Immediately get help. Not just any help. The Notice of Intent to Levy is a threat to take your wages or bank account to pay your tax debt. Now you listen to the TV or Radio and the ads for tax settlement or tax relief are seductive. If I call their experienced staff of experts they can help me stop the IRS and settle my tax debt. The ads are seductive because you are worried and the ads promise experienced professional help.
Consider who is the advertiser. How are they qualified to help you when you are most vulnerable. Is the person you call really able to provide you the help you expect? Do they have a sales office in your city and professionals in another state? Is this a franchise that was purchased to sell tax representation services? Simple questions sometimes have simple answers. Go to Google and type the representatives company name and the word attorney general. If you see several attorney generals you should wonder if you will be the next person to ask your state for help after you lose your property.
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There are three types of professionals who are able to represent income taxpayers in most situations. These are enrolled agents, certified public accountants, and attorneys. Each has expertise in tax laws.
An enrolled agent is an individual passing a test given by the Internal Revenue Service or a former Internal Revenue Service employee. They are required to have continuing education to maintain their right to practice before the IRS. They may be excellent. They may have just enough training to pass the enrolled agent test and no training in representing taxpayers. The particular representative may be excellent.
What is the limitation of their ability to represent you. The enrolled agent can represent you at the IRS. That is the limit on their representation. They normally can not litigate cases in U.S. Tax Court. They can not represent you in the U.S. Bankruptcy Court if you need protection from creditors. This includes protection from the IRS.
The next highest level of representative are the Certified Public Accountants. Many CPA's have enormous experience in taxation and frequently are expert in this area. Some CPAs are heavily into tax representation. Some CPA s do not do much IRS representation because their client's hire experts early and often avoid having a problem. CPA s can not represent you in court normally. They have extensive training and have passed a difficult test to become licensed. They have extensive annual training requirements.
The highest level of representative are attorneys. An experienced attorney practicing in the tax and bankruptcy area of law can provide court representation that can provide important protection that the other levels of representatives are not qualified to provide. Attorneys can contest the IRS in Court. Some attorneys also are experienced bankruptcy attorneys. An attorney representative with strong experience in tax representation and bankruptcy can help ajalyze the best option for you in your particular case.
The costs of representation are frequently similar between all three types of representation. The cost is often very high because the representative does not have the highest training and that can be important.
Consider if the representative is the person who will actually represent you. Often the same large tax representative companies may try national coverage. That can mean that another office is responsible for a large geographic area. Many people have been helped by these mega firms that have these enormously expensive advertising campaigns. Many people have not been helped and complain that the representation was effective or nonexistent.
Often you hear that the best method of finding the right representative is to ask someone who has had a similar problem. However, most people having experienced a tax problem hate to air their laundry in public. Other methods include using search engines to find out if the representative has had many complaints from clients or governmental agencies.
Often a tax problem is not the only financial problem that a taxpayer has. Someone owing large amounts of tax frequently will also owe other debts. Seek help from someone experienced with a broader scope of experience. Cases that start with the IRS often end up in bankruptcy. This is because the payment of alll of an individuals debts including taxes can leave that person in a position that their lifestyle must be drastically reduced. Advice from someone familiar with taxes as well as bankruptcy will bring a more reasoned representation. After all, it's your money.
Ask how the representative plans to help you. How will they determine the extent of your tax problem? Will the representative obtain your transcripts from the IRS and understand what is shown on the transcript? Can the representative analyze you financial condition as well as the tax problem. Can the representative present alternative plans to help you. How do they explain what they will do if the initial plan does not work well? How many people have they helped? How are their fees determined? Ask as many questions as you need to feel confident of the person you are meeting. Ask for references. When you have satisfied yourself that the person appears competent you still have to be diligent that they are continuing to represent you as your case progresses. You must take an active part in getting the best result. Remember, glossy literature does not equal a skilled and dedicated professional. When you have serious problems you need serious representation.Good hunting!
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