How Enrolled Agents Help Taxpayers Prepare for IRS Debt Resolution ...

Plenty of people are hit by unexpected adverse economic circumstances when owing taxes on prior period income. The onset of financial struggle often affects individuals who planned on future income to pay an accumulated tax liability. Fortunately, there’s help available from professionals who have completed an enrolled agent course.
Enrolled agents promote themselves as highly qualified tax return preparers who can also provide tax debt resolution services. Taxpayers who develop relationships with enrolled agents as their tax advisers therefore have established connections to professional help in resolving any IRS problems that might arise.
When a taxpayer needs help with back taxes, using the services of an enrolled agent eliminates the emotional burden of dealing directly with the IRS. An enrolled agent presents the taxpayer with realistic expectations for reaching a resolution with the IRS that meets an individual’s goals.
For tax practitioners who have completed the EA exam, the IRS grants the special authority to represent taxpayers owing back taxes. Before negotiations begin, enrolled agents explain that eliminating back taxes with an Offer-in-Compromise is not always possible. In most cases, payment of tax liability is required. The IRS holds a strong position. So the main objective of an enrolled agent is to avert IRS execution of its power to seize a taxpayer’s bank account, car, home, or other possessions.
Most importantly, enrolled agents are accustomed to dealing with the IRS. Average taxpayers are inclined to say the wrong things that can inhibit positive tax resolutions. An important aspect of enrolled agent work is to assure that nothing is said that incriminates a taxpayer.
A principal task during many negotiations by an enrolled agent is preventing or removing bank account levies and wage garnishments. Enrolled agents also endeavor to limit IRS penalties and reach agreements for installment payments of back taxes.
Because of the detailed tax knowledge possessed by enrolled agents, they help taxpayers get a fresh start in resolving prior tax periods. Enrolled agents may have to prepare tax returns that were not filed for prior years. In many cases, the IRS prepares a “substitute for return.” These typically overstate actual taxes due because they omit available deductions and exemptions. Preparing a correct determination of the actual taxes due leads a taxpayer on the path to a final solution.
There are many tax resolution tools used by tax practitioners who have passed the enrolled agent test. Not all of them are suitable to every troubled taxpayer. But enrolled agents are the only professionals specifically authorized by the IRS to utilize all available remedies on behalf of taxpayers.
IRS Circular 230 Disclosure
Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.

Source: http://ffaadmin.wordpress.com/2011/07/07/how-enrolled-agents-help-taxpayers-prepare-for-irs-debt-resolution/

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