Important Concepts When Making an Offer in Compromise or Proposing an Installment Agreement

When rationalizing an offer in compromise or installment agreement, your IRS debt tax advisor is really always focusing on three key concepts, that is, justifying expenses that are related to: the health and welfare of the family, the production of income, or that the IRS action will create a burdensome economic hardship.

Health and Welfare of the Family

It is very helpful to relate an expense as being essential to the health and welfare of the family.

Production of Income

It is very helpful to be able to justify an expense as being essential to the production of income.

Economic Hardship

If can demonstrate to the IRS that their proposed or actual action is causing significant economic hardship, can get the taxpayer advocate involved.  

Being Reasonable with the IRS

The IRS agents, IRS officers and IRS auditors really aren’t bad people. They want to be convinced that the taxpayer has a sincere desire to make things right with the IRS and get back to paying taxes in full. If your IRS tax relief lawyer can convince them that this is the case, they may be able to obtain concessions from the IRS that aren’t strictly speaking “by the book.”

If you are being reasonable and fair and the IRS still wont accept a compromised position, that is why IRS appeals are available (if acted upon within the stated timeframes).

Also, recognize that it is always going to be easier, lawyer or no lawyer, dealing with the IRS when the tax debt is income tax related - this is because families are involved and a bankruptcy IRS strategy is a potential option. On the other hand, if the tax debt is employment tax / trust fund recovery related, the IRS will inherently be more strict and less compromising - as bankruptcy wont discharge this type of tax debt (your IRS tax lawyer will be working much harder to work around employment tax issues).

How to hire the best IRS tax lawyer to solve your IRS tax problem

After you have evaluated irs tax debt lawyers near you (by the way, we can help you if you call or fill out the form below), the most important way you can help resolve your issue is acting immediately. If the IRS is threatening to collect / levy against you and you have 30 days to appeal, don’t wait until day 28 to see your IRS tax lawyer!

When your tax debt lawyer has to drop everything to handle your tax problem, it is fair for them (and you should expect) to pay a premium for a rush service.

You can’t hide from the IRS. Don’t engage in fraudulent activity to stave off collections actions. For example, if the IRS is threatening to levy against your Bank of America checking account, don’t open up a new Chase checking account to delay the levy. Actions like that wont help your cause, especially when you hire an IRS debt lawyer to try to lower your tax burden, who now has to deal with an angry IRS officer!

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