It is the duty of the Internal Revenue Service, a government agency, to enforce the law on tax and to collect taxes from people who are obliged to pay for it. To have this problem solved, people who are involved in tax evasions are willing to pay any amount so that everything will be settled and so that they can get rid of the pain that this is causing them. If you belong to those numerous people who are unable to pay their taxes on time, the best thing for you to do is to ask for the assistance of a CPA, Enrolled Agent, or Tax Attorney to help you deal with your problem by using instruments such as the Offer In compromise, Collection Appeal, Innocent or Injured Spouse Defense, Collection Due Process, Installment Agreement, and many more.
In order for the taxpayer to lessen that total amount of tax that needs to be paid, he will try to make some form of settlement with the Internal Revenue Service through the Offer In Compromise instrument. Even though this is the most attractive instrument that are used by many, it still has its pros and cons. If you want to get a discount of the total number of liabilities that you have to pay to the government for your taxes, you will have to risk all of the information that you have about your asset by disclosing them to the Internal Revenue Service. The taxes that you need to pay for are encoded in the IRS machine which is never asleep that is why there is no way for you to get rid of all your tax obligations. In case the offer that you made to the Internal Revenue Service about the settlement would be rejected, you should be able to inform your client so that he will not be surprised in case somebody will come to knock on their door. You need to take note that the Internal Revenue Service only approves 20% of the total petitions are are submitted to them with regard tot eh Offer in Compromise. So what do you need to do in order to secure a spot in the 20% that are being accepted by the Internal Revenue Service? You need to make an evaluation of the chances that you have in getting rid of your tax problems and this can be made through a software that can also make an analysis for you, aside from the fact that you still need to use your brain always.
A survey shows that there are still representatives who manually prepare the Offer in Compromise which is literally by using calculators, pencils, and one’s brain.