Individuals can pursue a tax resolution with the IRS on their own; however, without knowledge of the tax code, it is very hard to achieve the best resolution.
Chicago, IL (PRWEB) June 12, 2013
The IRS has specific eligibility requirements for taxpayers facing large income tax debts that wish to enter into a tax relief program. CTR will investigate your finances and compare your records to your IRS master file. Once we have finished our investigation, you will receive a detailed report of our findings and a recommendation of which tax resolution is best suited to your financial situation, whether you owe the IRS money, have an income tax problem, or simply need tax problem help.
“Individuals can pursue a tax resolution with the IRS on their own; however, without knowledge of the tax code, it is very hard to achieve the best resolution. The Community Tax Relief process maximizes your personal and business expenses allowed pursuant to the IRS collections framework and takes advantage of the rules and procedures in the Internal Revenue Manual. And our experienced staff has the resources and experience to get your investigation and negotiation right.” said one of the company’s tax relief lawyers.
The tax preparation department can work with a client to stop the growth of a balance owed by helping them turn their returns into the appropriate tax agencies. IRS lawyers with CTR that specialize in tax debt relief will contact revenue officers to negotiate resolutions that will keep a taxpayer from facing collections activity like tax lien and tax levies.
All tax problems are unique to the individual. Because of this, the time frame is also unique to the tax problem. CTR’s Phase 1 Investigation will take approximately 30 days. The Phase 2 Resolution Process can take anywhere from 1 to 9 months. The IRS has an obligation to work with taxpayers who are struggling financially. The government is only interested in collecting back taxes and has a formula for determining a taxpayer’s Reasonable Collection Potential. Using that number, the IRS will agree to a tax settlement rather than spend its own resources attempting to collect taxes that an individual cannot pay.
CTR offers tax debt resolution and tax services for individuals and businesses across the United States. The company uses a three-step program to create personalized strategies to help taxpayers settle their IRS debt. The company offers many services, including: state and federal tax debt resolution, IRS audit defense, tax preparation and bookkeeping.