History has been undergoing sudden changes these days when it comes to the Internal Revenue Service since there are quite a number of individuals who owe taxes to them. People who have problems with their taxes are willing to pay whatever it takes to free them from this responsibility Let me name a few of the instruments that Tax Attorneys, CPA, and Enrolled Agents make use of in order to help their clients with the settling of the liabilities that they need to pay for, and they are Collection Appeal, Offer In Compromise, Collection Due Process and Installment Agreement, Injured or Innocent Spouse Defense.
If the client’s tax slate will not be deducted, there is a bigger chance that it will be wiped clean and this is only possible with Offer In Compromise that is why this is considered as the most promising instrument these days. Be that as it may, there are still some positive as well as negative effects from this instrument even if it is being used by many. Even if you are granted a discount with the use of an Office In Compromise software, the Internal Revenue Service will still require you a complete list of all the assets that you possess. There is no chance for you to lie about your taxes since a machine is being utilized by the Internal Revenue Service to monitor all of the taxes. Someone from the Internal Revenue Service will surely be looking for your client if your appeal about the offer will not be accepted so make sure that you have kept your client informed of the progress of his case. Only 20% of the total number of appeals made to the Internal Revenue Service with the use of Offer In Compromise will be accepted and this may not be a good thing for you if you will not be included. There are surely importance factors that you need to do so that you can be included in the 20% of offers that are being accepted by the Internal Revenue Service. There is a form that the client needs to fill up after given an evaluation of the chance that he has in belonging to the 20% of appeals that are accepted. That is why you should make use of a tax resolution software logic which will be able to help you in fixing your problem by making an analysis of it.
According to a recent survey, there are still representatives who are still using a calculator, pencil, and their brains to have the cases for the Offer In Compromise done.