How to Reduce Your Risk When Settling with the IRS 

Dealing with the IRS can be intimidating, especially when it comes to settling tax debts. The good news is that taxpayers have rights when it comes to dealing with the IRS. Understanding these rights can help you navigate the process and ensure that you are treated fairly. In this article, we will discuss the key rights that taxpayers have when dealing with the irs installment agreement payment.

1. The Right to Professional Representation

One of the most important rights that taxpayers have is the right to professional representation. This means that you have the right to hire a tax attorney, enrolled agent, or certified public accountant to represent you in your dealings with the IRS. These professionals can help you understand your rights, negotiate with the IRS on your behalf, and ensure that your rights are protected throughout the tax settlement process.

2. The Right to Privacy

Another important right that taxpayers have is the right to privacy. The IRS is required to keep your tax information confidential and cannot disclose it to any third party without your consent unless authorized by law. This means that you have the right to keep your tax information private and confidential.

3. The Right to Challenge the IRS

Taxpayers also have the right to challenge the IRS’s actions if they believe that the IRS is wrong. This includes the right to appeal IRS decisions and the right to take the IRS to court. The IRS is required to inform you of your appeal rights in writing after every audit and collection action. If you choose to appeal, the IRS is required to give you a fair and impartial hearing.

4. The Right to Finality

If you have been dealing with the IRS for a long time, you have the right to finality. This means that the IRS is required to complete its investigation and take final action on your case within a reasonable amount of time. If the IRS has been dragging its feet, you may be able to request a deadline for action. This can help you bring your tax settlement to a resolution more quickly.

5. The Right to Fairness and Respect

Finally, taxpayers have the right to be treated fairly and with respect by the IRS. This includes the right to receive courteous and professional treatment from IRS employees, the right to know why the IRS is asking for information, and the right to appeal if you feel that you have been treated unfairly.

Dealing with tax debt can be stressful, but taxpayers have rights when they are dealing with the IRS. These rights include the right to professional representation, privacy, challenging the IRS, finality, and fairness and respect. By understanding these rights, taxpayers can navigate the tax settlement process with confidence and ensure that they are treated fairly throughout the process. If you are dealing with tax debt, consider hiring a tax professional to help you understand and protect your rights.