If you ever wonder who is in charge in collecting and enforcing income taxes, they are the people working for the Internal Revenue Service or the IRS. From the taxes of people alone, the IRS has declared that a lot of people owe them some money. Getting professional legal help is a must if you are one of these people who owe some money to the IRS and you need to pay them right. Settling these liabilities can be made possible through the help of CPAs, tax lawyers, and enrolled agents. Usually, these liabilities are handled with the help of collection due process, injured or innocent spouse defense, installment agreement, collection appeal, and offer in compromise.
From these many choices, the offer in compromise stands as the most attractive choice. Maintaining a clean tax record and getting great discounts are what you get with the use of this offer in compromise option. Even so, there are still downsides aside from these upsides. You are only given the offer in compromise option when you can give all necessary information about your assets to the IRS. There is no sleep for the tax resolution software logics and machination of the IRS to work and keep constant track of your taxes. A representative from the IRS often comes knocking at your door if they reject the offer you have submitted. The moment they knock at your door, you have to be ready to deal with them.
One of the things that you should know about the IRS is that if you submit an offer in compromise petition, they will only be accepting 15-20% from the submissions. What is the best way for you to be a part of this 15-20% approval rate? Aside from the brains of the tax expert, you have to make use of a reliable IRS recommended tax software. As a client, you will get to learn what really is the root cause of the problem at hand. It assists in getting into the details of the current situation that the client is in and how to go about increasing chances of approval from the IRS.
The use of the offer in compromise and its process are still being carried out manually on the part of a lot of tax experts. The use of pencils, calculators, and their brains are often inevitable. If you must file for this request to the IRS, you have to make use of a lot of your time and effort in dealing with necessary documents. Doing all of these things should be far from your concern with the help of a reliable IRS recommended tax software. Your time and money are both saved through this tool. Besides having things automated, you can also get updates through the software from the IRS.