About Finance Today
  • Finance
    • Investing
  • Credit
  • Budget-and-Invest
  • Insurance
  • Accounting
  • Currency-Trading
    • Credit-Counseling
  • Debt-Consolidation
    • Personal Loans
  • Loans
    • Mortgage
    • Student Loans
    • Taxes
  • contact us
    • write for us
Tuesday, October 3, 2023
No Result
View All Result
  • Finance
    • Investing
  • Credit
  • Budget-and-Invest
  • Insurance
  • Accounting
  • Currency-Trading
    • Credit-Counseling
  • Debt-Consolidation
    • Personal Loans
  • Loans
    • Mortgage
    • Student Loans
    • Taxes
  • contact us
    • write for us
No Result
View All Result
About Finance Today
No Result
View All Result
Home General

The ultimate tax resolution resource for tax professionals

by Alice
July 12, 2022
in General
0
The ultimate tax resolution resource for tax professionals

Tax Resolution Consulting

0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Tax resolution is an umbrella term for services that assist taxpayers who have run into problems with the IRS. Tax resolution services, also known as IRS representation, tax problem recovery, or tax controversy, are in high demand. These services include assistance with offers in compromise, lien and levy relief, penalty abatement, and more. Later, we’ll go over common types of tax resolution in greater detail.

Why should you provide tax resolution?

There are numerous compelling reasons why tax professionals across the country are increasingly offering tax resolution services, but let’s focus on the top three.

  1. Non-seasonal earnings

People who have IRS issues require assistance all year, not just from February to April. Rather than having to earn the majority of your income during the few months known as “tax season,” providing tax resolution services allows you to earn a consistent income throughout the year.

  1. Enhanced satisfaction

Even in an industry where numbers are everything, quantifying something like satisfaction is difficult. However, almost all tax professionals agree that tax resolution company work is far more satisfying (not to mention less repetitive) than tax preparation.

If three reasons aren’t enough, we have an eBook with a few more.

How to begin providing tax resolution services?

Obtaining certification to represent clients in front of the IRS and provide tax resolution is a simple process, especially if you are already a certified enrolled agent, CPA, or attorney. Let’s go over the four steps you’ll need to take to become certified to provide tax resolution services.

Enroll as an enrolled tax preparer

To properly represent your client, you must complete IRS form 2848 and obtain power of attorney for your client (covered in more detail below). The IRS will only grant power of attorney to enrolled agents, CPAs, and attorneys, so your first step should be to obtain the necessary professional certification. If you are not already a CPA or an attorney, your best option is to become an ea, which requires no additional education.

Get a power of attorney

Power of attorney is the only other legal document required to do tax resolution work (form 2848). You have the legal right to represent your client before the IRS if you have power of attorney. Each client will need to file a new power of attorney.

Learn the trade

Although becoming certified to provide tax resolution services is a relatively simple process, the work itself requires some learning on your part. Fortunately, there are numerous resources available to assist you in learning how to assist your clients in resolving their tax issues. In addition to traditional learning methods such as conferences and webinars, the internet provides a wealth of excellent, easily accessible tax resolution information. Blog articles and eBooks are excellent resources for learning about tax resolution.

It’s also a good idea to look into good tax resolution software. Good tax resolution software will make your life easier by performing all of the complex computations, recommending the outcomes that are most likely to be accepted by the IRS, and keeping track of ever-changing tax codes for you.

Previous Post

Benefits Of Paraplanning In Financial Professionals

Next Post

Interior Signage Is The Best Thing For Businesses

Next Post
Interior Signage Is The Best Thing For Businesses

Interior Signage Is The Best Thing For Businesses

Calculating Pain And Suffering In Your Personal Injury Settlement

Calculating Pain And Suffering In Your Personal Injury Settlement

September 25, 2023
What’s The Difference Between A Mortgage Broker And A Direct Lender?

What’s The Difference Between A Mortgage Broker And A Direct Lender?

March 11, 2022

Pentagon Reportedly Weighing Using Nukes In Response To ‘Large Cyberattacks’

October 30, 2021

What It Means To Have A Creative Personality

November 15, 2021
How To Choose The Sufficiently Living Room Area Rug For Your House

How To Choose The Sufficiently Living Room Area Rug For Your House

February 25, 2022
Tips to make the most of your Disney experience: How to make sure that your little ones enjoy it.

Tips to make the most of your Disney experience: How to make sure that your little ones enjoy it.

January 3, 2022
Top 5 Benefits Of Acoustic Paneling In Your Home

Top 5 Benefits Of Acoustic Paneling In Your Home

July 28, 2022

The HomePod Smart Speaker Shows The Best and Worst of Apple

November 17, 2021

Facebook Reportedly Testing ‘Downvote’ Button

November 18, 2021

What are the objectives for accounting?

December 31, 2021

Peace Of Mind For Your Special Day: Wedding And Event Insurance

March 9, 2023

Interior Signage Is The Best Thing For Businesses

July 13, 2022

Elon Musk Says He’s Sold 10,000 Flamethrowers Through His Boring Company Website

November 20, 2021

How Neuroplasticity Can Help You Get Rid Of Your Bad Habits

November 13, 2021

What is Budgeting and how does it work? What is a budget?

December 31, 2021

Pentagon Reportedly Weighing Using Nukes In Response To ‘Large Cyberattacks’

October 30, 2021

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

  • Finance
    • Investing
  • Credit
  • Budget-and-Invest
  • Insurance
  • Accounting
  • Currency-Trading
    • Credit-Counseling
  • Debt-Consolidation
    • Personal Loans
  • Loans
    • Mortgage
    • Student Loans
    • Taxes
  • contact us
    • write for us

Recent News

Calculating Pain And Suffering In Your Personal Injury Settlement

Calculating Pain And Suffering In Your Personal Injury Settlement

September 25, 2023
Access Mastery: Examining the Versatility of T & L Handles

Access Mastery: Examining the Versatility of T & L Handles

August 17, 2023

No Result
View All Result
  • Home
  • Entertainment
    • Gaming
    • Movie
    • Music
    • Sports
  • Lifestyle
    • Fashion
    • Food
    • Travel
    • Health
  • News
    • Bussiness
    • Politics
    • Science
    • World
  • Tech
    • Apps
    • Gadget
    • Mobile