Tax debt is no joke, especially to the Internal Revenue Service. If your client owes the IRS for tax delinquency, regardless of the reason, the IRS will not sit back and wait. Count on it to be aggressive in collection attempts.
Assisting clients in navigating the complexities of tax debt relief is a vital aspect of a tax professional’s role. With an ever-growing number of individuals facing financial challenges, understanding the various relief options and strategies is essential to providing the best possible guidance and support. In this comprehensive article, we will delve deep into the realm of tax debt relief, outlining the available options, eligibility criteria, and practical tips for successfully obtaining relief for your clients. By expanding your knowledge in this area, you can empower your clients to overcome their tax burdens and strengthen your tax resolution practice’s reputation for delivering outstanding results.
What Methods Does the IRS Use to Collect Unpaid Taxes?
First of all, as you know, IRS problems do not go away on their own. In fact, if ignored, the problem just gets worse. Some of the methods the IRS uses to be sure debts get paid are penalties, liens, and in some cases, wage garnishments.
Are Taxpayers Just Negligent?
Why do taxpayers get behind? Taxpayers are not always negligent. They fall behind on taxes for various reasons. Personal problems are often behind a delinquency.
Tax issues can occur because of unexpected or worsening health concerns, marital problems or divorce, loss of job, or income reduction. When issues such as these arise a tax bill can quickly add up to an amount that appears to great to overcome based on a taxpayer’s assets and resources. The IRS will be relentless until debts are paid in full.
This is where you can help.
You can offer immediate relief to your clients with unpaid taxes by introducing different solutions that can help settle the amount of back tax debt your client owes the IRS. The Fresh Start Program and Offers In Compromise (OIC) are a couple of programs designed to help taxpayers who have fallen behind and can’t afford to pay what they owe on back taxes.
Tax debt is no laughing matter. All of your clients deserve to work with a company they can trust. Will you know what to do when they come to you for help? You don’t have to face IRS dealings unsupported. We’re here for you.
How IRS Solutions Can Help You Get Tax Debt Releif For Your Clients
IRS Solutions Software gives you the confidence to provide services you may have been uncomfortable with in the past. Another benefit of membership is the training you get on our monthly case study calls.
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By making sure your clients understand the new laws and are paying enough tax during the year you’ll both avoid a big surprise when you least need it next tax season.