When a door slams in your face, look for the window and jump through it. – The longest government shutdown in history could be a major opportunity to resolve your tax problems. Due to the major backload of communications to handle tax issues, IRS agents may use this opportunity to close out cases for a reasonable offer – just to get them closed and to move on to the next case quickly.
The IRS Is Currently Stretched Beyond Its Limits
The 35-day government shutdown put the IRS way behind just as tax season was about to begin. Tax Courts were closed. In-person taxpayer assistance centers were closed. Many IRS employees were furloughed. Consider how the following factors are affecting the IRS right now:
- The biggest tax reform bill in several decades is being implemented for the first time this tax season.
- We just had the longest shutdown in government history and there may be another one on the horizon, and as a result, many types of audit activity and collection activity were completely halted during the shutdown.
- IRS agents are facing tremendous pressure to close cases as quickly as possible.
- The Taxpayer Advocate Service has estimated that it will take 12 to 18 months for the IRS to recover from the shutdown.
This is all bad news for the IRS. However, it could be great news for taxpayers, particularly anyone who has any type of tax problem.
Find a Path to Tax Resolution
This could be the best time in history to resolve your tax issues because the IRS simply can’t handle the volume of cases it currently has. Adjustments to your tax return that result in higher tax liability may be negotiated more aggressively, and if the collections statute expiration date is nearing on your tax debt, you may be a strong position to receive some tax debt forgiveness.
Is it time to make a deal?!
It just might be! MasAmerica has helped thousands of people in similar situations as this. Our team has experience and broad knowledge in accounting and law in Israel & the US. Let’s discuss how MasAmerica could help you resolve your tax debt and get you back on the right track for financial security. Don’t let this situation impact your future. Can you afford to be more aggressive in your tax audit or tax settlement negotiations? Let’s discuss.
