As soon as you or your business receives the very first correspondence from the Internal Revenue Service. Time is of the essence to get in front of the situation and get the best outcome for you.
Typically there are 3 paths to resolve a tax debt:
1. Offer in Compromise
2. Installment Agreement
3. Currently not collectible status
Every situation is unique to the taxpayer. We would need to consult before recommending a plan of action.
You are the only person that can answer this question. Experience counts! Make sure you feel comfortable with the person representing you. You are going to have to work closely with your tax professional to get the best outcome possible. Make sure their credentials are legitimate and they have a good track record with the IRS.
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