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As always, with the IRS and the complex code and procedures, it is best to work with a tax professional to get the best outcome.
When you get tax problem resolution professional recommendations from friends, you need to compare apples to apples. While a CPA will have a cheaper hourly rate than a great tax lawyer, they can’t do what a good tax lawyer can.
If you’re going through your records and find that some of them are missing, call for duplicates immediately. Don’t just go to the audit and claim that the records are missing or lost. At best, the auditor will request that you obtain the records.
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If you have unfiled tax returns you need to do something about this right away. You don’t have anymore time to wait. The longer you put this off the better chance there is of the IRS finding out, getting in touch with you, and making your life miserable.
When you need a tax professional to help you decide how to negotiate with the IRS to pay back taxes, you’ll definitely want to consider an enrolled agent (EA).
The IRS can also keep any proceeds from levies that were served prior to submission of the offer in compromise settlement, but that were not received at the submission date of the offer.
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