The Various Alternative Ways You can Handle Your IRS Dispute
Most of us who have ever had an issue of a dispute to settle with the IRS over the tax returns and issues, then you are probably versed with the common or traditional ways of getting to handling the particular disputes and handle the tax issues with the IRS. Nevertheless, you need to be aware of the fact that there are a number of the other alternative ways that you can be able to use to resolve the tax dispute over and above this traditional ways. Take a look at some of these as we have mentioned below.
Mediation is one of the processes you need to consider. As it often goes, mediation is a simple process that will see a mediator broker a deal between two parties in a dispute. Thus in a tax mediation procedure for the resolving of the tax issues, you will have your tax specialist attempting communication and negotiating on both ends so as to ensure that you as the tax payer and the IRS hit a compromise for the settlement of the tax dispute. Your tax mediator will be a good service to you as they will enable you see what strengths and weaknesses that you possess in the case and as well enable you realize your overall objectives. This is actually seen as a sure alternative for the settling of the tax issues with the IRS as it will not involve the long and costly process of going to court and all the legal battles associated with the resolution of the dispute.
The other alternative means of settling these tax disputes is through arbitration. This is the process that will basically see you as the parties to the dispute have a team or panel of arbitrators who will hear the case from both sides and then make a ruling or decision as they will judge. Arbitration is so similar to trial and only differ in the sense that it is not as formal. If you opt to have your case resolved by a binding arbitration, then you will have to abide by the decision of the team as their decision will be final. Mark this as one of the most important factors to consider when looking for how you want your case to be heard.
There are benefits that come from the use of either arbitration or mediation for your tax dispute resolutions. Amongst the benefits that you stand to enjoy by having the alternative means for resolving the tax issues is that they will allow you save so much in time and money in the process. As a matter of fact, we know that litigation will be such an expensive and time consuming process.