Thursday, October 22, 2020

TAX RESOLUTION PROCESS

1. Tax Issues Analysis: After your free consultation, we offer you the choice of hiring us as your tax resolution consultant. New clients sign our engagement letter as well as a Power of Attorney (IRS form 2848). Your tax resolution consultant interviews you further in the effort to complete your financial profile. 


2. Discovery - Investigate: Your tax resolution consultant will immediately get the details of your tax history from the IRS. We will discover your precise tax debt condition by adding this tax history to the information which you already presented to us. We then begin to lay the groundwork for your client-centered solution. 


3. Tax resolution Implementation: We examine various resolution alternatives for their possible inclusion in the overall plan and select several that roughly fit your tax debt condition. We blend parts of various solutions into the working tax resolution plan for your case. At this point we also make sure that you are current with your filing of tax returns. 


4. Negotiation with IRS: We present your proposed tax resolution plan to the IRS. We check the progress of this plan throughout. Usually, the IRS will seek added information. 


5. Tax Settlement: The final resolution will usually settle most tax debts for a fraction. If the final resolution is unsatisfactory, we will advise you of alternatives.


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