canadian income tax relief Free helpful Article
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If you owe the IRS money then they are limited by law on how long that they can attempt to collect this money from you.
90% of tax resolution work is done over the phone, electronically or via FedEx, sometimes you need a tax attorney to literally hold your hand in an audit.
If a lay man attempts to go through this process without proper expert representation, their Offer in Compromise will not only get rejected but they will end up owing the IRS more money than when they started the process.
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The only way they will do so is if you prove that your finances don’t allow you to pay in full. And even then, the IRS will only settle in this manner if you offer more than what they believe they could collect from you.
At any point in time, millions of Americans are facing IRS late filing penalties and interest charges. Unfortunately, it is a common occurrence, especially considering the current state of the economy.
People fail to realize that a foreclosure is still a disposition and needs to be analyzed accordingly. Under certain circumstances the taxpayer may have a taxable gain even though the property was foreclosed upon.
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