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IRS audit payments / Help with IRS and back taxes in Chicago

If you have been through an IRS Audit and now owe additional taxes, interest, and penalties, or if you just have back taxes to pay, there are several options to consider.

1. If you do not feel that the audit was handled properly, then you have the right as a taxpayer to take the examination into the appeals process given time constraints. Generally the auditors that handle appeals are more experienced and possibly much more professional than the agents that handled the initial examination. Before pursuing such an avenue, one should be reasonably sure that the evidence they have to present is strong enough to warrant an appeal in the first place.
2. If the balance which is left over is reasonable, then you have four choices. You can either pay it off, do a payment plan, do an offer in compromise, or file a bankruptcy. Only specific types of tax liabilities can be discharged in federal bankruptcy.

If you are asking this question in the first place, then its time for a new accountant. Please call our offices today to discuss your options. The Special Accounting Packages section of this website may have a special offer which will benefit you. We have packages for second opinions as low as $500, and IRS payment plans packages starting at $1,500. As highly recommended CPA's and Enrolled Agents providing financial accounting and taxation services in the Chicagoland Area, we have the experience necessary to help your company. Simply call or e-mail one of our specialists today.