You are not alone if you owe back taxes to the government. The economy is still in the doldrums and millions of taxpayers are finding it hard to pay their taxes. However, you should immediately negotiate back taxes as soon as possible in order to avoid more legal troubles. There are several ways how to negotiate back taxes effectively. But before you do so, you need to have legal representation so you can protect your interest. The best thing that you can do is to search for a reputable tax attorney referral service. You will also get free tax advice from such service aside from the fact that it can provide the best legal representation for you.
You have to understand that the IRS is not a heartless agency but it is a very formidable legal adversary. That is why it is best to hire a tax attorney by taking advantage of tax attorney referral service. This way, you can effectively negotiate back taxes with the IRS and get a favorable deal. Besides, tax laws, rules and regulations are constantly being updated and revamped. So, keeping up with new legislations and federal mandates can be very overwhelming sometimes. It is also very time consuming to study these laws aside from the danger of misinterpreting its provisions. So if you want to effectively negotiate back taxes with the IRS, you should hire a qualified professional that can represent you.
In order to effectively negotiate back taxes with the IRS, you have to know the right professionals that are allowed to represent you. For example, an EA or enrolled agent is a certified professional that is allowed by the IRS to represent taxpayers. These agents have passed a certification exam given by the IRS so they are competent in negotiating tax deals for you. CPAs are also allowed by the IRS to represent taxpayers during negotiations. Certain certified financial planners can also represent you. Your best bet however is to get a tax attorney that will negotiate for you. Make sure that you can trust the tax attorney referral service so you can ensure that your back taxes negotiations will be trouble free.
Once the tax attorney referral service provides a lawyer for you, you have to know what negotiation options are available for you. Your tax attorney should be able to explain to you in more detail how IRS negotiations works and the procedures involved in every option. For example, you may want to negotiate for an immediate tax relief which the IRS offers for taxpayers with past due taxes. You can also settle for installment back taxes payment which is ideal because monthly payments can be easier to meet than making a one time bulk payment.
Negotiating back taxes payment with the IRS can be very daunting especially if you will do it yourself. The negotiations can proceed more smoothly and easier for you if a tax professional will help you. That is why it is more beneficial for you to sign up with a tax attorney referral service so you can get the best legal representation that you will need when negotiating with the IRS.