If you have a tax debt of a few thousand dollars, you might be able to negotiate with the IRS for a fair and manageable payment plan without the help of a tax attorney. If however, your tax debt is $ 25,000 or more, it would be wise to hire the services of a professional debt relief company in North Carolina. Settling such a big tax debt is a complicated process that requires keen attention to details and close adherence to IRS regulations. Experienced tax debt relief companies are skilled in the application of IRS tax law.
If you have not filed tax returns for a number of years, your tax attorney will first prepare all the returns you have not submitted. Since your tax specialist is constantly updated on all IRS regulations, you can be assured that all valid deductions will be included in your returns to reduce your tax liability. If you do not seek the assistance of these tax attorneys, you could miss important details that would benefit you. You might even end up having tax debt larger than what is really owed.
If you have already filed your returns, the tax professional you hire will carefully review the submitted returns and amend inaccurate information. Amending a tax return involves extensive paperwork. Supporting documents must be prepared for submission to the IRS. There is no room for error in the documents to be presented for IRS review and evaluation. Any incorrect or questionable information might result in an IRS audit, another tax problem you do not want to incur.
Reviewing your personal and financial situation, these tax debt relief professionals working with tax attorneys in North Carolina will offer their advice on the tax relief program for which you may qualify. Whether it is an IRS Installment Agreement or an Offer in Compromise they will prepare the documents for presentation to the IRS to support your request. They would negotiate on your behalf to gain IRS approval of the tax relief program you need. Without the help of professional debt relief experts, your tax debt problems can become insurmountable.
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