Choosing an IRS Tax Professional: 8 Key Factors
8 important things to think about when choosing an IRS tax professional for help with tax debt relief
All IRS Tax Professionals Are Not Equal When It Comes to Tax Debt Relief
The skills of IRS tax professionals offering tax relief services can greatly differ and affect the IRS payment amount.
Understanding an IRS tax transcript can be just as tricky as picking the right expert for tax debt relief.
Here are some strategies to help you find the best tax debt relief expert.
When Choosing a Tax Relief Service Experience Matters
When looking for the best tax debt relief companies, you want to find one with years of experience.
It's not ideal for a new CPA firm or tax professional to learn from your case.
Instead, you need a tax expert who has worked in tax debt relief for many years.
Why is experience so crucial?
It means the tax professional has likely handled cases similar to yours and maybe even more complex ones.
They'll also know how the current tax laws affect your situation and how to use these laws to your advantage when talking to the IRS.
Consider How Long They've Been in Tax Debt Relief
The experience of a tax resolution firm is often related to how long it's been in business.
Typically, a firm is considered experienced if it's been operating for at least five years.
If you're after even more experience, you might want to choose a company that's been around for longer.
How long a tax relief professional has been working can also tell you about the staff's experience in helping clients with their tax issues.
So, don't hesitate to ask how long the firm you're interested in has been operating.
A newer company might not have the experience needed to handle your complex tax situation.
The Importance of Qualifications in Tax Debt Relief Companies
As a client, you want assurance that the tax relief professionals assisting you are fully qualified.
When considering tax resolution firms, look for teams that include Certified Public Accountants (CPAs), Enrolled Agents (EAs), or certified tax attorneys.
Only these professionals can represent you before the IRS.
Also, check if they are members of professional organizations like the American Society of Tax Problem Solvers or the American Institute of Certified Public Accountants.
If tax attorneys, they should be members of their state bar.
These memberships reflect their commitment to their profession.
Reading Reviews When Choosing a Tax Debt Relief Company
If you're considering a tax relief professional services, it's a good idea to check out their reviews.
Falling behind on your taxes can have severe financial consequences, like asset seizures and wage garnishment.
The great news is there are many tax relief firms that could help you settle your tax debt with the IRS for less than what you owe.
However, be aware that some organizations have hurt the industry's reputation by taking advantage of desperate people with questionable tactics.
On the bright side, there are still plenty of trustworthy tax relief organizations that can help ease your tax debt burden.
The challenge lies in finding reliable, experienced providers offering the services you need at a price you can afford.
See if you qualify for IRS tax relief!
Find out if eligible for Offer in Compromise
Tax Debt Relief Companies Can't Guarantee Outcomes
Some firms might promise guaranteed satisfaction. But remember, a tax resolution company can't guarantee how your case will end or if you'll get the result you want from the IRS.
A reputable firm will tell you right from the start that your case's outcome will depend on things like:
- How much you owe the IRS
- How old your debt is
- Any penalties and interest you owe
- If the IRS is planning to garnish your wages or take your assets
- Whether your case can be solved with an Offer in Compromise, installment agreement, or other payment plan.
All these factors make it hard for any company to guarantee the outcome of your case.
Prioritizing Personalized Service
As a client, you'd want to hire a tax professional who can provide a personalized service.
You should be kept informed and in control of your case as it progresses.
Personalized service means being able to meet with the person handling your tax situation face-to-face.
This helps you understand all the intricate details of your case before any audit or court hearing with the IRS.
Plus, it's important that the tax professional handling your case is readily available to answer your calls and emails when you have questions or concerns.
Understanding Your Role in the Tax Resolution Process
It's important to know what's expected of you in your tax resolution case.
Find out what the company needs from you right from the start, so you can prepare and act accordingly.
You can learn these details by talking to the professional who will be representing you before hiring them.
Ask about how you can stay proactive and informed throughout the process.
By considering these factors, you can find a tax professional or resolution firm that's capable of handling your tax debt case.
You'll gain a guide who can advise you when dealing with the IRS and you may reach a satisfactory resolution for your tax debt.
To debunk common misconceptions about a tax professional, you can read the 'Top Myths regarding Tax Pros' here.
For more information on IRS tax relief, visit KeithJones.CPA.