Almost Everyone Has Some Tax Troubles
Essex & Associates::www.essexinc.biz July19, 2011
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 T. Essex Ph.D.
Essex & Associates
Tax, Accounting, HR, Payroll
7501 Paragon Road
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