Escape IRS Woes Today Settle Back Taxes Fast
Professional Help: Is It Worth It?
While some taxpayers can navigate IRS negotiations on their own, hiring a tax professional can be beneficial, especially for complex cases. Tax professionals, such as enrolled agents, CPAs, or tax attorneys, have the expertise to negotiate with the IRS on your behalf, potentially securing more favorable terms. They can help you understand your options, prepare necessary documentation, and ensure compliance with IRS requirements, saving you time and stress2.
Costs and Considerations
The cost of resolving back taxes can vary depending on the complexity of your situation and the services you choose. The IRS charges a $205 fee for setting up an installment agreement, but this fee can be reduced to $43 for low-income taxpayers3. Professional tax resolution services typically charge fees based on the amount of tax debt and the services provided. It's essential to weigh these costs against the potential savings and peace of mind gained from resolving your tax issues.