The Perfect Tool for Tax Pros to Take Charge of IRS Collection is Through the IRS Tax Resolution Software
It was never known in history before that several people owe a huge of amount of tax to the Internal Revenue Service of the government. These people need help badly and are willing to pay any amount just to get this trouble out of their hands. There are people who are knowledgeable enough to help them in dealing with this legally and among them are the CPA, Tax Attorney and Enrolled Agent who have studied how to take care of their liabilities by utilizing different materials such as the Offer in Compromise, Collection Appeal, Installment Agreement, Innocent or Injured Spouse Defense and Collection Due Process among others.
The most promising instrument that is being utilized nowadays is the Offer in Compromise since it is possible that the client’s tax slate will be wiped out clean and will have a big discount as well. Be that as it may, there are still negative and positive effects with this kind of instrument. If you are planning on having the amount of tax that you have to pay discounted, it is very possible for you to gain that but in return you would have to disclose all the information about all of your assets to the Internal Revenue Service. Always remember that the IRS machine is at work and is always monitoring your taxes. Make sure to inform your client in cases where the offer that you submitted will be rejected. When there are a lot of advantages, one of the disadvantages of the Offer in Compromise is that the IRS is only able to accept 20% of the total offers that are submitted. What are you going to do to belong into the 20% of offers that the IRS is accepting? Of course it is a given that you use your brain cells and also you can make use of a tax resolution software logic that can provide you with an analysis of your problem, a diagnosis of the tax problem that your client has in the Internal Revenue Service, and do an evaluation of the client’s possibility for the offer to be accepted and then giving out a form for the client to fill up.
According to a survey done recently, most representatives still prepare Offer in Compromise together with the other resolution cases manually which means that they are still doing it only with their brains, calculators, and pencils. It will take a lot of time and effort for you to be able to back up your case so that you will be relieved of your obligations while being able to provide with all the necessary documents. Therefore it is essential for you to use a tax resolution software logic that will save a lot of your time and effort in processing all the necessary requirements.