Almost Everyone Has Some Tax Troubles

Essex & Associates::www.essexinc.biz July19, 2011

Greetings!

Today's electronic newsletter, question from a reader, is particularly important. We will be seeing ever more people facing problems like this before the economy improves.

A non client writes, Tax Doctor, "I have back taxes I owe for several years. I was contacted by someone (cold call) claiming that they can help negotiate a reduction in tax liability and stop any further collection by the IRS. They wanted $5,000 for this service.

I went on the Internet and found other businesses advertising the same service. Can anyone help with these negotiations with the IRS and how can I know whom to trust?"

You've had a hard time. But you have good instincts.

Avoid all those predators who buy the IRS lien lists and contact you. True, some of them may be able to resolve your tax issues. However, many of them will just take your money and make it worse.

Find a reputable tax professional.

You can find enrolled agents at the National Association of Enrolled Agents (NAEA) website. Search for 'representation' experience or for an NTPI Fellow. The National Tax Practice Institute specializes in training tax professionals in IRS tax representation skills.

You can find CPAs at the AICPA website. Unfortunately, the AICPA does not list a specialization in taxation or tax representation, so finding the right CPA won't be all that easy.

Ask your friends who they used. You will be surprised at just how many people have had tax trouble,

Just know one thing. As bad as everything is right now, you will get through this by using a trusted professional.

Wishing you many happy returns,

Wayne

Wayne T. Essex Ph.D.

Essex & Associates

Tax, Accounting, HR, Payroll

7501 Paragon Road

><> 937.432.1040 <><

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“Wayne Essex and his staff are very personable & knowledgeable in the financial realm. They were a great help with our taxes including my wife's Mary Kay business. We will be using them again. On a personnel note: If you ever get to hear Bro. Essex speak or preach, you will not be disappointed. Great Results, Good Value, High Integrity!
Jeffrey Scott Gabbard
November 23, 2011

“I came to Wayne after getting a recommendation from a business client and I'm extremely happy with the results that his firm provides for my small business. They have always taken the time to recommend ways that my small company can improve the bottom line.
John Johnston
April 24, 2011

“Wayne is a highly professional Accountant. He is an expert in his field. His company & associates work very hard to get you the best possible results. I highly recommend his company to anyone who is serious about their professional and personal well being.
Al Gilmer Co Owner H & A Limousine & Sedan Service
May 14, 2008

“Wayne is a man of integrity who works hard to maximize value for his clients while helping them to achieve life goals. Wayne is exceptionally sharp and has an unusually strong grasp of tax law.
Craig A. Steffen,
July 6, 2007

“Wayne is exactly what you are looking for when it comes to financial and tax advice - lots of knowledge, honesty and integrity. July 6, 2007
Principal & Co-Founder, Advanced Technology Consulting, Inc. David Goodwin
July 6, 2007

April 17, 2012* 2011 Federal Tax Return Tax Day for Tax Year 2011
Filing deadline and due date for Federal Income Tax Returns.

April 17, 2012 2011 State Tax Return Due date for most State Income Tax Returns.

April 17, 2012 2011 Federal Tax Extension Due date for Tax Extensions for 2011 Federal Income Tax Returns.

April 17, 2012 2011 State Tax Extension Due date for most State Income Tax Extensions.

October 15, 2012 2011 Federal Tax Return Last day to e-file a 2011 Income Tax Return for Tax Extension filers and late Tax Return filers.

April 15, 2015 2011 Tax Amendment You can file an Amended Return anytime, but you have a deadline of 3 years from the original due date to claim any tax refund.

No Deadline Previous Year Tax Returns You can file a Tax Return for a previous tax year anytime, but you can only claim a refund within 3 years of the original tax deadline.

Official IRS 2012 Deadlines PDF