It is not just April when people start asking, do I owe the IRS money. And even when you owe back taxes to IRS, you still retain certain rights that a tax professional can help with. Understanding your situation when you owe IRS money does not have to be an insurmountable situation. With some preliminary research, you can find the perfect tax professional to help you.
First, understanding that the government will not take your property or assets without due process can alleviate some of the stress if you owe the irs. The U.S. income tax was first enacted by the Revenue Act of 1861, and since then the tax code has evolved tremendously. In fact, there are well over 1 million tax preparers nationwide, according to the Cato Institute that have to understand current tax laws and codes.
When you begin searching for a tax professional, you can use third party review sites to review comments and experiences from other clients. This will give you some insight into the expertise and success that various tax professionals have had in similar situations. As with any review site, you should understand that some reviews may have some bias, but it should give you a general overview. With a short list of potential professionals, you can begin contacting them for an initial consultation.
Your initial consultation will do a couple of things. First, it will allow you to get a professional opinion about your situation and then it will also help you evaluate their ability to help you. From these meetings you should be able to select a tax attorney or professional that you feel most comfortable with. They can help you negotiate a solution to back taxes or guide you through an appeals process so that you no longer have to worry or ask yourself, do I owe the IRS money?