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Offering Enrolled Agent Expertise Most Important To People With Tax Notices

February 26, 2012 | Comments: 0 | Views: 162

When a tax practitioner attains enrolled agent certification, the best way to reach out with new services is summoning people with tax notices. In too many instances, individuals are so frightened by an IRS letter that they don't even open it. When they receive notification of a certified letter from the IRS, they avoid going to get it at the post office.

This only causes them to miss the deadline for responding. Fear and panic over a tax notice causes inertia. An enrolled agent merely providing the service of looking into the trouble removes having worse circumstances arise from lack of action.

In many cases, a tax notice only provides information to a taxpayer. For example, additional forms are sometimes required for previously submitted tax returns. A product of enrolled agent education is familiarity with preparing any mandated forms.

Sometimes an IRS letter simply describes proposed adjustments to a tax return. This can occur, for example, when a source of income was omitted on a return but reported to the IRS by the payer. Often these amounts are very small. That's why taxpayers forget about them. An enrolled agent search resolves the problem with an explanation of the situation.

Even IRS notices about examinations are usually limited in scope. The IRS customarily examines records for an isolated part of a tax return. A taxpayer can remove the burden of responding by turning the matter into an enrolled agent job. The EA can even represent the taxpayer by contacting the IRS and requesting additional time to gather records.

The IRS conducts all correspondence in writing using the US mail. Every tax notice is time sensitive. Missed deadlines have adverse consequences that are otherwise easily avoidable. Appeal rights are limited when a timely response isn't sent to the IRS.

Worst of all, ignoring a tax notice leads to IRS collection activities. All the stories about liens, levies, and seizures only occur after a lot of preliminary procedures. The most important of these measures is written notice sent to the taxpayer.

Big problems are averted when the IRS receives a phone call and written response. Most individuals need professional representation for these things. Enrolled agents are underestimating their importance if they fail to recognize this fact. People really do need invitations to obtain help. Otherwise, they often will not even open their mail from the IRS.

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.

Fast Forward Academy is a leading publisher of education for enrolled agent certification and tax professionals. Access to free questions for the enrolled agent is available on their website.

Source: EzineArticles
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