If you’re considering whether or not to negotiate your tax concerns with the IRS, there are a few things you need to know. First, it’s important to understand that negotiation is a two-way street. Oftentimes, the IRS is willing to negotiate if you’re willing to accept what they offer you.
That said, it may be in your best interest to hire a tax attorney to assist you in your negotiations. A tax attorney has considerable experience dealing with the IRS—often on a daily basis. As such, tax lawyers are better equipped to negotiate on your behalf to ensure that both you and the IRS are happy.
How Do Negotiations Work?
Negotiations with the IRS can happen in two ways. The first is if you’re under audit, which will be your initial meeting with the IRS. At this meeting, the IRS will tell you what they want, and then it’s up to you to negotiate. However, before this meeting, the IRS has already made an offer, and they may not be willing to negotiate lower.
The other option is that negotiations can occur after you have filed your taxes and received a bill from the IRS for those taxes. At this point, you can either negotiate or hire a tax attorney because your case will be much stronger with a lawyer at your side than without one.
If you choose to go through negotiations on your own, it’s important that you understand all of your options before beginning them, as there are many factors at play here, and mistakes can lead to greater penalties later on.
Furthermore, if you reach a negotiation with the IRS, you must make sure that you meet your repayment responsibilities as agreed upon. For example, if you agree to repay $150 a month, you need to be willing to do everything you can to make sure the IRS receives your payment on time.
Failure to meet your obligations will likely result in you losing your payment plan and having to pay the full amount of what you owe. Therefore, you should consider hiring a tax attorney to help you determine what amount you can reasonably afford to repay each month.
What Are the Benefits of Hiring a Tax Attorney?
When you work with a tax attorney, you’ll get expert advice and guidance that can help you reach a mutually beneficial agreement with the IRS. A legal professional will know how to work out any details and negotiate the best possible outcome for your case.
If you’re unsure of what to expect when negotiating with the IRS, a tax attorney will be able to give you an accurate picture of what the process is like. This will allow you to make informed decisions about if it’s worth your time or not.
A tax lawyer’s experience in negotiations is invaluable because they have seen every type of negotiation scenario there is, so they’ll have useful insight that can come in handy during negotiations.
Avoiding Difficult Negotiations with the IRS
The worst thing you can do is ignore your tax obligations altogether. Remember, the IRS is generally willing to negotiate with you, as it means they will be getting something rather than nothing at all. But if you decide to completely ignore them and the money you owe, you can rest assured that the IRS will lower the proverbial boom to get what’s theirs.
It’s understandable if you feel intimidated or are afraid to call the IRS about the money you owe. If that’s how you feel, why not let an experienced tax attorney handle it for you? The Law Offices of Mary King have been dealing with the IRS for decades now and know how to approach them in all matters related to taxes. There isn’t any tax problem you could have that Mary and her team haven’t seen.
With this kind of experience and confidence on your side, you stand to get a favorable outcome in your negotiations with the IRS. So if you’re on the fence about whether to negotiate with IRS by yourself or hire a tax attorney to do it for you, the answer is clear: A tax attorney has a far better chance of success. And by representing you, the IRS will take your negotiations more seriously. In fact, having a tax attorney could even lower your tax bill!
Hiring a Tax Attorney Can Lower Your Tax Bill
The IRS is almost always willing to negotiate with a tax attorney, especially when they are an established and trusted tax attorney like Mary King. As such, it’s important to have a tax lawyer on your side. Negotiating can be difficult, but Mary’s experience and dedication to the industry simplify even the most challenging tax matters.
When you enlist the services of the Law Offices of Mary E. King, you’re getting a highly accomplished tax attorney to assist you throughout negotiations with the IRS. If you would like to discuss your current tax-related concerns, call Mary King right away.
Are you Ready to Proceed with Negotiations?
The information in this blog post is for reference only and not legal advice. As such, you should not decide whether to contact a lawyer based on the information in this blog post. Moreover, there is no lawyer-client relationship resulting from this blog post, nor should any such relationship be implied. If you need legal counsel, please consult a lawyer licensed to practice in your jurisdiction.