The Realities of Resolving Back Tax Debt

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.