Friday, February 13, 2009

Tax Representation and the Enrolled Agent


If you are one on millions of taxpayers who owes the IRS and or has not filed a tax return in many years, you may need help. Tax representation is when you hire someone, like a Enrolled Agent, to represent you before the IRS.

An Enrolled Agent is not an attorney, but is someone who has passed exams given by the IRS that allows them to speak to the IRS on your behalf. You will need to sign a limited Power Of Attorney form. This only allows the EA to represent you before the IRS.

An Enrolled Agent has to follow all the rules set up by the IRS, but is probably aware of rights you have for resolution of your tax problems that you may not know about.

Unlike some of the ads you see on TV or radio, rarely are you going to get a cents on the dollar resolution. They make it sound so easy, but the IRS approves very few of these Offers In Compromise. Everyone wants one but very few people qualify. They are mostly for those with no assets and unable to work. If you own your home, and are young and able to work, you probably do not qualify.

You may qualify for a Currently Non Collectible Status which an Enrolled Agent can help you work on. The process is complex, and having someone on your side explain the process to you, can making an intimidating process easier to understand.

If you have a Revenue Officer, the Enrolled Agent can work with your Revenue Officer and help you understand your options and rights. In some cases you may not need to meet with your RO. But even with an EA, your RO still has the right to request to meet with you personally.

Choose your tax resolution company carefully. No one can promise you they know in advance the outcome of you situation. A thorough review of your tax problem and financial situation is required and what the IRS response will be to your situation, no one can be sure of. Be wary of anyone who promises you a specific outcome. Visit Effectur's website for more details.

As an Enrolled Agent, everyday I help clients who have tax problems. If you have questions and want a live chat on your tax problems, visit our website.

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