Can the taxpayers handle their own IRS problem case?
Taxpayers always have the option of representing themselves before the IRS. However, many if not most find dealing with the IRS frustrating, time consuming, intimidating or all of the above. Below I will list a handful of key things to consider before representing yourself before the IRS. Often times even an hour consultation with a tax professional can go a long way.
The taxpayer does not have the professional expertise to know what the options are or how to get the lowest settlement allowed by law.
4 out of every 5 Offer in Compromise’s filed by the taxpayer are rejected by the IRS.
Many taxpayer negotiated Offer in Compromise’s offer the IRS much more then is required by law.
The taxpayer may be too frightened, frustrated or intimidated by the IRS to effectively or comfortably negotiate a settlement.
Most taxpayers are far happier to keep their distance from the IRS and prefer to leave the sparring to their advisors. Still, dealing with the IRS is not always as painful as thought. In fact, most IRS officers are reasonable and helpful, especially when they see the taxpayer is making a good honest effort to resolve his or her tax problem.
The taxpayer may slip up and inadvertently make statements that can make the problem worse-perhaps triggering an audit or even criminal investigation.
Professionals know where to draw the line. The taxpayer can make a statement that can create tax liability for his or her spouse or business associate.
The taxpayer takes valuable time away from his or her work and family to wrestle with his or her own case. Many business owner’s and busy employee’s will always appreciate paying an experienced professional to handle their case timely and stress free.
Call me, Scott Allen, EA to discuss if hiring a professional is necessary for you. I offer a free initial consultation.