Tax season is a stressful time of year for individuals and business alike. It gets even more stressful if the Internal Revenue Service contacts you stating there is an issue with your tax forms. Most of the time, errors on tax forms have no malicious intent. It was just a simple error. However, it can still eat up a lot of time and take up a ton of your resources. IRS problem resolution needs to be sought as soon as the issue presents itself so that you can put this event behind.
Call the IRS
As soon as you are notified that there was something wrong with your taxes, you need to get in touch with someone who works at the IRS. You need to get ahead of the problem before it overtakes your life. Additionally, IRS officers are usually open to working with people who actively want to resolve the issue. You will be in a much better position to get assistance from an officer if your taxes have been fine in previous years. That will indicate that this was likely a mistake.
Try to Set Up a Payment Plan
Many times an IRS problem resolution will involve paying off back taxes. There may be some penalties or extra fees added to the amount you owe. If you are able to pay what you owe in one sitting, then it would be beneficial to do that. However, some people and companies may not have the funds readily available to pay off a huge balance. You might have back taxes equaling thousands of dollars, and it would simply be too much of a financial hardship to take it all on at once. Talk with IRS officers to see if you can establish some kind of payment plan or if they would settle for less than the amount owed.
Hire a Professional Accountant
Getting your finances in order on your own can be tough. There are a lot of tiny details associated with tax law, and it can be easy to overlook something. You also want to be certain that this kind of thing never happens again. Know when it would be best to have an accountant look over your tax forms for you before you mail them in.
IRS problem resolution seems daunting, but plenty of individuals have managed to get through it all right. As long as you are honest and communicative about any problems, this time will go by much more smoothly.
To know more how to handle IRS Problem Resolution, contact Uncle Phil’s Tax Advice at (855)829-8477 or visit http://askunclephiltaxadvice.com/. You can connect with them on Facebook for more information!
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