Wednesday, November 7, 2007

The True Tax Consultation

In the tax industry there are many so called "Tax Experts" who claim to be experts in "Tax Relief" or "IRS Tax Relief" , however they usually are no more an expert than a used car salesman is an expert mechanic. The reality of the situation is that most Tax Consultants do not have any type of technical training much less any legal credentials to represent tax payers before the IRS or any taxing authority. So the question is what is a considered a true tax consultation?
My definition of what is a true tax consultation does not necessicarily have to begin with someone who is legally licisenced to represent taxpayers but it should begin with someone who is thoroughy versed in tax code or at least a specific area of tax code, such as the IRS Collections Division.
A true tax consultation for someone seeking "IRS Tax Relief" should start with a firm that thoroughly trains their consultants. How do you know if a consultant is thoroughly trained? If a consultant is thoroughly trained they should be able to educate a client on how they arrived at their current situation, what caused this situation, what needs to be done immediately to alleviate their current situation and what needs to be done to avoid this situation in the future. They should also be able to accurately and honestly tell the client what can realisticly be done to resolve their situation, meaning they should know what the IRS' parameters are regarding all aspects of tax resolution. This involves knowing the law in regards to "Offers In Compromise", "Installment Agreements", "Currently Not Collectable Status", "Amended Returns", "Penalty Abatements" and numerous other possible resolution options.
If a consultant cannot or does not explain to a client what the qualifing parameters involved with each resolution option is and whether or not the client is within the qualifing parameters then they are not providing the client a true tax consultation. What they would be providing at that point is a dream, just to collect fees from you. Remember if it sounds to good to be true then it more than likley is.