24 Sep

Benefits of the TRN Certified Tax Resolution Consultant Program

Certification, CTRC

The Certified Tax Representation Consultant (CTRC) program is designed to help qualified professionals enhance their careers and demonstrate their expertise to clients. With billions in new funding and automated enforcement beginning again for the 25 million taxpayers in trouble, there is no better time to showcase your expertise in helping taxpayers.

Tax Rep Network’s CTRC provides everything you need to become a Certified Tax Representation Consultant. In this training, you will receive 20 hours of on-demand training on audits, collections, offers and compromise, and innocent spouse and payroll tax problems.

By becoming certified, you will not only benefit from the training, but you will also show your clients and colleagues that you are committed to excellence. Over 300 CTRs have found that certification has elevated their careers and improved their marketing.

The CTRC Program Consists Of These Focused Training Courses

Each course includes:

4-5 Hours of Video Training
All Program Materials
Sample Letters, Checklists, and Forms
Marketing Tips and Tricks

The Tax Rep Network Certified Change Consultation

IRS Audits: From Contact Letter to Closing Agreement

Learn more here.

IRS Collections: Representing Taxpayers Before the IRS Collections Division

Learn more here.

Innocent Spouse: Obtaining Innocent Spouse Relief

Learn more here.

IRS Offers In Compromise: Resolving Tax Debts with an Offer-in-Compromise

Learn more here.

Payroll Tax: Resolving Payroll Tax Issues

Learn more here.

Start earning more by upleveling your professional training! Start the CTRC today.

23 Jul

The 8 Steps to Building a Million Dollar Tax Rep Practice

Practice Building

How did we build a $5 million firm? What do I advise my Tax Rep members to do in order to hit that $1 million revenue mark?

The process for building a $1 million Tax Rep firm is not hard to understand, if not easy to do. In this entry I will lay out the 8 steps to follow that I advise anyone who wants to take their practice to the next level.

Identify Want You Want

It can be difficult sometimes to know what you want. It was for me.

As I explained in the opening of my book How to Build a $1 Million Tax Rep Practice, it was a Sunday about five years ago, and I was in the office as always, miserable, when I spoke with a friend of mine, Brent Robertson. Brent is one of the founders of Fathom, which is a consulting outfit in West Hartford, Connecticut where they do marketing and problem-solving for many companies and entrepreneurs. He easily recognized my unhappiness. “What’s up?” he asked in his usual cheery way.

“I need to ask you something,” I started, “The firm is great, growing every day. Tax Rep keeps growing. The podcast following keeps growing. My wife and kids are great. So why am I so miserable?”

“Ahhh,” he started, “Well, tell me what you want.”

“What do you mean?”

“I mean,” Brent said, “describe to me what you want your day, week and month to look like. Walk me through that.”

I couldn’t.

“Well, until you know what you want, it will be hard for anyone to help you, and for you to know which steps to take.” Brent said. “Can I suggest we meet for coffee next week, and meanwhile you need to think about what you want your life and practice to be, and then we can engineer how to make that happen.”

And that is exactly what we did. Brent had me lay out my goals. We figured out what I needed to do, step-by-step, to reach those goals, and then we began implementing the process.

Engineer Backwards

How many clients do you need to get? How much will you be charging for each service? It helps to get somewhere if you know where you are going.

Let’s say you have a tax preparation and accounting practice now which brings in $350,000 in revenue. We would need to add another $650,000 of business. Now figure out what services you want to Offer (see Step # 3 below) and begin doing the math to figure out how many new clients you need to get each month. Put together your marketing/networking plan (see Step #6 below) and start executing.

What Services Do You Want to Offer

What services should you offer? Its easy – what do you enjoy doing? It makes no sense to offer a service you don’t like providing. So don’t.

If you like accounting and numbers, focus on audits and forensic reconstruction of records. If you find innocent spouse cases fascinating, then focus on those cases (and market to Family Law/Divorce attorneys). Life is too short to be stuck doing something you hate, so focus on finding the types of cases you like.

Leverage Technology

The way to get work done efficiently and make more money is to leverage technology.

We leverage technology as much as possible. If there is a way to aotmate something, we do it. Our current technology stack includes:

Anchor, to get our agreements signed and paid. If the potential client doesn’t sign immediately than Anchor will follow-up until they do
RCReports, for reasonable compensation reports for any S Corporation or C Corporation owners
NiceJob so that we get those 5-star google reviews from our happy clients
Tax Help Software for all of our transcripts, resolution forms, and monitoring our clients accounts
ENQ for calling the IRS and getting through in under 3 minutes

Deal with Your Existing Practice

If you have an existing practice that is not bringing you joy and profits, we need to decide what to do with it. This is usually when people ask me “Should I get rid of my tax return business?” or “I know, get rid of the bookkeeping…”

I would say neither of those things. The answer is simply “what do you WANT to do with it?”

