8 critical considerations for selecting IRS tax professional for tax debt relief
8 critical considerations for selecting IRS tax professional for tax debt relief
Not Every IRS Tax Professional is Alike When Needing Tax Debt Relief
Choosing the IRS tax professional for tax debt relief is as confusing as reading an IRS tax transcript.
When you are ready to use successful and valuable methods of resolving your problematic tax matter, hire an IRS tax professional to advocate and guide you. You can use these tactics to find best tax debt relief companies for your needs.
Here are 8 critical considerations for selecting an IRS tax professional for tax debt relief.
EXPERIENCE IN IRS TAX DEBT RELIEF SERVICES
As you search for the best tax debt relief companies to take your case, you want to look for those that have years' worth of experience in the industry.
You do not want a novice CPA firm or IRS tax professional to gain experience at the expense of your case. You need a tax expert who has been in the tax debt relief industry for several years if not longer.
This amount of experience benefits you because you get a tax professional who has more than likely handled cases just like yours or perhaps even cases that were more complicated.
This individual also will know how the current tax laws apply to your case and will use them to your advantage when dealing with the IRS.
LENGTH OF TIME DOING TAX DEBT RELIEF
We tie the experience that a tax resolution firm can offer to you to how long it has been in business. The industry standard for determining whether a firm has experience is if it has been in business for at least five years. Depending on the experience you are looking for, hire a company that has been in business for longer than five years.
The time an IRS tax relief professional has been in business also correlates with how experienced the staff is to assist clients like you with their tax matters. You may ask the firm you are interested in hiring, how long it has operated. A newer company may lack the experience needed to resolve your complex tax case to your satisfaction.
WHEN FINDING THE BEST TAX DEBT RELIEF COMPANIES QUALIFICATIONS ARE CRITICAL
As a client, you want the staff of an IRS tax relief professional to assist you to your satisfaction.
You should look for tax resolution companies that use people who are Certified Public Accountants (CPA) or licensed as an Enrolled Agent (EA) or certified as tax attorneys as one of these are the only IRS tax professional that can represent you before the IRS.
They should also belong to professional organizations like the American Society of Tax Problem Solvers or the American Institute of Certified Public Accountants. Tax attorneys should be members of their state bar.
TAX DEBT RELIEF COMPANY REVIEWS
As a potential client, you may look for an IRS tax relief professional reviews before engaging its services.
Getting behind on your taxes can have serious financial repercussions, such as asset seizures and wage garnishment.
The good news is that there are a number of tax relief firms that might be able to assist you in working out a tax debt settlement with the IRS for less than what you owe.
The credibility of the entire tax debt relief industry has been damaged, however, as a result of numerous tax debt relief organizations taking advantage of desperate people by employing dubious methods.
The good news is that there are numerous trustworthy IRS tax debt relief organizations accessible to assist in reducing the burden of tax debt. Finding reputable, experienced tax relief providers that provide the services you require for a cost you can afford is the challenging part.
THE BEST TAX DEBT RELIEF COMPANIES OFFER NO GUARANTEE
Some firms offer guaranteed satisfaction. In reality, a tax resolution company cannot guarantee the outcome of your case or that you will get the resolution you want from the IRS.
A good firm will tell you upfront that the outcome of your case will depend on factors like:
-How much you owe to the IRS
-The age of your debt
-Any penalties and interest you owe
-If the IRS has moved to garnish your wages or seize your assets
-Whether the case is resolvable with an Offer in Compromise, installment agreement, or other payment option.
These factors make it challenging for any firm to guarantee how your case will be solved.
PERSONALIZED SERVICE
As a client, you want to hire a tax professional who will offer you personalized service. You want to say informed and in charge of your case as it unfolds.
Personalized service allows you to meet face-to-face with the person handling your tax situation, so you know the most intimate details of it well before you meet with the IRS in an audit or court hearing. You also want to know that the tax professional handling your case will answer your phone calls and emails whenever you have questions or concerns.
YOUR ROLE IN THE TAX RESOLUTION CASE
Finally, you want to find out what your role will be in your own tax resolution case. You should find out what the company expects from you from Day One so you can act and prepare accordingly.
You can find out these details by insisting on speaking with the professional representing you before you put him or her on retainer. You should ask how you can say proactive in your IRS tax debt case and how you can say informed as the case gets underway.
These criteria allow you to search for and find a tax professional or tax resolution firm that is qualified to handle your tax debt case. You will retain representation to guide and advise you as you approach the IRS. You also may get the desired outcome of your tax debt situation.
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For more information regarding IRS tax relief visit KeithJonesCPA.com.