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Instant Tax Solutions | Ratings and Reviews of Common Tax Problems

In Finance on April 26, 2012 at 1:28 pm
Instant Tax Solutions Ratings

Instant Tax Solutions Ratings

Instant Tax Solutions Ratings and Reviews Team says U.S. taxpayers with problems now have more options.

The IRS, says the Instant Tax Solutions Ratings and Reviews Team, can be confusing and intimidating. It doesn’t have to be, however, as there are solutions to common problem. The Instant Tax Solutions Ratings and Reviews Team points out that, while the IRS can and does act swiftly in cases of delinquency, they do have provisions that allow for unexpected circumstances.

When a taxpayer simply does not have all of their supporting documentation in order, the Instant Tax Solutions Ratings and Reviews Team advises that an extension of up to four months may be requested – however payment of any owed taxes is still due. If money is the issue, such as when a medical emergency has all available funds tied up, a taxpayer may request to delay their liability by up to 6 months, says the Instant Tax Solutions Ratings and Reviews Team.

The Instant Tax Solutions Ratings and Reviews Team points out that filing or paying late can result in heavy fines and penalties. Taxpayers may request that these fees be removed if extenuating circumstanced can be substantiated; for instance, the Instant Tax Solutions Ratings and Reviews Team notes that personal tragedy such as a major illness or auto accident may be forgivable delays. In these situations, penalties abatement may be requested. The Instant Tax Solutions Ratings and Reviews Team encourages taxpayers to ensure that they have proper documentation to support their request, and to always send copies – never release an original document.

According to the Instant Tax Solutions Ratings and Reviews Team, even old debt may be considered for penalties abatement. If the taxpayer can show reasonable cause for the delay and can prove they acted in good faith to pay, the Instant Tax Solutions Ratings and Reviews Team notes that having some of the penalties canceled can be a great start at getting their debt under control.

There are even provisions in the IRS tax code that allow for deductions to be considered when the IRS denies them, notes the Instant Tax Solutions Ratings and Reviews Team. For taxpayers who should be entitled to certain deductions but have misplaced records, the Instant Tax Solutions Ratings and Reviews Team points out that having an affidavit, that is the written testimony of the taxpayer claiming the deductions are legit, is often a sufficient replacement to an original receipt.

These are just a few situations where a tax bill can be reduced. Instant Tax Solutions offers ratings of taxpayers’ economic status to help them determine if any of the IRS programs are a good match. For more information on the firm, or for Instant Tax Solutions ratings, reviews, and services offered, please visit http://www.instanttaxsolutions.com

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