There are at least two sources you can go to, in order to find out what tax settlements you may owe the IRS. You can visit the IRS website at: www.irs.gov or you can telephone them at (800) 829-1040.
You can get information about tax debt settlements from the IRS.
IRS tax settlements are programs from IRS to allow taxpayers who have difficulty with their tax debts to settle the debt. You can find information online about tax settlements at irs.gov or one of the many commercial websites that also offer for fee consultation services such as .
Tax settlements can be arranged with the IRS to pay off an existing tax debt. Working directly with the IRS is an option, however, hiring a local tax specialist may be a good idea to consider.
To resolve IRS tax debts it is best to consult an accountant or go to an auditors office located within the county building. There it is possible to find people versed in taxes and can help with the process of resolving those debts.
The most common questions for the IRS typically revolve around topics such as tax filing deadlines, refund status, payment options, and how to resolve tax issues.
An IRS tax attorney is usually hired to help resolve tax issues. If you make a mistake on your tax return a tax attorney can help straighten out the mistakes and clear any debts or charges you may face with the IRS. The use of a public accountant may help you file your tax return and prevent the need for an IRS tax attorney in the future.
To resolve IRS tax problems efficiently and effectively, you should first gather all relevant tax documents and information. Then, consider seeking help from a tax professional or accountant who can assist you in understanding your tax situation and developing a plan to address any issues. It's important to communicate openly and honestly with the IRS, respond promptly to any notices or requests, and work towards a resolution that is in your best interest.
If I were you, I would contact a CPA. I would not contact the IRS first under any circumstances.
You first need to contact the IRS to determine what kind of debt you are in and for how much. You then may need to try and negotiate a payment plan with the IRS directly.
I would imagine that a tax attorney is well versed in all tax law. This would be extremely necessary when trying to resolve any fines or other problems that would need to be clarified when trying to resolve any income tax issues.
Accountants mostly prepare returns for taxpayers that are filed with the IRS. Accounts can however represent taxpayers in front of the IRS to retrieve information or resolve a tax issue. Only Accountants, lawyers and enrolled agents may represent people before the IRS.
The IRS states that only settlements due to physical or emotional injury are non taxable, for instance if you received a settlement for mesothelioma. States however may tax settlements as ordinary income.