Tax Relief Definition Free Useful Infos
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If the IRS decides to move forward with a levy you could end up losing your home, or having money taken from your wages, bank account, etc.

Tax professionals have your money, they have no incentive to go the extra mile for you. If your tax attorney, tax resolution specialist or CPA wants some "good faith money" that's fine.

If a lay man attempts to go through this process without proper expert representation, their Offer in Compromise will not only get rejected but they will end up owing the IRS more money than when they started the process.

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Once you have completed Form 9465 and have an agreement in place, the IRS will suspend all collection efforts and will not issue any bank levies, wage garnishments, or send additional collection notices.

Reasonable cause for late filing includes:- The death or serious illness of the taxpayer or an immediate family member of the taxpayer,the unavoidable absence of the tax payer on the filing date; or the construction of the taxpayer's business or personal residence.

Not only is it critical to file your forms timely, you must make sure that you carefully reply to any IRS correspondence. The IRS may request additional information in order to process your offer.

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