Guide to Finance

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Help With Tax Problems

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You can get help with IRS tax problems no matter what kind of problem you're experiencing. The Internal Revenue Service has very heavy-handed tax collection procedures, but that doesn't mean you have no recourse. It just means you need help dealing with the Internal Revenue Service, because they are a government agency with the power of levy, lien and seizure.



Repeat Business

If you've ever talked to someone who's been through an audit, chances are it isn't the first one they've experienced. Sometimes it seems like the Internal Revenue Service has a "hit list", and once you make it to the list, it's hard to get off. The new laws addressed this issue, because the process had turned into a form of taxpayer harassment.

The point is that there are many different reasons why someone may need help with IRS tax problems. You can't assume that tax collections and notices are always right and true. You may legitimately owe back taxes, but if the Internal Revenue Service is left to their own devices, those taxes can increase far beyond what's reasonable or fair.

The Internal Revenue Service is not a nice agency even though they make noises about being friendlier and more customer service oriented. But the harsh reality is that the Internal Revenue Service is a giant collection agency, and like any collection agency, their sole purpose is to squeeze as much out of an account as possible.

The Internal Revenue Service is very good at squeezing too. In fact, they are probably the only known agency on the face of the earth that really can get blood out of a turnip. They add penalties and interest on top of taxes you already know you can't pay.

That's when the squeezing starts in the form of levies, liens, seizures, collection notices, phone calls and so on. You pay and pay and pay and never seem to make a dent in the balance due. You should really get help with IRS tax problems long before this point, but many people wait until they're desperate or the Internal Revenue Service squeezing begins to threaten their house or business.

Making Lemonade

When you find yourself in a position where you need help with accrued debt, the next step is to retain professional representation. When you have a skilled tax attorney negotiating with the Internal Revenue Service for a settlement in your favor, the squeezing starts.

There's an old but upbeat expression about turning lemons into lemonade. When you have a tax negotiator working for you to obtain either a reduced amount you can afford to pay or a payment plan, or both, it's like turning the lemons of money collection into the lemonade of relief. Relief is possible for anybody no matter how tough or grim the situation may appear.

The key is to get help with IRS tax problems today and not wait for tomorrow.
Help With Tax Problems
Here Are My Receipts

If the thought of preparing your own taxes makes you queasy, don’t worry. Preparing your taxes is a job that can be shipped out to others. These individuals, known loosely as tax preparers, prepare tax returns year around. Here’s a breakdown of the different types of preparers.

Basic preparers are the least trained, but the cheapest to hire. They tend to be part time workers who are individually employed our work at large out fits like the one with the letters H and R in its name. If you have a simple tax situation, like basic W2 wages and no homeownership, this can be a good choice.

Enrolled agents are a step up from basic preparers. These individuals are licensed by the IRS and must take continuing education courses to maintain their license. That being said, they are not formally educated in the field of finance or tax. Enrolled agents are typically more competent than basic preparers, but much less so than a CPA. If you have a tax situation requiring a basic 1040 filing with one or two schedules, a good enrolled agent should be able to take care of it. If you are looking for more sophisticated tax planning to cut your tax bill, a CPA is probably your best choice.

A CPA [Certified Public Accountant] is a highly trained and licensed individual. Passing the boards to become a CPA is extremely difficult. Once a person becomes a CPA, they also are required to pursue up to 40 hours of continuing education. The downside of using a CPA, of course, is the higher competency translates to higher costs. Still, you get what you pay for, so a CPA may be the answer if you are doing well financially and are looking for guidance on tax planning.

Tax attorneys are a beast unto themselves. If you’re bringing in the big bucks, tax attorneys can save you a bundle with sophisticated plans. Tax attorneys are also the people to see if the IRS decides to have a go at you. While CPAs can handle the tax issues raised by the IRS, CPAs tend to know next to nothing about evidentiary law. A good tax attorney will be able to throttle the IRS on legal issues.

So, who should you use to prepare your taxes? It really depends on what you are looking for and your finances. Generally, the more complex your finances, the more competency you should look for. If you have the money, go with a CPA. A good one should be able to save you far more than their fee.

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About Author
Both William Mcconnaughy & Richard Chapo are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

William Mcconnaughy has sinced written about articles on various topics from Debt Reduction Consolidation, Tax Relief and Debt Consolidation. William McConnaughy, CPA is a tax negotiation professional. He has experience working with people seeking tax relief and credit repair. For more information visit his
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