Chicago is a great place to live and a great place to work, but that doesn’t mean that it has been immune to the economic slowdown. Portions of the city show damage to this day and that makes tax season a potentially very stressful time. Fortunately, there is help available to get you through your tax situation no matter how confused you are or how bad your situation looks.
Tax help can come in many forms, whether that means finding a tax professional or accountant to help you look through your books for any exemptions you have missed so that you can get the biggest return possible, or taking more extreme measures like hiring a Tax attorney Chicago to talk directly with the IRS and advocate for a lower tax bill for you based on your situation. There are options out there which can save you big money and big opportunities.
One possibility is that your attorney can negotiate a new payment plan that gives you more time to make up what you owe. Otherwise you can even land an oic, or offer in compromise, in which some of your debt is canceled if the amount offered by the taxpayer is equal to or greater than the reasonable collection potential. This way if you have suffered something unexpected that is limiting your ability to pay your taxes the IRS wont push you over the edge into bankruptcy or worse, so that they can get their money back next time. But only proper representation gives you any chance of making this work.