Members

Why Choose a Tax Resolution Specialist

A Certified Tax Resolution Specialist is the best option for resolving your tax issues. However, some taxpayers may be inclined to go straight to the Internal Revenue Service. Those who are certified tax resolution specialists have dealt with a wide range of problems,
each with a unique resolution. In some cases, the optimal outcome can only be
achieved with the help of a trained specialist.

1. File taxes regularly

In general, the Internal Revenue Service (IRS) is willing to extend a second chance to taxpayers who fail to file their returns on time. A first-time penalty abatement even covers failing to file or a late payment if it's your first offense! Routine non-filers, on the other
hand, are not eligible for the same forgiveness from the IRS and will be required
to pay interest and penalties as a result.

In the past, respected CTRs have worked with non-filers and have dealt with tax issues and back taxes. Without the assistance of an attorney, common settlements can include an offer in compromise or a payment plan paired with penalty abatement.

2. There are a lot of outstanding taxes.

Installment agreements, payment plans, and offers in compromise are options available to the majority of small businesses and individual owners. Significant tax debtors will be hit harder by interest than those who owe less, but a tax expert is well-versed in how to work with
the Internal Revenue Service.

A fair offer to pay back taxes is allowed by the IRS, despite the fact that interest is not forgiven. An expert in tax resolution can help you with this. For their clients, they strive to obtain the most favorable tax settlements possible.

3. Personal and business finances

In the early stages of a small firm, it's usual for self-employed persons and small business owners to mix their personal and corporate finances. This can result in incorrect federal and state tax returns. Taxes can also be greatly affected by this.

After-tax returns have been filed, a CPA may still be necessary to separate business and personal finances. In contrast, a CPA with the Certified Tax Resolution Specialist (CTRS) qualification can also do tax preparation.

4. Disputed Liens and Levies

The Internal Revenue Service (IRS) can make mistakes or obtain erroneous data. Tax liens and levies can be contested or appealed, but the process is extremely time-consuming and necessitates meticulous record keeping.

Lien or levy release frequently necessitates the assistance of a professional. Innocent spouse relief can also be obtained through the use of a CTRS for those who have tax issues because their spouse lied on their tax filings.

Hire a Tax Resolution Specialist with IRSLogics

Tax problem solvers can be hard to locate and pick. There are hundreds of organizations to investigate, and not all of them are looking out for your best interests. There should be a history of repeating cases, client reviews, and a wide range of tax services offered by a
competent tax resolution specialist.

You should go with a company like IRSLogics to find the best tax resolution specialists. They'll be able to provide concrete evidence of their knowledge and experience. In order to discover a tax resolution professional, IRSLogics has made it easier than ever to search and
filter tax professionals according to what taxpayers value most.

Views: 3

Comment

You need to be a member of On Feet Nation to add comments!

Join On Feet Nation

© 2024   Created by PH the vintage.   Powered by

Badges  |  Report an Issue  |  Terms of Service