Sometimes the solution to a tax problem is simple, and Greg McCauley's advice will enable you to resolve it. If the situation is more serious, a phone call will let you know if a consultation would be in your best interest. That consultation will help you decide how to move forward with one of the following resolutions.
Installment Agreement
Because it is owed more than 100 billion dollars by individuals and businesses, the IRS is amenable to working out an installment agreement that allows payment over a period of time rather than all at once. As long as you meet the payment schedule, no liens or levies are filed in smaller cases.

Your monthly payment amount is based on what you can afford, not on the total you owe. However, the IRS guidelines for monthly expenses allowed are very stringent. You must understand these guidelines before any monthly payment agreement is made. For that reason, McCauley Law Offices will thoroughly review your financial position and can usually suggest some financial planning, such as buying a car or insurance, before making or offering a monthly payment that the IRS will accept.
Offer in Compromise
Offer in compromise, as the phrase implies, is an agreement with the IRS that reduces what you owe to an amount you can afford. If an installment agreement is not an option for you, then an offer in compromise may be the best solution.

Preparing and successfully negotiating an offer in compromise is a complicated procedure that currently takes six to twelve months. McCauley Law Offices handles the entire process. You never have to meet with an IRS agent at any time. When the offer is accepted, then paid, all principal and interest stop accruing and all federal tax liens are removed. However, you must stay current and compliant for the next five years, a commitment that entails substantial paperwork.
Penalty Abatement
As tax penalties escalate and interest accrues, the burden on you and your family gets worse. In many cases, it is the large penalties assessed that prevent taxpayers from becoming current.

In certain hardship cases, if a taxpayer can show reasonable cause, penalties can be reduced or occasionally even removed. This resolution is governed by strict IRS guidelines, and the measure of Greg McCauley's success with these cases is the result of his knowing when the IRS will consider granting relief. Acting as an advocate, he is in the best position to argue your case.

Should you be tempted to try resolving a tax problem on your own, consider the words of Oliver Wendell Holmes: If you represent yourself, you have a fool for a client.
 
 
 
 
 
When the IRS issues a summons calling you in for an audit, your only option is to comply. Because the summons is both intimidating and enormously time-consuming, it is a job better left to a representative. An audit can potentially result in substantial penalties and interest, another reason why the process should be handled by someone who understands that IRS auditors are trained to extract more information than you are required to provide.

Our first recommendation is that you do not speak or meet with an IRS auditor. When you engage an independent attorney to handle all correspondence and meetings with the IRS, it sends a message that you are serious about refuting any charges.

Because the preparation for an IRS audit appointment is crucial, McCauley Law Offices will actually perform an audit of your records before the scheduled audit date. The process will uncover any inadequate documentation before the IRS has a chance to discover it...
 
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Chadds Ford, Pennsylvania, 510 Kennett Pike, P.O. Box 115, Chadds Ford, Pennsylvania 19317