Tax debt relief frequently asked questions
By Terry O'Rourke
Tax debt relief is a serious matter and should be treated as such by anyone
involved with tax debt. This is why it is recommended that you learn your rights
as a taxpayer and seek the advice of tax professionals to protect you, your
family, property and business.. Many people don¡¯t know but taxpayers are
usually represented before the Internal Revenue Service by a tax attorney,
Enrolled Agent or Certified Public Accountant (CPA), as this gives them a
higher probability of settling their debt in a positive manner. OF course, you
can also skip having professional legal advice and try to deal with the IRS
issues yourself. However, most people do not have the expertise or stamina
and get overwhelmed by the complexity of the process, and the pressures
already created by the tax debt; and the tax debt relief process.
Why should you consider hiring a professional legal advisor?
Simply state; you will save time and energy by retaining a tax professional and
you will realize that your decision also helped you save a lot of money. The
cost of hiring a tax attorney,. Enrolled Agent or CPA is a smart and prudent
investment when considering the potential benefits that come from a well
planned tax relief action plan. You will receive legal and ethical counsel that
will help you reduce tax debt while staying in compliance with the IRS and
eliminate the frustrations and emotional stress involved in the tax debt relief
process. Due to the specialized knowledge and complexities for tax debt relief
by retaining a tax attorney, Enrolled Agent or CPA increases your success for
What are some of the potential benefits?
The benefits for tax relief are both tangible and intangible. Tax debts can be
reduce by as much as 90% in some cases, can increase your credit score and
remove tax liens from properties. Debts of less than $10,000 may be paid off
in 5 years if the legal right to a payment plan is accepted. Other plans are
available, such as the one in which you can repay an amount up to $25,000 in
five years, with this amount including all penalties and loan interest. There are
three main offers in compromise that you can opt for: doubt as to liability;
doubt as to collectibility; and effective tax administration. Of course, other
solutions may also be offered by tax debt relief specialists ¨C plans such as the
current uncollectible status, innocent spouse relief, bankruptcy and others can
be discussed during your free consultation . Your tax debt specialist will
suggest the best plan for your individual case and will base their suggestion
on several factors, including your life style and income.
Learn More at www.citizenstaxrelief.com
About the Author
Terry O'Rourke, Managing Director of Citizens Tax Relief, which is a
national tax relief firm with tax attorneys, Enrolled Agents and CPA's has
over 20 years experience helping taxpayers and small business owners. As
O'Rourke states "Citizens Tax Relief philosophy is to educate the taxpayer
and the small business owner to their rights and remedies for tax relief.
Through our free consultations taxpayers are better informed and have the
ability to make educated decisions that can save time and money"
The firm is a member of the Better Business Bureau with an AAA rating with a
reputation for straight forward answers and solutions that have helped
thousands of tax payers and small businesses."
Article Source: http://www.simplysearch4it.com/article/17895.html
|If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/17895.html" as shown above and make it hyperlinked.|
| Some other articles by Terry O'Rourke|
|Making an offer on an Irish Property|
More often than not, First Time Buyer Ireland couples/singles find it very difficult to obtain suitable mortgage offers. However, after you pass the mortgage loan toil, the next issue on ...
Ugly people – more than a joke
We can think long and hard about what makes us humans. The truth of the matter is that we are not perfect and we all have our ...
Ugly men and ugly women – ugly on the inside/outside?
The Internet is one of the most amazing things ever invented. It can offer us all the info we need and much more. The online world can be a lot of fun and today we no longer ...
Do ugly women feel the same as ugly men?
There have been a lot of research studies made about ugly people. When I say ugly people I don't just mean ugly men, but also ugly women, even though they are trying very ...
Ugly women and men facing the issue of beauty
From ugliness to beauty – nothing can be more representative than examples. If you look it up on the Internet, you'll see just how difficult it is for people to reach that artificial billboard look. It ...
Ugly people and charisma
We are sure that the idea of ugly women who nonetheless possess unbelievable, charming and persuasive powers is not new to your mind. ...