Sunday, October 26, 2014

When should you negotiate?

When should you negotiate?
Most trained negotiators will advise you that "everything is negotiable." And it is true you never know what you may get until you ask. This being the case it is always advisable to negotiate with the IRS if you have a tax debt that has accumulated interest and penalties. Nothing can be done to negotiate interest due to the fact interest must be charged by law. Penalties is another story. The IRS will take clients thru a "reasonable cause interview" to determine whether you qualify for penalty abatement.
To increase your chances of success it is always advisable to have someone negotiate on your behalf who is knowledgeable and skilled at negotiating. Some professional tax resolution firms offers taxpayers a free tax consultation designed to help determine the best way to approach their specific situation. High level negotiations are best left to the professionals.
Business negotiations often calls for great preparation and insight into the subject being negotiated to avoid any embarrassment later.

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