“In fact, if a taxpayer attempts to negotiate a tax relief settlement with the IRS without expert representation, the success rate is less than 23 percent,” said Michael Rozbruch, a Certified Tax Resolution Specialist and founder and CEO of Tax Resolution Services, Co. (TRS). “That’s less than 1 in 4 offer in compromise applications that will be accepted when a taxpayer prepares and submits an offer without professional tax help.”
Rozbruch also warns that taxpayers can find this option quickly closed to them should they commit any critical errors—what he calls the “Seven Deadly Sins”—while attempting to secure a favorable resolution to their tax liabilities.
Among the common missteps that can mean the difference between a successful offer in compromise and one that is summarily rejected by the IRS are the following:
* Failing to file the next tax return while in the offer stage for back-taxes owed.
* Failing to stay current with any taxes due while in the offer stage.
* Showing hostility at any point toward IRS agents.
* Misrepresenting your financial position in documents presented in the offer.
* Making misleading or deceitful statements to the IRS in any verbal or written form.
Read more at the Seven Deadly Sins of Tax Relief Revealed: Critical Errors to Avoid in the IRS Offer in Compromise Process at http://www.taxresolution.com/
Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Their expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% - second to none in the industry - and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call 888-851-5894.
Tax Resolution Services, Co
(818) 774-1813 ext. 326