new partnership between becker and the tax rep network.
by 卡塔尔世界杯常规比赛时间
it’s been widely publicized that the irs may be finally catching up on its “balance due” and other notices to taxpayers and, as such, so goes the need for tax representation work. if this is indeed your path as a cpa or tax pro, then consider this new partnership between accounting exam prep and training service becker and the tax rep network.
what you need to know now.
by eric green
for over a year now, we’ve been saying that the irs was properly funded and warned it would unleash a tidal wave of work. we also warned you that we would be dealing with all sorts of untrained employees. the bad news, at least for clients, is that day has come.
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the good news for tax pros is that with this wave of enforcement spells opportunities for representation work. what you do still have to navigate is the impact of untrained employees, who are creating their own set of challenges.
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there’s more than one route to satisfying the irs collection division.
by eric l. green
irs tax liens can have a profound impact on an individual’s situation, affecting their ability to get loans, sell property or engage in business activities. as such, it is crucial for individuals to understand how irs tax liens work and the options available for getting rid of them.
more: the irs is coming! get your clients into compliance | tax chat: eric green reveals the tax rep guide to tax season
in this article we discuss approaches and factors to consider when dealing with irs tax liens, offering insights and advice to help taxpayers navigate this process.
understanding irs tax liens
before discussing ways to remove tax liens, it is important to get a basic understanding of what they entail. a tax lien represents a right against a taxpayer’s assets, and is used by the irs to secure its interest in the taxpayer’s assets – both those owned at the time and those later acquired.
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10 million high-income taxpayers targeted.
by eric green
those of us in the know have been saying for a while now that the irs is sending a “wave” of tax notices, and you need to prepare your clients for compliance and, ultimately, remittance and resolution. well, that day has finally come.
the irs is launching its long-awaited effort to crack down on high-income taxpayers who have failed to file tax returns.
more in tax: eight steps to getting started with ai: a guide for tax professionals | what’s your value to your tax clients? | are you excited about tax season? | what the corporate transparency act means for accountants | train now before it costs you down the road | surge pricing: what works for uber could work for cpa firms | uncooperative partner might not be the problem | it’s time to fix the problem of qtips and llcs
for practitioners, many taxpayers will be scrambling for help from tax professionals. understanding how to handle these taxpayers when they come in will have a real impact on how painful the re-entry into the tax system is going to be.
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seth fineberg
with eric green
renowned tax attorney eric l. green delivers a roadmap for seizing tax resolution opportunities this tax season in the new video from last week’s first tax chat of the year, hosted by seth fineberg.
more tax season: ftc nails turbotax for ‘free filing’ scam | | offer your tax clients other services | higher fees to start: ten ways to make your tax season better | tax pros handle 37.7% of e-filings | if only the irs’s tax pro were useful | can your tax reviewers answer these 10 questions? | tax pros file 33% of early returns | can’t irs online accounts be more useful?
in this live webinar, attendees – and now you – get the fundamentals for catching lucrative tax rep engagements without adding to busy season workloads. with live, real-time q&a, everyone’s questions got answered.
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some property owners pay inaccurate property tax levels by as much as 20% to 30%.
by josh malancuk with jm tax advocates
with cash-starved states and municipalities looking under every nook and cranny for revenue, manufacturers with lots of fixed assets and personal property are generally taking it on the chin when it comes to their property tax assessments.
more: six kinds of loan covenants | 26 ways to wreck a financial projection | three ways to run a break-even analysis | price not always the top consideration in a sale | when an owner dies without a buy-sell agreement | due diligence is in the details
many of your business clients, especially manufacturers, sense their assessments are too high. but most don’t have the time, resources or expertise to challenge their assessment through the protest or appeal process before the deadline. and so, overpayments continue for another cycle and then again, and again and again. that’s what assessors count on. but you owe it to your clients to keep your assessors accountable through available appeals and to help them avoid overpaying taxes year after year.
how much can the client pay?
by eric l. green
tax rep network
no irs program is more interesting yet misunderstood than the irs’s offer in compromise program. for taxpayers who owe money to the irs, between 15 million and 20 million of them, the thought that they can settle their back tax debt for less than the amount owed is an answer to many of their prayers.
