You’ve received a letter asking for payment of back taxes. Based upon what you have heard, you may have some preconceived notions concerning tax resolution, many of which have no basis whatsoever. To ensure you handle things correctly, it is important to separate fact from fiction, which is why we would like to debunk some of the common myths.
Myth #1. You only have one chance to resolve your tax liability.
Fact: This is a myth often perpetrated by unscrupulous “advisors” in an effort to frighten people. By making people feel as though there is only one opportunity available, scam artists hope these individuals will act out of emotion.
Myth #2: Tax debt can usually be resolved for pennies on the dollar.
Fact: Companies that advertise an ability to settle your tax debt for pennies on the dollar make it seem as though your burden is negotiable. While some people may be eligible for an Offer in Compromise (OIC), a program that allows for negotiation, not everyone will qualify. Those who are ineligible must come up with another plan for paying their past-due debt.
Myth #3: Tax resolutions companies must adhere to a professional code of ethics.
Fact: There is no governing body or “code of ethics” for tax resolution professionals. As such, it is important to hire a reputable accountant such as those on the Roberts Tax Advisory team to assist you.
Myth #4. A tax resolution professional will represent me in front of the I.R.S.
Fact: Most resolutions take place over the phone or via the Internet. Unless your matter is extremely complicated, the odds of a face-to-face meeting is actually very slim.
You may have heard other things about tax resolution that you would like to confirm or deny before proceeding. If so, we invite you to contact us for solid answers to all of your questions.
