Whenever you are facing problems regarding certain tax dues then, in this case, you are unable to pay them and you are left with different three options are:
First, pay the whole amount in most cases is the difficult task because of worst financial state, second is to make the payments in forms of installments and third is to make a partial payment and get the rest amount away. You can visit http://www.highburytaxsolutions.com/tax-audit/ to know more about tax audit process.
But in order to get help with tax related issues, the main thing to do would be to help professional help like from Canada Revenue Agency to sort out various problems. If you try to handle the matter by yourself then you may have to face some problems.
This is because a complete working knowledge of the Canada Revenue Agency system is needed to obtain the right arrangements.
They gather all information about your tax liabilities and all the past communications from the agency. They get into an analysis of all your assets and account statements but they also judge your cash flow every month in order to maintain the decorum of the agency.You can know about cra audit, collections and appeals via various websites.
After getting an idea of what the future possible cash flow can be they go to the very next step.
Recommendation: Based on their financial or economic analysis of your situation they give you a list of benefits in the form of recommendations and you can choose the one that will most fulfill your need.
They can be your power of attorney and also provide you with agency transcript. You would be arriving at an another solution to satisfy your tax obligations. You might settle for an offer for installment payments.
Installment Arrangement: In case you have the ability to pay a small amount every month then provides you with this opportunity. A professional company will let you work out your cash flow projections.