If you are facing a tax debt, then you’ve probably heard about offers in compromise and other ways to negotiate with the IRS. These programs promise to magically reduce your tax debt to pennies on the dollar. But, how can you know if these programs really work? Here are some tips for negotiating with the IRS. 1. Don’t be afraid to ask lots of questions. Always present the facts and law to the IRS with an open mind.
When negotiating with the IRS, don’t accept the first offer. Don’t be afraid to question their reasoning, and don’t give in to their demands. Be firm but polite and establish credibility early on. Avoid giving in to their attitude or agreeing too quickly. If things aren’t going well, terminate the meeting and reschedule it for a later date. Don’t be afraid to tell them that you’re prepared to explain your position, even if you think they’re wrong.
When negotiating with the IRS, don’t accept their arguments. You should always insist on a legal solution and support it with statutes. If you’re not convinced, ask the IRS for a copy of their supporting documents or cite them as your evidence. Make sure to stay calm and show them that you’re confident that you’ve exhausted all options before approaching the agency. The IRS may be aggressive or unprofessional, but it is important to keep calm and remain firm when trying to negotiate with the IRS.
If your case isn’t rejected in the first place, you can appeal the decision. However, you must refute the issues raised in the original rejection of your appeal. If your appeal is accepted, the IRS will give you another chance to negotiate an offer in compromise. If the offer in compromise is accepted, you could settle for as little as $1. This is why it is best to consult a lawyer before starting a negotiation.
It is very common to work with the IRS to negotiate a payment plan. In most cases, the IRS will be amenable to an installment agreement or a payment delay. If you are able to pay the debt, it will be difficult to refuse an offer in compromise. It is important to note that you must submit a Form 656 that outlines the payment agreement between you and the IRS, said LousianaTaxAttorneys.Net. It’s best to hire a qualified and experienced tax attorney for the negotiation process.
Once you’ve decided to negotiate with the IRS, be prepared to present your case convincingly. The IRS is a very good listener, but your argument must be convincing. You must have a strong case for your tax relief plan to be accepted. But it’s important to remember that the IRS is not interested in getting money from your own pocket. It doesn’t care about your situation or the size of your tax debt.