The big issue is deciding who you want to work with and making sure you are paid properly. You need to review your existing clients, make sure they are paying the correct amount for the work they are receiving, and jettison those that are not worth keeping.

Finding Clients

Clients are literally everywhere, and chances are you know a bunch who just have not shared they have tax issues. There are currently over 15 million taxpayers that owe back balances to the IRS, and another 10 million non-filers who will almost certainly owe money when the IRS catches up with them.

Inside Tax Rep our members have access to over 40 hours of on-demand training, all of our letters, blogs and material, and we do a live marketing session each month for all the members. We also run the $100,000 challenge to help members quickly get to that first extra $100,000 of income!

Given how many taxpayers are in trouble, the challenge is to make sure everyone knows you handle IRS matters. Nobody can refer you clients if they do not know you handle IRS Rep matters.

Getting Trained

If you are a former IRS Revenue Officer or trial attorney, and you know how to handle IRS matters, great, you can skip this.

If you are a tax practitioner who may have just dabbled in IRS Representation, knowing what to do is critical.

IRS Representation is not complicated. Trust me.

You want to make sure you have the training, skills and resources necessary to do the job like a pro from start to finish. If we want to bill like a specialist, we must act like a specialist.

At Tax Rep LLC we make you a specialist by providing the top Tax Rep training, and we have your back straight through the entire process!

With over 170 hours of on-demand training and over 60 hours every year of live training, we will turn you into the IRS Rep hero your clients and future clients need, and we support you every step of the way with our live help desk and unlimited consultations.

Get Up Each Morning and Repeat

Building a $1 million practice is not about being motivated.

Motivation comes and goes. What it does take to build your dream practice is discipline.

This is what separates the successful from the dreamers.

This is not complicated – nothing we do is. It just takes your desire to get there and the discipline to get up and execute the plan. If you do, your only limit will be the one you decide to impose on yourself.

21 Jul

The Top 6 Reasons why Tax Professionals Should Get Tax Representation Training

Practice Building

Given how much time I spend both practicing before the IRS and Department of Justice as well as teaching accountants and attorneys to represent taxpayers, I get asked a lot why an accountant or attorney should add Tax Representation to their existing practice.

The reason is simple: high demand, you get to charge higher prices, and no more tax season or ups and downs of the industry (unlike a practice area like bankruptcy or real estate, where demand waxes and wanes with the economy).

So here are my six reasons why every accountant and attorneys should seriously consider getting Tax Representation training:

The Demand

There are more than 25 million taxpayers in trouble with the IRS (more than 10 million non-filers identified and more than 15 million taxpayers with back balances owed to the IRS[1]). Plus do not forget about the state departments of revenue! The demand is huge, and it is not seasonal or tied to the economy. Taxpayers need help all year-round as IRS enforcement is year-round.

The IRS is also now properly funded and has announced that it will begin enforcement again by the end of the summer (August 2023). The tidal wave of work is coming for those of us who handle these matters!

Few Professionals Handle These Matters

Very few attorneys handle Tax Representation matters, and the same with CPAs and EAs. It is the kind of topic that they do not teach in formal accounting and law programs. To really get trained properly to represent taxpayers before the IRS and state departments of revenue, one needs to seek out training from professionals who have a large depth of knowledge in this area and get Tax Representation training, and possibly even certified in tax representation.

Charge More

When it comes to tax returns, or even a Chapter 7 bankruptcy, there is a lot of competition and potential clients can go to many different professionals to obtain the same service. That is not the case when it comes to Tax Representation. Very few accountants and attorneys have had any Tax Representation training, and so those of us that do this have little issue attracting clients. The biggest challenge in building a practice is making sure your network of friends, colleagues and current clients know you have been given Tax Representation training and can handle these matters. In fact, it is the number one reason why we see accountants getting certified in Tax Representation – to make sure their potential clients know they are certified and know how to handle these matters from start to finish!

It’s Not Difficult to Learn: Just Process & Formula

Taxpayer Representation is not a difficult area to master. In fact audits and IRS collection matters are very linear, meaning the process is a straight forward one. Once an accountant or attorney understands the process this entire practice area becomes simple and easy to understand.

The same goes for resolving back tax debts. The IRS enforcement process is simple and straight forward, and resolving these debts is based upon a formula called Reasonable Collection Potential or “RCP”. Inside Tax Rep we teach our members to handle these matters in a matter of hours with some of the most in-depth Tax Representation training.

You Will Win Clients for Life

“But after you resolve the client’s tax issue you never see them again.”

