Tax Rep Network with Eric Green

How do you make money at tax resolution? You charge for your services and expertise, of course. But how much, and in what way? In this Episode Eric explains the various services you should be providing to your clients and how exactly to charge for your services.

In this episode Eric explains what to do when the IRS sends the Notice of Deficiency, also known as the “90-day letter”. Whether because the client failed to respond and now shows up with the letter in-hand, or the IRS issued the letter too early, the taxpayer now has an issue that needs to be handled. The case is not lost, nor is it necessary to get a lawyer. You simply need to know what to do to get that case over to Appeals where it belongs. Eric will explain how.

It is amazing how often client’s take the “ostrich” approach to their tax problems: ignoring it and until it hopefully goes away. Generally, the tax issue does not vanish on its own. Eric explains in this episode why it is so important to open and read the letters from the IRS, what they mean, and how to respond properly to give yourself the best opportunity to resolve the matter without enforcement action (i.e. tax levies).

So, what do you do when the client has no documents? Fear not, Eric explains in this Episode what to do to support the numbers on the returns, and the process of forensically recreating the support needed to satisfy the IRS.

In this episode Eric explains the ins-and-outs of dealing with an IRS Notice of Federal Tax Lien, including withdrawal, discharge and subordination.

It is routine that the IRS examiners request not just copies of reports from Quickbooks, but the actual Quickbooks file. Does the client have to turn the file over, and why is the IRS so intent to obtaining the electronic back-up? In this episode Eric explains what the IRS can and cannot get, and how to deal with the issue of the Quickbooks file.

The IRS is a huge organization, and it has the same cast of characters that every large organization has in its ranks. Some employees are honest and hardworking, while others are difficult and irascible. Sometimes the examiner is simply bat-shit crazy. In this episode Eric discusses how to deal with an irrational IRS examiner.

In this Episode Eric walks through the five reasons he sees Offers-in-Compromise not being accepted, and explains what practitioners need to be doing to make sure their client’s Offer has the best chance of success.

Most taxpayers (and practitioners) fear the IRS, yet the State Departments of Revenue can be much worse and trying to deal with. In this episode Eric explains why non-filers who are trying to get compliant want to consider filing the state tax returns first, and the advantages to doing so when it comes to resolving the outstanding tax debts.

Think the taxpayer should always file joint to save taxes? Think again. Eric explains in this week’s episode why the filing of a joint tax return in certain circumstances may be a critical error and cost the taxpayer significant money and heart-ache.