returns. However, when you have our tax relief company conduct a tax return evaluation, you can be sure that you will get the maximum refund on tax returns to which you are entitled.
“Audit” is the last word any taxpayer wants to hear after filing their returns. This unpopular IRS or State procedure can be terrifying, especially after seeing you have a higher tax bill once the audit is complete. Should this ever happen and you do not agree with the assessment, you have the right to request an appeal. When it comes to audit appeals, our tax professionals in Los Angeles have extensive experience to go up against the IRS or State to help you win your case
After the IRS has conducted an audit on your recent tax returns, the revised amount you now owe may either seem unjust and too high to pay off. Luckily, the IRS offers options to overturn the audit determination such as a penalty abatement or an audit reconsideration. An audit reconsideration will allow you to have the audit results re-examined if you were unable to obtain an audit appeal or have your case escalated to the Tax Court.