Written by Scott Allen

What Is A Tax Advisor?

What Is A Tax Advisor

A tax advisor is a financial expert or tax consultant that is extremely knowledgeable of tax law and has advanced training that can help solve IRS problems without hiring a tax attorney. Generally, a tax advisor’s services are retained to help minimize taxation, but remain compliant with local and federal laws, which often include financial situations that get complicated. The term tax advisor includes various titles, including tax attorneys, Certified Public Accounts (CPA), and financial advisors.

Tax preparers and advisors are not licensed, but regulated by the Internal Revenue Services (IRS). A tax advisor’s duties are outlined by the Treasury Department Circular No. 230. Reg. 10.33(a). If one fails to comply with these outlined standards provided by the IRS, disciplinary action and penalties can occur.

Enrolled Agents Are Tax Advisors

Searching for an enrolled agent is a good approach. An enrolled agent is an expert tax advisor who is requited to pass a complex test, currently licensed to represent people in front of the Internal Revenue Service, and achieve annual continued education requirements. An enrolled agent is able to provide some tax-planning advice and prepare income tax returns. If you have received a penalty letter by the IRS, an enrolled agent can help with this.

An enrolled agent works within a range of environments. Some may have a firm of their own, some work at tax-preparation chains, while others are certified financial planners or CPAs too. You are able to locate enrolled agents using the National Association of Enrolled Agents (www.naea.org). Typically, they charge per tax form when preparing returns, meaning the more complex your return the more you pay. For tax planning, they commonly charge per hour.

Who Needs a Tax Advisor?

Many people, if not the majority would benefit by employing a tax pro, especially those of us who fall under specific circumstances. Naturally, if your tax life is complicated, including factors like real estate transactions, retirement savings accounts, self-employment income, trust funds, rental property income, home office, stock options, etc., you can find the service of a tax pro to be helpful. In addition, those who live and work in multiple states or countries can benefit from tax pro services, when buying, selling, or running your own business, or simply living an active lifestyle.

Consulting a tax advisor is smart when experiencing major life events, including when adopting or having a child, getting married or divorced, have dependents you financially care for (such as parents or children), are a widow, received inheritance, buying or selling a home, starting a job or lost a job.

Not only can a good tax professional provide useful services through tax season, when tax returns are prepared, but year-round. This is because they keep updated with the latest tax laws, rules, regulations and are able to answer questions, provide advice, and give tax strategies to save money. For instance, effectively timing a sale for different asset types, allowing you to benefit from all credits and deductions available, and more.

How to Choose a Tax Advisor

One way to find a good tax consultant includes asking relatives or friends for their recommendations. Anotehr way is to find one on your own, such as using the National Association of Enrolled Agents website. You should ensure the tax pro has experience with your type of situation. For instance, small business taxes or personal income tax. Search for a professional that has more than a couple years of experience within the area, ensure they have a preparer tax ID number.

After you find a few possible tax pros, conduct due diligence research, ensure they are trustworthy and do not have a negative history. You can use the Better Business Bureau to do this search for accountants, and the board of accountancy within your state. To conduct research on enrolled agents, search for any licensing issues or disciplinary actions using the IRS Office of Enrollment.

Other things to ask about include certifications, professional affiliations, licenses, educational background, and references are a common request as well. If you are employing a tax consultant to prepare tax returns, question what happens in the event of an audit. Also, a significant factor is that you are comfortable working and speaking with the professional you choose.

You should not assume that employing a tax consultant is something only for the wealthy, or that one is not needed. It could cost a few hundred dollars to employ one, but it could save thousands, or more!

Need A Tax Advisor In Arizona?

Scott Allen E.A. Is an enrolled agent and experienced tax advisor that can help with numerous tax problems and more.

Written by Scott Allen

Tax Debt Advisors—How do I qualify for Equitable Tax Relief in Glendale AZ?

Glendale AZ Equitable Tax Relief

Equitable tax relief may be available if you do not qualify Separation of Liability Relief.  If you filed correctly and owe IRS taxes on a jointly filed return but you feel that the tax is attributable to your spouse, you can petition the IRS for relief using IRS Form 8857.  To qualify for Glendale AZ equitable tax relief you must prove that considering the facts and circumstances, it would be unfair for the IRS to hold you responsible for the taxes owed.

Scott Allen E.A. of Tax Debt Advisors has the expertise to consult with you about your chances of getting relief of an IRS tax burden in Glendale AZ through the equitable tax relief program.  Tax Debt Advisors has been helping taxpayers since 1977.  Call for a free consultation at 480-926-9300.

