Do you feel like you have few / limited / or no options in your tax situation? What would a tax consultant recommend if you could meet with one for an hour?
Perhaps you just received a CP 2000 letter. Or maybe you just received a lien or levy notice. The number of situations and questions you might pose to a tax consultant could vary in scope and complexity.
“Can I discharge my debt to the IRS in bankruptcy?”
“I don’t have money to pay back taxes. What can I do?”
“”I haven’t kept (or have lost) good records? What do I do?”
“Will IRS take a payment plan?”
There are always options. No one is better suited to be able to assist you in exploring your best tax relief options than a qualified Enrolled Agent. Of the various tax consultant professionals available to you, from qualified accountants, financial consultants, and CPAs, when dealing with issues that involve the IRS, the tax consultant professional you are looking for is called an “Enrolled Agent” (which stands for “Enrolled Agent to Practice Before the Internal Revenue Service”).
You may have considered sparing yourself the expense of hiring a tax consultant and try resolving your tax problems on your own. Actually for a lot of people, and in many situations, this may be a good option. Responding to a letter from the IRS, or doing a correspondence audit is certainly not as involved as penalty appeals or handling an IRS audit where important records are lost or missing.
Generally, however, the reason people find themselves in a bad situation is because, for any number of reasons, they have put off dealing with their taxes until it finally caught up with them.
Why do people do that?
Here’s an interesting answer to that question. Studies show that among the top reasons why people procrastinate are:
Not knowing where or how to start
Complicated-task anxiety, Complex projects often seem daunting
Projects that are viewed as being unpleasant
If those reasons don’t define “doing taxes” for most people, I don’t know what does.
Other reasons for procrastinating also include:
Distractions of lack of focus
Boredom from minutiae
The inability to make decisions
Poor organizational skills
It’s not likely that people who put off doing taxes for the above reasons are going to be inclined to (or successful in) representing themselves before the IRS. If you feel you have put off dealing with your taxes for similar reasons, it would make sense for you to seek professional help from a tax consultant who is a qualified Enrolled Agent.