Tax Debt Help Through a CPA?
Some people believe that tax debt relief is best through the use of an attorney, or enrolled agent.
Well, it depends on how serious your tax problem is as well as what you are trying to accomplish.
You may be surprised to find that a CPA can help you in many ways just as much as an attorney or Enrolled Agent can with IRS issues.
They are licensed by the State or territory level, and usually need a college degree (baccalaureate) plus a certain amount of semesters in addition to passing an exam.
CPAs though can be tax focused and have years of experience in dealing with the IRS, so be sure to find out qualifications by asking questions first if you are considering one for services.
Many CPAs have gained experience helping taxpayers with different problems because usually before any resolution can be obtained you need to file tax returns.
If your situation is not complex you may be able to get away with using a CPA as opposed to a tax attorney or enrolled agent.
For example, you may have a small amount of debt that is owed from underpaying on last year's return.
Or you need to amend a tax return, apply for an installment agreement, file unfiled taxes then a CPA can help.
Sure, you could hire an attorney but an attorney may be more than you need.
When it comes to more complicated issues like an Offer In Compromise, removing a tax lien, or releasing a levy a tax attorney can be very helpful, especially if bankruptcy is being considered.
Overall, don't rule out a CPA at first for relief because they may be just exactly what you need for your situation.
Many tax relief firms today have a diverse tax team that range from tax attorneys, to former IRS agents to make sure you are getting the best professional for your problem.
Well, it depends on how serious your tax problem is as well as what you are trying to accomplish.
You may be surprised to find that a CPA can help you in many ways just as much as an attorney or Enrolled Agent can with IRS issues.
They are licensed by the State or territory level, and usually need a college degree (baccalaureate) plus a certain amount of semesters in addition to passing an exam.
CPAs though can be tax focused and have years of experience in dealing with the IRS, so be sure to find out qualifications by asking questions first if you are considering one for services.
Many CPAs have gained experience helping taxpayers with different problems because usually before any resolution can be obtained you need to file tax returns.
If your situation is not complex you may be able to get away with using a CPA as opposed to a tax attorney or enrolled agent.
For example, you may have a small amount of debt that is owed from underpaying on last year's return.
Or you need to amend a tax return, apply for an installment agreement, file unfiled taxes then a CPA can help.
Sure, you could hire an attorney but an attorney may be more than you need.
When it comes to more complicated issues like an Offer In Compromise, removing a tax lien, or releasing a levy a tax attorney can be very helpful, especially if bankruptcy is being considered.
Overall, don't rule out a CPA at first for relief because they may be just exactly what you need for your situation.
Many tax relief firms today have a diverse tax team that range from tax attorneys, to former IRS agents to make sure you are getting the best professional for your problem.
