Owe Back Taxes Attorney
Offer in Compromise:
When you do not have the full amount, and paying over time is nearly impossible for you, you are going to need to consider an offer in compromise.
Not everyone is going to be eligible. Tax debt relief is not something that is available to all people, something that you have to keep in mind when trying to find help. You may not qualify for this, possibly because of income or asset value, so look into everything beforehand. You need to make sure that everything fits with the eligibility requirements of an offer in compromise. Look into it and other ways to settle with IRS so that you are informed and choosing the best option for you
Experience, Knowledge, Sophistication, and Education of Taxpayer
- Circumstances that may suggest reasonable cause and good faith include an honest misunderstanding of fact or law that is reasonable in light of the facts, including the experience, knowledge, sophistication and education of the taxpayer. The taxpayer’s mental and physical condition, as well as sophistication with respect to the tax laws at the time the return was filed, are relevant in deciding whether the taxpayer acted with reasonable cause.
- If the taxpayer is misguided and unsophisticated in tax law, but acts in good faith, a penalty is not warranted.