Written by Scott Allen

Tax Debt Advisors Protecting Assets from Chandler AZ IRS Levy

Chandler AZ IRS Levy

It is not possible to protect your assets for lengthy periods of time without doing something illegal.  But there are certain actions you can take to protect yourself and your assets until you can get a settlement with the IRS and remove an IRS levy in Chandler AZ.

If you know a Chandler AZ IRS levy is going to happen you might consider transferring funds in a bank account to another bank.  Remember this is not to run from the IRS but rather to allow you to financially exist until you get matters worked out.  If the IRS inquires about what specific assets you have, you are required to tell them the truth.  However, it is not a crime to not disclose assets that they do not ask for. If you decide to move your bank account funds to another bank and do not initiate an IRS settlement soon thereafter, the IRS will assume you are not serious about getting your IRS matter resolved.  This can have serious repercussions later on.
Scott Allen E.A. of Tax Debt Advisors has the expertise to advise you on how to protect your assets from a Chandler Arizona IRS levy while you are working towards an IRS settlement.  Tax Debt Advisors has been representing clients with IRS problems since 1977.  Call for a free initial consultation at 480-926-9300.

 

Written by Scott Allen

Tempe Arizona IRS Audits and IRS Tax Court Notices

Tempe AZ IRS Audits

Tax Debt Advisors Inc has be representing clients with Tempe AZ IRS Audits and responding to IRS Tax Court Notices for over three decades. Neither of these two notices mean that you have done anything wrong or dishonest. However if you do not respond appropriately you will be treated as if you had done something wrong or dishonest.  AZ IRS Audits are successful when there has been correct preparation of the documentation to support deductions and expenses. IRS tax court notices require correct tax returns be filed. If you desire representation, a power of attorney must be filed with the IRS. The power of attorney allows your representative to handle all matters with the IRS and negotiate on your behalf.  Scott Allen E.A. has the expertise to handle both IRS audits and tax court issues in Tempe AZ. Scott Allen E.A. of Tax Debt Advisors Inc can be reached at 480-926-9300. Scott will not take your case unless it is in your best interest.

 

Written by Scott Allen

Tax Debt Advisors, Inc.—What you need to know about a CP-90 letter?

IRS CP-90 letter Peoria AZ

This letter is telling you that the IRS will begin to levy your assets.  That means your social security benefits, you salary and bank accounts.  The Peoria AZ IRS will also lien your property including your vehicles and your home.  You can stop such action by paying the amount due.  Very few taxpayers have the ability to pay off their tax debt or they would have done it sooner in most cases.  If you cannot pay off the balance due, you need Peoria Arizona professional help.  The IRS will expect you to enter into an Installment Arrangement or making an Offer in Compromise.  Your proposal needs to be within 30 days from the date of the notice.  If you don’t agree with the tax assessment you have the right to file an Appeals Collection Due Process hearing (CDP).   If you tried to contact the IRS and received no response you can contact the IRS Taxpayer Advocate Service.

There are a lot of things to consider and understand in this whole process.  Scott Allen E.A. of Tax Debt Advisors, Inc. has the expertise to help you through any IRS problem in Peoria AZ.  At your free initial consultation you will get straight answers.  Call 480-926-9300 to schedule an appointment.

www.taxdebtadvisorsinc.com

 

Written by Scott Allen

Call Scott Allen E.A. before you meet with an Appeals Officer in Scottsdale AZ

Scottsdale AZ IRS Appeals Officer

If you have filed an Appeal to a previous IRS determination that you disagree with, you will be meeting with an Appeals Officer.  This is your last and best chance to get the settlement you are seeking.  This is a critical time to get Scottsdale AZ IRS help from a professional with expertise in meeting with Appeals Officers.  Scott Allen E.A. is the right guy.  He offers a free consultation and will make sure you are seeking the right IRS settlement option.

Since Scott Allen E.A. has worked with most if not all of the Appeals Officers in the Scottsdale AZ area, he knows what their “hot buttons” are.  This is one time when having a good relationship with the IRS Appeals Officer is more important than the arguments Scott will be making on your behalf.  Appeals Officers want to get a quick settlement and move on to the next case.  That is what makes them look good to their managers and prevents the Appeals Office from being clogged up with unresolved cases.  Contact Scott Allen E.A. to schedule a free consultation at 480-926-9300.  He will make your appointment a great day for you!

