Perhaps for practitioners dealing with clients in the IRS collections process the best advice it to “get your money up front,” according to EA Patti Logan, herself a former IRS revenue officer. She notes that enforcement remains king at the IRS, making collections an area where taxpayers are always going to need help and representation. Setting up installment agreements and other negotiations with the IRS requires an understanding of how the collections process works and what IRS staff can and can’t do in terms of settlements and agreements. But, Logan notes, that your success in relieving the pressure your client feels from the IRS could also be sufficient to make paying your bill a much lower priority as well. Ms. Logan’s recent article in the Journal of Tax Practice and Procedure is filled with practical advice for practitioners offering help to taxpayers caught in the collections at the IRS.
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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products.