History has been undergoing sudden changes these days when it comes to the Internal Revenue Service since there are quite a number of individuals who owe taxes to them. These individuals who have yet to pay their taxes are badly in need of help that is why they would give any amount just to be free from this situation. Tax Attorneys, CPA, or Enrolled Agent, are allowed to make use of some of the instruments that can help their client to settle the liabilities that they have, and these instruments include Injured or Innocent Spouse Defense, Collection Due Process and Installment Agreement, Offer In Compromise, and Collection Appeal.
If the client’s tax slate will not be deducted, there is a bigger chance that it will be wiped clean and this is only possible with Offer In Compromise that is why this is considered as the most promising instrument these days. Be that as it may, there are still some positive as well as negative effects from this instrument even if it is being used by many. All of the information concerning all of your assets may be required for diaclosure to the Internal Revenue Service if you are granted a discount of the total amount of tax resolution fees that you have to pay for. There is no chance for you to lie about your taxes since a machine is being utilized by the Internal Revenue Service to monitor all of the taxes. Someone from the Internal Revenue Service will surely be looking for your client if your appeal about the offer will not be accepted so make sure that you have kept your client informed of the progress of his case. Only 20% of the total number of appeals made to the Internal Revenue Service with the use of Offer In Compromise will be accepted and this may not be a good thing for you if you will not be included. There are surely importance factors that you need to do so that you can be included in the 20% of offers that are being accepted by the Internal Revenue Service. If you really want help in getting into that coveted 20% spot, you can purchase a tax resolution software logic that might be able to guide you with the correct analysis of the current situation that you have, and might just as well give you a diagnosis of this problem. It can also evaluate how much chance does the client have in being accepted in the 20%, as well as a form that may be filled up by the client.
Some representatives who are applying for the Offer In Compromise are still preparing it manually which means that they are using their calculators, pencils and their brain in doing this.