April 16, 2024


Association Of Law

How to Increase the Odds of Having a Successful Tax Resolution Case

2 min read

When it comes to helping taxpayers secure their best option, the IRS is usually not forthcoming. The following strategies will ensure you take the right approach and increase the likelihood of a successful tax resolution case.

Understand how and when to use different settlement types

It is important to make sure your request is the right type. There are two primary types of settlements. Knowing which one to use and how to use them will determine whether you are able to get your client their successful outcome, as quickly as possible.

  • Installment Agreements. The most basic type of settlement, an installment agreement is typically best for clients that owe back taxes, but do not have any other extenuating circumstances. It does not allow the tax payer to pay less than they owe, but they are able to arrange a way to pay their debt to the IRS. For example, if they cannot afford a one lump sum payment, they might be able to secure a payment plan.
  • Partial Payment Installment Agreements. Unlike an installment agreement, a partial payment agreement (PPIA) does not require the taxpayer to pay their debt in full. This option works best for clients that are unable to make large enough payments on the tax debt to erase the debt before the debt becomes uncollectible (due to the CSED date).
  • Offer in Compromise. Less easy to secure – and one of the best options for clients – is an offer in compromise (OIC). This option allows the taxpayer to settle their debt without having to pay the full debt or wait until the CSED date runs out. To obtain this option, you will have to prove that an OIC represents the most the IRS will be able to collect from that taxpayer.

Know how to use the Internal Revenue Manual (IRM)

No one wants to read the Internal Revenue Manual (IRM). However, it can quickly prove to be one of your best tools when representing a client before the IRS. You will want to make sure that you can back up the foundation for your client’s case in facts and IRM references; thus, increasing your chances of tax resolution success.

How to Offer the Best Services to Your Clients

Do you want to make sure your business is offering clients more than just successful tax resolutions cases? Do you want to take their experience with your business to the next level? One easy way you can ensure your clients are being offered the best services and options in the industry is by securing a tax resolution merchant account. Take advantage of the many payment processing options and business funding solutions high-risk providers have to offer, so you can focus more on growing your business and chasing down solutions for your clients.

Author Bio: Electronic payments expert Blair Thomas co-founded eMerchantBroker, serving both traditional and high-risk merchants. His passions include producing music and traveling.

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