Canadian Income Tax Relief Free Helpful Information
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To further complicate the matter if an extension was filed then this extension can affect when the ten year period starts.
Tax professionals have your money, they have no incentive to go the extra mile for you. If your tax attorney, tax resolution specialist or CPA wants some "good faith money" that's fine.
The most detailed IRS audit advice comes from CFPs and CPAs. For example, in this article, Greta P. Hicks, CPA offers a detailed approach on how to prepare for the four types of audits the IRS performs.
Don't forget that if this article hasn't provided you with exact Canadian income tax relief information, you can use any of the main search engines on the Internet, to find the exact Canadian income tax relief information you need.
The only way they will do so is if you prove that your finances don't allow you to pay in full. And even then, the IRS will only settle in this manner if you offer more than what they believe they could collect from you.
You must either have worked for the IRS for five years and used the tax code regularly or taken a comprehensive exam that has to do with all the ins and outs of taxation.
Some taxpayers may be exempt from the fee depending on their income or whether or not the offer is based strictly on doubt as to tax liability. Taxpayers who claim the poverty guideline exception are required to certify that they are eligible by filing Form 656-A, Income Certification for Offer in Compromise Application Fee.
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by: D Kulkarni
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