If you are unable to pay federal tax debt, the IRS gives you the opportunity to get a new start known as an offer in compromise. It is critical to understand that retaining an experienced tax attorney is strongly recommended in this situation because specific criteria must be met and open lines of communication need to be maintained. It might seem as though you can handle this opportunity on your own, however, if you are not eligible for streamlined offer in compromise, you should always hire a tax attorney to manage your IRS negotiation. The IRS can take up to 2 years to reject or accept an offer and compromise and the higher the total amount that is owed, the less likely the IRS is to accept a settlement offer.
Hiring an experienced tax attorney to assist you with navigating this process and negotiating the total amount owed gives you a better chance of not only success but of maintaining an offer and compromise which is reasonable for you to pay off. When an attorney is involved, they are more likely to fully understand your financial situation and help to frame it in a way that the IRS may look favorably on your offer in compromise. If the offer in compromise is associated with medical hardships, your attorney can also help gather the information and manage the IRS phone calls so that you can focus on your medical treatments. Knowing these facts and walking through it with your dedicated lawyer is strongly recommended. Getting help from a dedicated attorney is one of the most important things you can do when you have serious IRS debt and want to make an offer to pay a portion of it.
An offer in compromise is one way for you to get fresh start that you need to move on after a serious IRS debt. Having an attorney to assist you with this process will allow you to focus on the rest of your life without the fear of this tax problem becoming any more severe. Identifying a lawyer you can trust is an important component of the process and one that you should not overlook.