MikeGreg

Negotiating with the IRS or any other party can be challenging, especially when there are significant differences of opinion between them. By understanding effective negotiating techniques, you can increase your chances of navigating these discussions successfully. Please check out this blog and understand essential strategies that will help you reach a favorable agreement during the negotiation with the IRS: Know Initial Computations. First, you have to conduct a thorough analysis of your position, the other party's position, and your Best Alternative to a Negotiated Agreement ( BATNA ) before entering the negotiation. Understand the numbers on both sides to gain a strategic advantage. After that, you should consider the possible computations for different scenarios, and prepare to modify them as per the new facts. This useful information takes you along for a fact-based negotiation, especially when dealing with the IRS. Make Anchors and Fair Offers. Start the negotiation pr...

In the intricate business world, conflicts are inevitable in the most well-established enterprises. If you find yourself entangled in the complexities of business valuations with the IRS, how should you negotiate with the IRS? Please check out this blog. Explore how you may negotiate with the IRS regarding conflicts on business valuations. Understand the process. When it comes to business valuations, conflicts can arise due to differences in perspectives, methodologies, or interpretations of complex financial data. For a successful negotiation, it’s necessary to understand that this process is not just about numbers. Instead, it's about developing an authentic, connecting, professional relationship; listening actively; and presenting a compelling narrative aligning with regulatory guidelines while telling your business story. Preparation is the key. Preparation is of utmost significance. Before entering into negotiations with the IRS, you should conduct a meticulous review of y...

We all are living in an increasingly complex and interconnected world; so, it’s common for disputes and conflicts to happen. Whether it's a business disagreement, a workplace conflict, a family feud, or a neighborhood dispute, resolving conflicts can be challenging and emotionally charged. However, there is a proven solution to help individuals and organizations find common ground and reach mutually satisfactory solutions, i.e., mediation. Mediation is a dispute resolution process where the parties involved take part in determining the best possible outcomes. A neutral third party, known as the mediator, facilitates the conversation and helps both parties with exploring facts, issues, emotions, and interests. A qualified mediator introduces a collaborative approach that allows the parties to work together towards a resolution so that everyone can live with the results going forward. Why Do You Choose a Qualified Mediator to Resolve Dispute Situations? Empowerment – A mediator em...