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How is a Tax Controversy Resolved?

As your representative, we consult with you and intervene/
negotiate on your behalf with the Taxing Authorities to try
and settle any conflicts as efficiently and effectively as possible.

Happily, most disagreements can be resolved administratively without the additional expense of costly litigation.

When the dispute involves defending how a financial transaction was reported or should have been reported, our objective is to persuade a Tax Examiner, Revenue Agent or Appeals Officer of our stated position. We ensure that the relevant facts are communicated and understood, and that our position is based upon the proper Internal Revenue laws and regulations. Meeting.gif (9874 bytes)
If it is clear that a liability is owed to the Government, our focus shifts  to finding the most reasonable, affordable, and palatable way of settling the taxes, penalties and interest charged.

Sometimes, it may even be possible to lower the liability by identifying recent tax returns which are still open under the statute of limitations. These returns may then be amended to take advantage of tax deductions which may originally have been overlooked.

Liabilities are generally settled in one of four ways:

  1. Pay the tax.
  2. Installment payment agreement - to be paid off over time.
  3. Offer-In-Compromise - extinguish the liability by making a
    "less than 100 cents-on-the-dollar" deal.
  4. Bankruptcy. Contrary to popular myth, under certain circumstances, taxes may be discharged in bankruptcy. The advice of competent bankruptcy council is always recommended.