Regardless of whether you are currently having IRS tax problems or anticipate having a tax controversy in the future, a tax attorney is an important person for you to talk to. An attorney will help you make sense of complicated tax laws so that you can then resolve your tax issues in a manner that allows you to minimize your fines and penalties.
Disputing Your Taxes
You have the right to disagree with the IRS regarding the amount of taxes you are owed. If you are able to successfully make a case for why you should pay less in taxes, you may be able to have your tax debt reduced.
The IRS Independent Office of Appeals
IRS tax disputes are handled through the IRS Independent Office of Appeals. The purpose of this office is to be impartial and fair. They are meant to provide mediation services between you and the IRS. This should be your first step because you will be able to avoid litigation. However, if you're not happy with the results, you have the right to take the IRS to court.
An IRS tax problems attorney will help you determine if it would make sense to take the IRS to court. By consulting with an attorney, you will be able to save time and money by avoiding litigation if you choose not to go through with it after your legal consultation.
Avoiding Accusations of Tax Fraud
Your attorney will also help you avoid being accused of tax fraud. Fortunately, it's the job of a tax attorney to know all of the tax laws and codes, including those that are relevant to your case.
Negotiating with the IRS
You will want to hire a tax attorney who has experience with handling high-stakes IRS tax cases. The IRS is often willing to negotiate as long as they can expect to be paid what they are owed.
The IRS will try to determine your reasonable collection potential. This is based on both your current assets and income. You may be able to reach a compromise that may involve your tax debt being reduced.
At the very least, you might be able to have some of your fines waived or you may not be forced to pay interest. However, you'll want to act now because any delays when resolving your tax dispute will only lead to the problem becoming worse and could lead to criminal penalties.
Contact a company like IRS Trouble Solvers, LLC for more information.