The Smart And Easy Way To Get Tax Help

Posted on 03. Oct, 2011 by in Back Tax Returns, Back Taxes, Help Filing Back Taxes

Tens of millions of Americans get tax help every year through a variety of sources and for a myriad of reasons.

Their needs may be simple and solved through a telephone call to the Internal Revenue Service and a conversation with an assistor. Or they may choose to visit an IRS Taxpayer Assistance Center, if one is conveniently located and if they can spare the time, which often includes an average wait of one hour.

At other times, these fellow citizens, as well as others who are required to file a federal tax return, need to get tax help for more serious and relatively complex federal income tax issues.

When this is the situation, wise taxpayers will usually turn to a tax professional to get tax help. This could mean either a certified public accountant (CPA) or a tax attorney.

What kinds of problems warrant the services of a professional?

The answer to this question likely depends on the unique situation of the taxpayer. This includes his or her own level of education, experience and familiarity with the procedures of IRS.

And then there is the matter of the complexity of the issue or issues that are pushing the taxpayer to get tax help.

For example, if a taxpayer wishes to pay a tax debt through an Installment Agreement and owes combined tax, penalties and interest totaling no more than $25,000, an Online Payment Agreement is available.

Those who owe more than $25,000 may qualify for an Installment Agreement but must first submit a completed Form 433F, Collection Information Statement.

Both of the aforementioned Installment Agreement options sound pretty simple on their face.
But, remember that some combination of mistakes, misunderstandings and misjudgments led to the tax problem in the first place. And, as is most often the case, a tax professional was not involved. That’s why a taxpayer will need tax help.

At this point, how can you comfortably enter into a binding agreement with the federal tax collector without even knowing your comfort zone for making regular monthly payments? This is a matter of supreme importance, especially as the economy remains weak, the real estate market is semi-tragic, and the unemployment rate remains high. Only a professional can accurately help you decide on a reasonable monthly payment given your individual circumstances.

Before affixing your signature to any agreement with IRS, perhaps your best insurance policy is to get tax help from a professional.

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