Keeping Up With the Speed of Change 3


          It seems today, that the only constant that we can rely on is change. Whether that is true or not, there are many things that we do need to be aware of, and adjust to. There are waves of change that hit us whether we like it or not. In the area of Taxes, one almost yearly change is the IRS collection policy. Over the last few years, they have been given more Congressional tools to use to collect Federal Taxes owed. They were law when signed, but have now started to be administered.
          The best way to avoid these programs is to get help as early as possible. A qualified Tax Professional can be a necessary representative for the Taxpayer to the IRS and keep a bad situation from getting much worse. They keep updated on yearly changes.
          For example, those with an Offer In Compromise with the IRS have in the past had extra time to file all documents while processing the application. This has now changed. If all material is not filed before the application for an Offer In Compromise, it will be revoked and the down payment will not be returned. Procedures change from one year to the next. There are options for those on the IRS radar and they should not go down this path alone.

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