Tax Relief On Property Free Important Guidepost

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When the IRS decides to size your assets they will start by contacting anybody who may be paying you or holding your money; this includes your employer and bank.

Tax professionals have your money, they have no incentive to go the extra mile for you. If your tax attorney, tax resolution specialist or CPA wants some "good faith money" that's fine.

If you're going through your records and find that some of them are missing, call for duplicates immediately. Don't just go to the audit and claim that the records are missing or lost. At best, the auditor will request that you obtain the records.


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But you must remember that even if you are on an installment agreement, penalties and interest will continue to accrue on the unpaid amount of the back tax liability throughout the duration of the installment agreement.

For another, he or she has a more comprehensive view than most attorneys because an attorney is usually only licensed in one state while an EA is licensed across the 50 states.

Some taxpayers may be exempt from the fee depending on their income or whether or not the offer is based strictly on doubt as to tax liability. Taxpayers who claim the poverty guideline exception are required to certify that they are eligible by filing Form 656-A, Income Certification for Offer in Compromise Application Fee.


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