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Furthermore you may have already extended the statute of limitations on the collection period without even knowing it. If you had entered into an installment agreement with the IRS, then this installment agreement stops the clock from running. If you default on your installment agreement then the clock starts running again.

A great CPA can put your tax records in order so you can get a true accounting of the "historical" road just traveled, but they probably shouldn't take you into battle with the IRS because they don't spend all their time negotiating tax resolutions the way specialized tax professionals do.

Tin foil hat conspiracy theorists claim that the whole tax resolution industry is nothing but a giant tax relief scam. They say the IRS works for you, the people, and the IRS has your best interests at heart. You can beat an IRS audit, they say, with the free tax help the IRS provides. If you believe that, I've got a bridge in Brooklyn I'd like to sell you.

Don't forget that if this article hasn't provided you with exact bush tax relief information, you can use any of the main search engines on the Internet, to find the exact bush tax relief information you need.

With the help of a tax professional you can make sure that you get an installment agreement that works within your budget.

At any point in time, millions of Americans are facing IRS late filing penalties and interest charges. Unfortunately, it is a common occurrence, especially considering the current state of the economy.

The IRS can also keep any proceeds from levies that were served prior to submission of the offer in compromise settlement, but that were not received at the submission date of the offer.

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