many people have seen the late-night television ads or heard the satellite radio spots: the taxpayer, who seems just like them, owed huge sums of money to the irs and was being abused by the callous tax machine when the advertising company came to the rescue and settled that tax debt for “pennies on the dollar.”
are these ads telling us the truth? can taxpayers really settle their tax debt for little to no money? the answer is yes, they can, but it depends upon their financial situation.
the one-day online conference features irs leaders and top tax attorneys and eight cpe credits.
hosted by eric green
key irs leaders and nationally recognized criminal tax attorneys will convene june 4 for the fourth annual criminal tax day 2021, a one-day online conference hosted by green & sklarz foundation trust that provides educational cpe/cle sessions for cpas, eas, and attorneys on the hottest criminal tax topics. all proceeds go to charity.
and the irs is looking the other way.
by 卡塔尔世界杯常规比赛时间
the internal revenue service isn’t supposed to consider a taxpayer’s income or wealth when prioritizing taxpayer delinquent accounts. rather, the service is supposed to focus on balances due, pursuing collection of higher amounts.
more: pros tackle 49% of e-filed returns | survey: tax season swings into the red | another tax season from hell? | pros process 44% of tax e-filings | tax professionals report tough slogging | busy season 2021 gets off to weak start
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obviously, many of those higher balances are owed by taxpayers (or tax dodgers) in the higher adjusted gross income brackets, and the irs believes that pursuing high balance dues effectively addresses high agis.
but the treasury inspector general for tax administration says that focusing on the balance due is increasing the risk of high earners skipping out on what they owe.
who knew?
by 卡塔尔世界杯常规比赛时间
we all know how the irs works. they send a letter to a possibly delinquent taxpayer who, in quivering fear, returns a response that is slipped through the mail slot in the irs door, where it falls into a shredder that feeds into a massive onsite incinerator. the letter’s ashen remains are then loaded onto a rocket and shot toward alpha centauri, never to be seen again.
more: hunker down: the irs backlog isn’t going away anytime soon | the irs studebaker bomb | imagine irs ‘concierge’ service. just imagine. | irs has recruiting problems, too
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actually, that’s not entirely true. in 2019, irs compliance services collection operations managed to respond to 25 percent of its “inventory” of taxpayer delinquent account correspondence. the other 75 percent was considered “over-aged” after not being dealt with within 45 days of receipt.
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ignore your existing leads at your peril.
by jassen bowman
the most successful professional services firms in america put their marketing efforts on autopilot.
more: don’t waste your investments | you fixed their tax issues, now what? | 11 steps for handling client complaints | office safety and more: checklists for your tax resolution setup | how to build a tax resolution business
whether you have a full-time marketing assistant, do all the marketing yourself or distribute duties among your staff, using checklists to systemize your marketing is really the only way to go. using checklists ensures that your marketing gets done properly and completely.
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three checklists for office communication.
by jassen bowman
communicating with your clients and prospects is more important than ever.
more: you fixed their tax issues, now what? | 7 checklists for scheduling, petty cash and more | what you tell yourself matters | hiring, firing and the checklists you need | focus on your ideal clients | the secrets of multi-hit marketing
exclusively for pro members. log in here or 2022世界杯足球排名 today.
use the following checklists to verify that your phone system and website are up and functioning properly each day.
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plus client management checklists.
by jassen bowman
your ability to successfully manage a large client volume is directly related to your enforcement of procedural compliance upon your staff.
more: 7 checklists for scheduling, petty cash and more | difficult phone calls are opportunities | 11 steps for handling client complaints | what you tell yourself matters | use checklists to get new tax clients | office safety and more: checklists for your tax resolution setup | hiring, firing and the checklists you need | what your tax resolution staff must do | how to build a tax resolution business | focus on your ideal clients | are you quitting on leads too soon? | why lists are not leads | the secrets of multi-hit marketing | grow faster, be more efficient | your sales funnel needs systems | how tax resolution works | 4 tax resolution industry flaws | need a new service line? consider tax resolution
you should manage all internal processes systematically, and your staff should handle all client matters systematically as well.
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