Choosing The Right Tax Resolution Services: A Guide
When tax issues arise, whether it is unfiled tax returns, unpaid taxes or tax audits, they can quickly become overwhelming. The complexities of tax laws and the daunting process of dealing with tax agencies can turn any tax problem into a stressful ordeal.
This is where professional help in the form of tax resolution services becomes critical. These services specialize in negotiating with tax authorities to resolve tax issues and help taxpayers regain their financial footing. If you are looking for professionals offering tax resolution near me, read on to find out how to make the right choice.
Understanding What Tax Resolution Services Do
Tax resolution professionals work on behalf of taxpayers to negotiate tax settlements with federal or state tax agencies. They can assist with various tax problems including unfiled taxes, back taxes, reducing tax debt, lifting tax liens and levies, negotiating payment plans or settling for less than the total amount owed, known as an Offer in Compromise.
When faced with tax problems, many taxpayers often wonder if they should hire a tax attorney, a Certified Public Accountant (CPA) or an Enrolled Agent (EA). The truth is, the right professional for you depends on the complexity of your tax issue. Each of these professionals offers different levels of expertise.
Choosing the Right Tax Resolution Professional
When choosing tax resolution services, consider the following factors:
Expertise and Experience
- Ensure that the tax resolution service you choose has experience handling cases similar to yours. The tax professional should have in-depth knowledge of tax laws and procedures.
Credentials and Licensing
Always verify the credentials and licensing of the tax resolution professional. Attorneys, CPAs and EAs are authorized by the IRS to represent taxpayers in all matters, including audits, collections and appeals.
Good Communication
- The right tax resolution professional should be one who communicates clearly and frequently. They should be able to explain your tax issues in understandable terms and keep you informed about the progress of your case.