Who do i speak to about back taxes?

Question

I owe $40,000 in back taxes and can't afford to pay the payment arrangements the irs offered me. who should i see for professional advice. HR Block? A tax lawyer? A bankruptcy lawyer? or a financial advisor?

Answer 1

no entiendo lo que estas diciendo amigo todo bien?

aguante argentina nos vemos genio!!!!!!!

Answer 2

Speak to a CPA and have him file an OFFER IN COMPROMISE with the IRS, basically offering them subsatntially less amount than what you owe. and he can negotiate terms for you in the case of installment payments.

If taxpayers are unable to pay a tax debt in full and an installment agreement is not an option, they may be able to take advantage of an offer in compromise (OIC). Generally, an OIC should be viewed as a last resort after taxpayers have explored all other available payment options. The IRS resolves less than one percent of all balance due accounts through the OIC program.

Good Luck!

Answer 3

A tax attorney might or might not be able to help you.  The others you list won't.

Answer 4

Generally speaking,  you're usually money ahead to deal with the IRS directly. This is because the amount of the installment agreement for someone with your amount of debt is based on an objective financial statement, not a negotiation. And if you disagree with the amount, the IRS has a process called "Independent Review" which ensures that a non-involved party reviews the proposal prior to it being rejected. This process often uncovers options that the collection representative overlooks.

A couple of these options that are often overlooked are the so-called one and five year rules. The one year rule allows you to pay a minimal amount for a year to give you a chance to eliminate expenses that otherwise would not be allowed on the financial statement. The five year rule allows all expenses that you have provided the entire balance plus projected accruals is paid off in five years.

Answer 5

For someone who owes as much as you do, IRS determines what can be paid by taking your income then applying national and local expense standards for expenses.  Some of these can be pretty Spartan and out of date. The low-level IRS employees you deal with over the phone pretty much have to paint by the numbers.  It may be possible to get the proposed payment changed if an analysis of your financial conditions shows that a lower payment is appropriate.  The same analysis could show a better way to deal with your problem.  Whatever you do, it needs to be done before IRS serves a Notice of Levy on your wages because if that happens you will be left with busfare and not much more.

H&R Block or financial advisors don't handle this kind of work.  Tax attorneys normally deal with the legal side of audits, not collection problems.  A bankruptcy lawyer will tell you that requirements in his forum are about the same as with IRS.

I am an enrolled agent, a tax specialist licensed by the Treasury Department  to represent taxpayers the same as attorneys and CPAs and specialize in clients who have substantial outstanding tax liabilities.  If you would like some additional information outside this forum, you can send me email through my profile.

Answer 6

You need a tax attourney or specialist. Check your local phone book.