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Dealing with the IRS can be very difficult and costly if you do not have the proper advice and guidance. If the IRS is trying to collect money from you, then before you pay them one dime see if the statute of limitations has expired otherwise you could be throwing your money down the toilet.
To avoid paying a high hour rate unnecessarily, go through this tax attorney/CPA/tax resolution specialist interview checklist first.
If you're going through your records and find that some of them are missing, call for duplicates immediately. Don't just go to the audit and claim that the records are missing or lost. At best, the auditor will request that you obtain the records.
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One of the best ways to settle IRS taxes for less than you owe is with an offer in compromise. While many people have their sights set on an offer in compromise, not everybody has the ability to use this to their advantage.
An enrolled agent is someone who's received clearance by the United States Department of the Treasury (USDT). He or she has the authority to represent citizens in their dealings with the IRS.
If your cancellation of debt relates to a rental or investment property then you need to be particularly careful. Dealing with tax issues associated with rental or investment property can be very challenging so you should seek the help of a professional.
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