| With years of record deficits (and even more in the | | | | There have been whole books written about avoiding |
| proposed budget), the government is more eager than | | | | back taxes and IRS penalties. Every year those books |
| ever to get every dollar of back taxes and IRS | | | | get updated. Any good Tax Resolution Specialist will |
| penalties from delinquent taxpayers. If you find yourself | | | | tell you that the best way to avoid an audit is to file |
| owing back taxes and IRS penalties, here are the | | | | and pay on time. If you can't pay in full, at least make a |
| seven little secrets the IRS hopes you never see. | | | | token payment of $5 to avoid nonpayment IRS |
| 7 secrets to know to reducing back taxes and IRS | | | | penalties. If you get an audit letter, they know the steps |
| penalties: | | | | to take to end the audit quickly. You wouldn't believe |
| 1) Knowing your taxpayer rights gives you leverage. | | | | how long some IRS auditors take to perform an audit. |
| The most significant way to reduce back taxes and | | | | Just to give you an indication, once your audit reaches |
| IRS penalties in the audit process is to know your | | | | the 28th month stage, the IRS will ask you to file Form |
| rights as a taxpayer. Instead of feeling powerless in | | | | 872, granting the IRS an extension to continue auditing. |
| the face of potentially crushing back taxes and IRS | | | | Every tax attorney or Certified Tax Resolution |
| penalties, a good tax attorney will allay your fears by | | | | Specialist in the country will tell you not to sign without |
| informing you of all the rights and options that are | | | | trying to negotiate a back taxes and IRS penalty deal. |
| available to you. | | | | Once an audit reaches the THREE-YEAR mark, Uncle |
| 2) Filing unfiled tax returns is an opportunity for a fresh | | | | Sam can't levy IRS penalties. (This almost never |
| start. | | | | happens.) So unless you want to possibly lose almost |
| You can get a fresh start on your back taxes and IRS | | | | three years of your life to the IRS, let a tax |
| penalties, even if you haven't filed your returns in | | | | professional find a way to end the audit as soon as |
| seven years. Think of it as a back taxes and IRS | | | | possible. |
| penalty reboot. Any tax professional will tell you that | | | | 6) Legal representation for audits vastly improves your |
| you won't get off scot free (trivia point: "scot free" is a | | | | chances for successful tax resolution. |
| 13th century Scandinavian term for tax free), but you | | | | If you get audited, talking to the auditor yourself is the |
| can improve your back taxes and IRS penalty situation. | | | | worst thing you can do. Everything you say is an |
| Yes, in addition to the regular back taxes debt and | | | | admission of guilt (at least in the eyes of the IRS). |
| standard IRS penalties, you might have to pay as | | | | Every tax attorney or Certified Tax Resolution |
| much as 25% in non-filing and non-payment IRS | | | | Specialist can tell you real life horror stories where a |
| penalties, but in going back years to file unfiled tax | | | | taxpayer made what they thought was an innocent or |
| returns, you have the benefit of 20/20 hindsight. You | | | | helpful comment that landed them with HUGE back |
| can amortize losses. A Certified Tax Resolution | | | | taxes debt and IRS penalties. As the proverb states, |
| Specialist, by submitting several years at once, may | | | | "he who is his own lawyer has a fool for a client." |
| get you a better deal on an individual year by reducing | | | | Treat an IRS audit as seriously as you would a murder |
| your back taxes and IRS penalties collectively. | | | | trial. You are looking at jail time here. Get tax help from |
| 3) Take your pick of 148 IRS penalties. | | | | a tax attorney or Certified Tax Resolution Specialist |
| Just like Eskimos have 40 words for snow, Internal | | | | as fast as you can. |
| Revenue has over 148 different IRS penalties they | | | | 7) The IRS does make deals. |
| CAN hit you with. Even the best tax professional might | | | | The tax man does make deals on back taxes owed, |
| not be able to prove your back taxes innocence, but | | | | including interest and IRS penalties. Because this is |
| your they might be able to persuade the IRS to levy a | | | | probably your first time before the IRS, you don't know |
| lesser back taxes debt and IRS penalty. The IRS | | | | the kind of deals you can get. A tax attorney or |
| auditor on the other side of the desk has a lot of | | | | Certified Tax Resolution Specialist makes deals with |
| latitude to decide what IRS penalty to inflict. This is | | | | them all day every day including negotiating Offer In |
| where a seasoned Tax Resolution Specialist earns | | | | Compromise tax settlements and IRS payment plan. A |
| their fee. A tax professional is fully fluent in every tiny | | | | tax attorney or Certified Tax Resolution Specialist has |
| nuance of the IRS tax code language. Watching them | | | | a professional relationship with IRS auditors. They |
| haggle with an agent over back taxes and IRS | | | | know not only what deals they have personally gotten |
| penalties, is like watching an opera in a language you | | | | from the IRS in the past, but a good tax attorney or |
| don't understand. One virtuoso performance later, what | | | | Certified Tax Resolution Specialist hears about the |
| you feared would be a dark and stormy bloodbath | | | | best deals others have gotten from the IRS, as well. |
| finishes with a happy ending. | | | | You want a tax attorney or Certified Tax Resolution |
| 4) You can reduce IRS penalties to zero for | | | | Specialist, and their deal-making experience, in your |
| reasonable cause. | | | | corner. |
| If you've got a superstar tax attorney or Certified Tax | | | | When it comes to an IRS audit or reducing your back |
| Resolution Specialist, they can help you reduce the IRS | | | | taxes, you may feel you've been dealt a bad hand, but |
| penalties to zero. You may think you've got a | | | | knowing these seven little secrets to reducing back |
| reasonable cause to reduce IRS penalties, but in most | | | | taxes and IRS penalties can be your ace in the hole. |
| cases your back taxes excuse has been tried a million | | | | Getting an experienced tax attorney or Certified Tax |
| times before without success. Only someone who | | | | Resolution Specialist to play your cards is the best |
| knows the IRS tax code inside and out will know what | | | | way to walk away from this high-stakes game a |
| "reasonable causes" work with the IRS. | | | | winner. |
| 5) You can end IRS audits. | | | | |