 

Written by Scott Allen

Call Scott Allen E.A. if you receive an Arizona Notice of Federal Tax Lien

Notice of Federal Tax Lien in Arizona

This is definitely the time to get the expert opinion of an Arizona IRS resolution professional.  Many times Scott Allen E.A. will advise you to request a Collection Due Process (CDP) hearing.  You only have 30 days from the date of the Notice of Federal Tax Lien to request a CDP hearing.  Sometimes even getting a delay will allow you time to complete a home or car loan even if the tax lien is eventually filed.

The Appeals Officers at a Collection Due Process Hearing is an impartial employee at the IRS that has not had any previous dealings with your matter.  This is a time to explain your side of the story why an Arizona Federal Tax Lien should not be filed.  Scott Allen E.A. in Arizona has represented many clients before a CDP hearing and can advise you of your best strategy or options to avoid a tax lien being filed.  Scott Allen E.A. offers a free consultation and can be reached at 480-926-9300.  Scott will make that day a great day for you!

 

Written by Scott Allen

Call Scott Allen E.A. if your IRS Tax Debt in Tempe AZ keeps going up

Tempe AZ IRS Tax Debt

If your Tempe AZ IRS tax debt keeps going up despite making monthly payments, perhaps you need to consider a different option.  This is where an IRS resolution professional with expertise in settling IRS debts can really help and bring you peace of mind that you are doing the right option.  If you IRS debt will expire shortly because of the IRS statute of limitations is about to wipe out your IRS liability, don’t worry that the balance is going up.  Just continue making your payments.

Scott Allen E.A. near Tempe AZ offers a free consultation to evaluate your current situation and will advise if there is a better option for you to consider.  Scott can be reached at 480-926-9300 and will make your consultation appointment a great day for you!

 

Written by Scott Allen

Why use Scott Allen, E.A. with Tax Debt Advisors, Inc?

Who should be your Arizona IRS Representative?

  • E.A. stands for Enrolled Agent.  Enrolled Agents are authorized to represent clients in all 50 states.  Attorneys and CPA are only able to represent themselves to clients as Attorneys or CPA’s in the states that they are licensed.
  • An E.A. or Enrolled Agent must pass a rigorous test regarding their knowledge of tax law.  The Bar exam given to Attorney’s has almost no requirements for tax knowledge.  The same is true of the CPA exam.
  • IRS agents and IRS officers are known as “bill collectors” and are hired to get the largest payment or settlement they can—that’s their job.  Scott Allen E.A. is there to make sure you get the smallest payment or settlement allowed by law.
  • It can be very intimidating working with IRS agents and officers.  With Scott Allen E.A. you will be put at ease regarding your IRS problem and know that it is being handled by a competent IRS representative.
  • Many IRS employees are incompetent or only willing to do the minimum amount of work to keep their manager off their back.  You need IRS representation to keep your IRS agent or officer “on their toes”.  Scott Allen E.A. can request a conference with your IRS agent or officer if he senses that he is getting the “run around”.  That is something most taxpayers are unable to detect.
  • Not always but occasionally IRS agents or officers will take advantage of your lack of IRS procedures and policies.  IRS agents or officers know that an Enrolled Agent is knowledgeable of IRS procedures and policies.
  • Most tax preparers including CPA’s are not experienced in working with IRS resolution work.  Scott Allen E.A. expertise is in resolving IRS problems.

Don’t put your head I the sand.  It is only a matter of time before the IRS catches up to you.  Put time on your side by contacting Scott Allen E.A. today at 480-926-9300 for a free consultation and put your mind at ease.

 

Written by Scott Allen

New IRS Offer in Compromise rules and changes

IRS Offer in Compromise rules

Important changes to the IRS’s Offer in Compromise Program (Form 656).  IRS Tax Problem help from Tax Debt Advisors, Inc. here in Mesa, Arizona

Offer in Compromises have become increasingly tough to get the IRS to accept over the last 10-15 years.  Most taxpayers made too much money or had expenses too high that the IRS does not accept.  In previous years the IRS multiplied your monthly available income by either 48 or 60.  As of recent years the IRS has changed those numbers to 12 and 48.  This is a huge difference in Offer amounts the taxpayer would be required to pay to the IRS for their past tax debt.  Call and talk with me, Scott Allen, E.A. and schedule an appointment for a free consultation to discuss your IRS (or state) debt.   While the old Offer in Compromises rule didn’t work for you in the past, find out today if you will qualify under the new IRS Offer in Compromise rules.

Scott Allen, E.A.  Tax Debt Advisors, Inc  Phone 480-926-9300

Mesa AZ IRS tax debt help, Gilbert AZ IRS Offer in Compromise help, Chandler AZ IRS problem help, Phoenix AZ File Back Tax Returns, Scottsdale AZ IRS Tax Settlement Company

 

1 2