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The Realities of Resolving Back Tax Debt

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During AccountingWEB Live Summit, tax attorney Eric L. Green and Darren Guillot, IRS Deputy Commissioner of SBSE Collection & Operations Support detailed the processes and procedures accountants can go through to properly conduct tax resolutions for their clients.

May 11th 2022
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Tax resolutions aren’t for every accountant, but it can be lucrative if you know the right way to deal with them.

For any tax pro, sooner or later their clients need to resolve back tax debt. This inevitably leads to many hours of dealing with the IRS, going through the right processes and, of course, the emotional aspects of clients who have fallen into arrears with their taxes, usually due to avoidance.

According to Eric L. Green, tax resolution work isn't to be taken lightly, but it can be fulfilling, and he thinks more accountants would do it if they were taught how.

During AccountingWEB Live Summit, tax attorney Eric L. Green and Darren Guillot, IRS Deputy Commissioner of SBSE Collection & Operations Support detailed the processes and procedures accountants can go through to properly conduct tax resolutions for their clients.

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Theo L. Morson, JD, LLM
By tmorson3
May 15th 2022 15:24 EDT

Certainly, owing the IRS is something that everyone tries to avoid. Debt resolution can be very lucrative for an accountant, yet very time consuming. Sometimes the experience is not worth the additional compensation. It takes a special individual with tremendous skills to handle this line of work consistently. This was a very good article.
T.L. Morson and Associates, PLLC
www.tlmorson.com

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