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When you file your tax return and if you owe money with your tax return but do not pay, then the IRS will automatically make a tax assessment against you.
But don't choose a tax attorney just because they have an office near your home. An accident of geography doesn't mean they are the right tax attorney for the job. In many cases a national firm such as ours can make sure you never have to darken the door of an IRS audit.
If a lay man attempts to go through this process without proper expert representation, their Offer in Compromise will not only get rejected but they will end up owing the IRS more money than when they started the process.
Don't forget that you are only a step away from getting more information about tax relief for investments or such related information by searching the search engines online. Search engines alone can give you more than enough results when you search for tax relief for investments.
To settle IRS taxes with an offer in compromise you may want to get the help of a tax professional, CPA, enrolled agent, or somebody else that works in this capacity. This is a tricky situation, and a professional can tell you if applying for an offer in compromise is even worth your time.
At any point in time, millions of Americans are facing IRS late filing penalties and interest charges. Unfortunately, it is a common occurrence, especially considering the current state of the economy.
Not only is it critical to file your forms timely, you must make sure that you carefully reply to any IRS correspondence. The IRS may request additional information in order to process your offer.
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by: D Kulkarni
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