Many offers in compromise requests are rejected by the IRS because of a poor representation of the case. Correct filling of the various forms is a prerequisite for filing an offer in compromise. The taxpayer usually does not possess the necessary skill or knowledge of the processes involved in offer in compromise. In such situations professional help come in handy.
If you are not well informed about tax law or IRS assessment and audit procedures, you are in danger of further difficulties with the taxes. Taxpayers are often exposed to IRS errors, mistreatment, and intimidation. People frequently pay more than their tax liability either as a result of wrong IRS proceedings, or because they do not seek the guidance of a competent and experienced tax practitioner.
An IRS tax lawyer helps you make successful offer in compromise settlements. He can also advise you on fraud audit examinations and tax lien removal. It is always advisable to seek the help of a tax lawyer for making installment agreements and payment plan negotiations. In addition, an IRS tax lawyer offers help in IRS tax levies, un-filed tax returns, penalty abatements, and IRS appeals and litigation.
An IRS tax attorney prepares offer in compromise forms such as form 656 and form 433A and form 433B (financial statement), so that the filing procedures become professional. He attaches a legal memorandum in all offer in compromise filings to ensure that the Internal Revenue Service follows the OIC statute and the offer regulations. This forces the IRS to follow tax policies and offer in compromise laws strictly and in accordance with legislative history. The tax lawyer in offer in compromise cases forces the IRS to follow all legal and administrative procedures. The tax layer requires a tax information authorization in form 8821 and a power of attorney in form 2848 to assist with your OIC.
Sunday, June 15, 2008
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