Their Payroll Tax Payments and Filings?[/title]
More importantly, do you know the best ways to help your clients out of a payroll tax problem with the IRS?
As a tax professional, you’re very likely to have a client walk in your door this tax season with this very problem.
If you’re not familiar with this area of tax, you’re not alone. Plus, the landscape has drastically changed in the last few years. With a new “sheriff” at the helm of the IRS that’s cracking down on non-compliance, the likelihood is high that a business owner in payroll tax arears could actually face jail time.
Most tax professionals need help understanding the IRS payroll tax collections process, terminology, and the best options available to the taxpayer.
Once you do, this area can be extremely lucrative for your and your firm.
High demand. Highly lucrative.
That’s why we’ve made our Resolving Payroll Taxes Masterclass available outside of the Tax Rep Network for the very first time. Taught by nationally recognized tax rep attorney Eric Green, this course is designed specifically for tax professionals so they can learn fast and help their clients more effectively.
The Masterclass consists of 6 videos (total time 2 hours 53 minutes) with slide deck handouts plus 8 exhibits. Here are the topics you’ll learn.
- The true landscape at IRS regarding payroll taxes – (hint: enforcement is not down; it’s automated)
- How on-the-job learning about tax representation from experienced IRS officers is a thing of the past – you need to know your stuff before you go in
- Why payroll tax payments are such a priority for the IRS
- What early interaction initiatives by the IRS are
- Why companies not paying payroll taxes are a double hit to the government’s cash flow
- How use of a third-party payroll provider can lead to fraud
- What the Financial Fraud Enforcement Task Force (FFETF) is
- What the two sides of payroll taxes are in the eyes of the IRS
- What a trust fund means (and it doesn’t have to do with estate taxes!)
- What the failure to deposit and failure to file penalties are
- What you need to know about the TFRP – Trust Fund Recovery Penalty
- What a “responsible person” is and how to represent one
- What the various IRS notices look like: CP501, CP504, CP90, Letter 1058, Letter 11, and more
- The steps to the collection process and how to respond for your client at each step
- How to request a collection due process (CDP) or equivalent hearing
- What to file to stop levy action against your client
- What clients typically do to get themselves into this kind of trouble
- How to properly complete the 12153
- What Letter 903 is and what’s recently been added
- What liens and levies and other IRS collection tools are
- How to complete Form 4180 so that you can reduce client risk
- What to do in cases where the IRS officer is aggressive
- Whether you should sign the 2751
- Options and strategies to avoid the liability
- When to use a DATL Doubt-as-to-Liability option
- What the difference is between DATL and Audit Reconsideration
- Options and strategies available for resolving outstanding payroll tax debt
- What to do when a tax debt is CNC – Currently Not Collectible
- What the relationship is between bankruptcy and payroll taxes due
This course returns a high ROI with your very first client. Just one payroll tax client can generate a high 4-figure retainer.
About the Author:
Attorney Eric L. Green is a practicing tax attorney, author, speaker, and coach. He founded Tax Rep LLC which runs the popular tax representation practice-growth training and coaching program Tax Rep Network. Through his role as the primary instructor and coach at Tax Rep Network, he has helped hundreds of accountants start and grow successful tax representation practices.
Eric is a partner and founder of law firm Green & Sklarz LLP, which is based in New Haven, Connecticut, where his focus is taxpayer representation before the IRS, Department of Justice Tax Division and state departments of revenue. Prior to becoming an attorney, Eric served as a senior tax consultant for national and international accounting firms, including KPMG and Deloitte & Touche.
Eric developed a national reputation by building a remarkable record of negotiating favorable settlements in thousands of civil cases against government agencies and has also been able to convince government agents and attorneys to forgo criminal charges and civilly resolve many cases.
Eric is a Fellow of the American College of Tax Counsel, an organization in which membership is an honor reserved for those at the top of their chosen profession. The College’s members, called “Fellows,” are recognized for their extraordinary accomplishments and professional achievements and for their dedication to improving the practice of tax law. Fellows must be nominated by their peers for this honor.
Course Outline:
- The Landscape
- The Basics
- Assessment Against the Business
- Assessment Against the Individual
- Strategies for Minimizing and/or Avoiding Liability
- Resolving the Outstanding Payroll tax Debt
Clients Say
Provide Your Client with the Best Advice Leading to the Most Desirable Outcome
We know you want the best outcome for your client. This course will bring you up to speed as well as share key strategies of what to do and what not to do when supporting your client in IRS payroll tax collection cases.
