When the IRS decides that you owe them money, they will do everything in their power to get the most money possible. IRS auditors are professional information gatherers and will take advantage of the fact that you, may not and probably do not, know your rights. If you owe the IRS money, the first thing you should do is contact a CPA in Reno.
The main reason to hire a CPA is that they know your rights and will make sure the IRS is only getting the information that you legally have to provide to them. Limiting the information that the IRS receives will help you pay less. If they gather excess information, they may start referring to obscure policies and claim you owe them more money.
A CPA will also stand between you and the IRS. Your time is valuable and an experienced CPA in Reno knows that. Hiring a CPA will limit the amount of communication between you and the IRS. This will give you time to focus on work and spend with your family.
The first thing a CPA can help you do is see if there is a way to compromise with the IRS. Many times an experienced CPA in Reno can help you settle for pennies on the dollar. Offers in compromise are a great solution. Once a compromise has been reached, the IRS should quit hounding you.
If the CPA and the IRS cannot reach a compromise, there is still another option. A CPA can help set up a fair payment plan between you and the IRS. Many times the IRS will try to set up a payment plan with you directly. However, these payment plans are usually unreasonable. The IRS does not care how much of your income will be taken; they just look at the dollar signs. A CPA who is experienced in dealing with the IRS will help you set up a reasonable payment plan.
It is important to note that having the proper documentation will help speed up the situation. If you have your tax and income information available, for the time-period the IRS is referring to, it will save a lot of time. A CPA in Reno can help you find and locate this information, but it is going to take more time. The quicker you can deal with the IRS, the better it will be for you and your family.
Anytime the IRS asks you for money, you need to set up a consultation with a CPA in Reno. Do not try to deal with IRS alone, you need someone who knows all the ins and outs.