An enrolled agent’s services can be very helpful when it comes to handling your tax issues, especially those related to the IRS. There are other options available when it comes to hiring someone to handle your taxes, such as hiring a CPA or tax attorney. Like tax attorneys and CPAs, enrolled agents are tax professionals who have become licensed to represent taxpayers. However, enrolled agents have specialized training when it comes to dealing with the IRS. This is because they have more strenuous training when it comes to working directly with the IRS. They spend 5 years training and have to prove their competence and knowledge through difficult testing. Enrolled agents are able to represent anyone, in any state, because they are federally licensed by the US government, instead of state licensed.
Best Times To Hire An Enrolled Agent
If you are facing tax issues that are specifically related to the IRS, such as an audit or need to respond to an IRS collection enforcement, an enrolled agent is the best tax professional to handle your case. Contact an enrolled agent immediately if the IRS has given you any indication to believe they will be placing a lien on your physical assets, to garnish your wages, or place a tax levy on your bank accounts. If you have already had a levy placed against your bank account, an enrolled agent can help you find a solution to release the levy. Additionally, if it has not happened yet, an enrolled agent has the knowledge to help postpone these actions against you, buying you time to get your affairs in order and come up with a strong plan.
Solutions With An Enrolled Agent
Enrolled agents have such a wealth of knowledge and experience dealing with the IRS that they have the potential to help reduce your overall debt in these ways:
-Penalty Abatement: If your enrolled agent can present a strong enough case in your favor, it is possible to have your penalty fees reduced or completely waived.
-Offer-in-Compromise: Depending on your specific tax case, it is possible for your enrolled agent to negotiate a plan to reduce the amount of taxes you owe.
-Installment Plan: If you cannot pay your taxes all at once, your enrolled agent can present a payment plan to the IRS to help you pay it off in installments you can afford.
Sandra King Enrolled Agent
Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. You may learn more about enrolled agents in Treasury Department Circular 230(PDF). Before you call one of the large advertisers claiming to solve your problems for pennies on the dollar, take the time to talk to your trusted, local tax expert. We solve IRS tax problems locally and in every state.
King Financial Services Inc