Taxpayers Struggling with IRS Issues Have Rights!
Confronting the IRS collection process can be intimidating. As a taxpayer, you have unique rights that can guide you through this journey, including the right to professional representation. Paul Francetic’s mission is to provide the necessary knowledge and support for taxpayers navigating the complexities of IRS collections.
Written by: Paul Francetic, EA tax relief expert.
The IRS Collection Process: What You Need to Know
The IRS collection process comes into play when there are outstanding tax debts, such as unpaid income taxes, employment taxes, and other types of tax debt. Understanding the nature of your tax debt is crucial as it directly affects your available resolution options.
During this process, the IRS might issue a tax lien against your property, a legal claim due to unpaid taxes. In more extreme cases, the IRS could enact a tax levy, allowing them to seize your property to offset your tax debt.
You’re Entitled to Representation During IRS Collections
The Taxpayer Bill of Rights is a cornerstone document from the IRS, outlining your entitlements as a taxpayer. Key to those facing IRS collections is the right to professional representation.
This right allows you to have an authorized representative, such as a CPA or EA, represent you during your interactions with the IRS. Your representative can communicate with the IRS on your behalf, offering valuable guidance and negotiation throughout the collection process.
Understanding Penalties, Interest, and Payment Options
Unsettled tax debt can accrue penalties and interest, which over time can significantly increase the amount you owe. It is essential to factor these additional costs into your repayment strategy.
The IRS does offer multiple payment options for taxpayers. These options include Installment Agreements, enabling you to spread out your tax debt payments over time, and the Offer in Compromise program, which, under certain conditions, allows you to settle your tax debt for less than the full amount you owe. There may also be opportunities for temporary pauses in the collection process.
Celebrating 19 Years of Solving Tax Problems
Risks of Self-Representation Before the IRS
While the thought of representing yourself before the IRS might seem tempting, it’s crucial to understand the risks involved. The IRS is a powerful entity with comprehensive resources. Interacting with them requires a deep understanding of complex tax laws and regulations, which can be challenging for those without professional tax training.
Mistakes made during the collection process can lead to financial penalties, increase your tax liability, or worse, legal consequences. Moreover, the stress and time consumption of self-representation can be overwhelming.
The Benefits of Professional Representation
This is where Francetic Tax Resolution steps in. Our team of experienced tax relief experts specializes in providing professional IRS representation. We navigate the intricacies of the tax resolution process and offer guidance tailored to your circumstances.
By enlisting our services, we can assess your situation, provide personalized advice, negotiate with the IRS on your behalf, and stand by your side during IRS proceedings. Our primary aim is to shoulder the burden of IRS communication, freeing you to focus on your obligations with minimal stress.
Tax problem? We can help you!
Being subject to IRS collections can feel daunting, but armed with knowledge and exercising your rights, especially the right to professional representation, can make the process more manageable. At Francetic Tax Resolution, we are dedicated to equipping taxpayers with accurate, timely, and relevant information.
As tax laws and procedures evolve, we ensure that we remain updated and provide guidance based on the most recent legal landscape. If you’re facing IRS collections, reach out to us today. Let’s walk the path to tax relief together.
Start Your Tax Resolution Journey
Start Your Tax Resolution Journey with Paul Francetic, EA
Fill in the form below and we'll contact you to schedule a free case evaluation! During the evaluation we'll discuss your specific situation and create an action plan to end your tax problem!