Help Settling Tax Debt
When you need help settling tax debt, there's really only one choice - an experienced tax attorney that has proven the ability to obtain successful resolution through negotiations with the IRS. Many people turn to their local accountant to negotiate with the IRS and are surprised when the agreement is less than satisfactory. Being a successful tax negotiator is a developed skill that requires ongoing education and practice.
Talking Heads
There's a modern day expression that refers to "talking heads." These are people who talk a lot but don't really say much. These can be people in meetings or television analysts. Talking heads may be educated and competent in their fields, but they lack the ability to convey useful information.
You can certainly hire a local talking head for help settling tax debt. But if you do, don't be surprised at the results. The IRS is an interesting combination of fact and fiction. They use your tax returns as fact and then often interpret rules and regulations in their favor in a fictional manner.
It takes a lot more than a talking head to negotiate with the IRS. A negotiator must be able to present the facts in an indisputable manner. A tax representative must also be able to sway the IRS agent to make a decision in your favor. This is not easy and is not a job that just anyone is able to handle.
When you need help settling tax debt, the problem should not be left in the hands of someone without specific negotiating experience. The tax laws are very complicated and these complications filter down to the forms and calculation. A tax negotiator understands the system and is able to work with the IRS to come to agreement on how to settle your tax debt in a way that does not traumatize your financial life.
Serious Resolutions
One of the problems with talking heads is they often deal in generalities. When you need help settling tax debt, generalities won't suffice. You need serious resolutions based on the current tax law and tax rules.
A tax negotiator is only able to be effective by keeping abreast of the changes to the rules. When someone attempts to negotiate with the IRS and makes it clear they are not familiar with the process, the IRS will naturally rule in a way that benefits the agency's collections. What you really want is someone who will fight for you using knowledge and familiarity with the negotiation process.
In other words, you want someone who will make sure that any help settling tax debt you receive results in lower taxes, a reasonable settlement or a fair opportunity to pay off back taxes due.
William McConnaughy, CPA is a tax negotiation professional. He has experience working with people seeking tax relief and credit repair. For more information visit his tax relief website.
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HELP with TAXES! My husband doesnt have visa or residency, we have 2 kids+I earn more than him. How do i file?
My husband and I got married in 2009. We have two beautiful boys and have never filed together before. This is the first year that I am required to file taxes, I earn more than him. He is an immigrant without a visa or green card. We have no idea how to file. HELP PLEASE
He has an ITIN number .... what's the best option:
Married Filling Jointly or
Married Filling Separately
Whats the difference?
How does it affect our tax return?
He has lived in the US since he was 6yrs old he is now 21yrs old, he has never worked outside the country.
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HELP with TAXES! My husband is a nonresident alien, we have 2 kids+he has ITIN. How do i file?How does it affe?
My husband and I got married in 2009. We have two beautiful boys and have never filed together before. This is the first year that I am required to file taxes, I earn more than him. He is a non-resident alien without a visa or green card. We have no idea how to file. HELP PLEASE!!
He has an ITIN number .... what's the best option:
Married Filling Jointly or
Married Filling Separately
Whats the difference?
How does it affect our tax return?
Do I qualify for EIC?
He has lived in the US since he was 6yrs old he is now 21yrs old, he has never worked outside the country.
What do we qualify for filling together?
EIC? EITC? Stimulus if any? Refund?
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help with tax rebate?
i am currently unemployed and not entitled to job seekers allowance due to the circumstances around me leaving my job, were apparently not good enough reasons! so i have no money whatsoever which is fab : ), i am sure i am owed a tax rebate as in my previous job i was on a emergency tax code for quite abit? i havent recieved a p60 or if i have must have misplaced it, i do have my p45? how do i find out if i am owed any money? and if i am when do you normally recieve it april? x
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