Introduction
Every citizen knows that payment of his tax is mandatory for that is what the federal as well as the state government make use of to maintain some amenities in the society. But it is unfortunate that much of the tax that have not been settled with are not as a result of the citizen not wanting to pay, but because most citizen are ignorant of the process to take to remit the payment to the Internal revenue service (IRS). They continue to incur the tax debt.
The Internal revenue service (IRS) could become very intimidating and complicated if the citizen has not contacted the IRS attorney to get to know the various settlement methods that are available for his tax debt remittance. They are dedicated lawyers saddled to deal with all cases of tax debt matters on behalf of their clients. For a citizen to try and negotiate with the internal revenue Service official directly, it will not favor the citizen at all as all dedicated IRS attorneys have different methods and ways to deal with tax dues with the IRS. This is because they are vastly experienced in the tax related issues and will ensure their clients are well defended in the end. Employing the service of an IRS attorney will free you from any stress or hurdle you might have with IRS over tax settlement matters.
Following are some of the methods and tips typical IRS attorneys use to settle tax debt for their clients.
Step 1
The first method is offer-in compromise. Here the IRS attorney will solicit for the client with the internal revenue service that the tax amount is far more than the client could afford to pay. The attorney will try to convince the IRS official that in as much the client wants to offer the settlement, it is unfortunate that he or she does not have the actual amount the IRS is demanding.
Step 2
Another method that the IRS attorney uses is the installment agreement method. The IRS lawyer will arrange with the IRS office that his client will be paying on a monthly, weekly quarterly or even biannually basis. This is the easiest method of all the methods available to settle tax debt.
Step 3
The penalty abatement method is another way the IRS attorney takes to settle tax debts with the internal revenue service. Once it is approved by the IRS, all the penalty charges imposed on the citizen for failure to remit tax payment in time will be removed out rightly. Penalty abatement methods can remove substantial amount if not completely, all the penalty charges an individual has incurred due to tax debts.
Tips
The currently-not-collectible method ensures the IRS attorney solicits for the client that he or she is not currently capable to pay the tax debts. Once the IRS approve of this method, then the citizen can continue to enjoy all the services without his or her statutory period stopped in any way.
The partial installment agreement method entails the IRS attorney negotiates with the IRS that his client cannot afford the minimum payment cost of regular installment agreement at that particular time but that instead, a partial installment agreement which is lesser will be remitted.
Source
taxation.lawyers.com