Wrong!

The same issues these taxpayers have, like lack of financial discipline, does not vanish the moment we fix their tax problems. Far from it! They often come back again and again. My former senior partner, after hearing me complain about a client that was back again after defaulting on their agreement and calling them “stupid” said “Eric we love stupid people. Stupid people are going to pay for your children’s college education and fund your retirement. Don’t think of them as stupid people. Think of them as walking annuities.”

Bob, my former senior partner had helped taxpayers several times, that I went on to inherit and help for the next ten years several times, for my staff now to be helping again and again.

The other thing is, if you happen to be a tax professional that does accounting and tax returns, you will have won a client for life after you solve their IRS or state tax issue.

You Will Attract More Clients

Most of our Tax Rep members report that after receiving Tax Representation training and launching their practice, they find more tax return and accounting clients comer to them. Why? Because the clients feel better knowing that if they do have an issue in the future, they know that the Tax Rep member can handle it.

Given the huge tidal wave of work that is coming as a now properly funded IRS begins taking the gloves off and enforcing again, there has been no better time to get Tax Representation training, get certified, and add this lucrative area to your existing practice or even launch a new practice!

[1] Almost 12 million in the current IRS Collection Division inventory and more than 3.2 million assigned to private debt collectors

15 Jun

Reasonable Compensation Horror Stories: The Tax Man Cometh

IRS Audit

When my office phone rings at 5:30 on a Friday afternoon, you know it’s probably bad. This particular call was no exception. On the other end of the line was Bob, a CPA I had known for years.

“Counselor,” he started, “I have a real problem.”

“Okay, Bob, what’s the problem?”

“The IRS audited a few of my S Corp clients and then expanded to a few more. They claim my clients should have been taking a reasonable salary.”

I agreed with that. “How much salary did the clients take?”

“Most took none, a few took a little. I have been harassing them for years to take a reasonable salary, but they don’t listen,” said Bob. “I don’t do their payroll or books, just the return when they send me their stuff. The auditor kept insisting that they have a written report for justifying their salary. Who does that?”

“What’s the bottom line?” I asked.

“They are penalizing me $1,000 per client for understatement of tax due to an unreasonable position under Internal Revenue Code 6694(a) and another $4,000 each for understatement of tax due to a willful or reckless conduct under 6694(b).”

“So $5,000 each. For how many clients?” I asked, wincing at the number.

“Thirteen.”

“So $65,000 in preparer penalties?” I confirmed, shocked.

“No, Eric. That’s just for 2009. They did the same for 2010. It’s $130,000 in penalties…” finished Bob, with a whimper.
“““““““““““““““““`
Ever since this conversation, I have been a proponent of securing the written report that supports the “reasonable compensation” that our clients decide to take from their company. Bob was charged with $130,000 of penalties despite not doing the clients’ books, running their payroll, or having anything to do with their financial decisions around compensation.

If you have never been in this position, congratulations, and because you are reading this, hopefully you never will be. However, practitioners charged with preparer penalties MUST challenge them. Failure to do so is considered an admission and leaves the practitioner open to having their ability to practice before the IRS stripped from them by the IRS’s Office of Professional Responsibility.

That’s a topic for another blog post.

To challenge the penalty, the tax professional must pay 15% and then file for a refund of the amount paid. So, in our case above, Bob ended up paying $9,750 for both 2009 and 2010. A total of $19,500 paid to the government just to challenge the issue!

My firm took a $15,000 retainer and filed a claim for refund in the Federal District Court. In our complaint with the United States District Court, we raised the following arguments:

The tax returns prepared for the Tax Preparation Clients were correct as filed based on the information provided by each client.
The IRS cannot require a tax preparer, such as Plaintiff, to create a “reasonable salary” for the shareholder-employee of a subchapter-S corporation after the close of the applicable tax year, as only the IRS can make such determinations.
It is the Commissioner of the IRS, not the tax professional preparing the return after-the-fact, who has the authority to treat other distributions as salary.

Despite reasonable arguments, the Department of Justice does not generally roll-over on these assessments, and they did not in Bob’s case. After months of going back and forth, all the while costing Bob legal fees, the Department of Justice agreed to drop its claims if Bob would surrender his claim to the 15%, or $19,500, he had paid in to start the refund action. Bob, who wanted this nightmare to end, chose to staunch the financial bleeding and settle according to their terms. Adding in his $15,000 in legal fees, this misadventure cost him $34,500, none of which he could recover.

Since this case, every corporate client with whom my firm is involved in an audit or challenge is required to obtain a reasonable compensation report (which we run from RCReports). Yes, we charge $750 for this, but its money well spent, as the IRS has yet to challenge any of them once they see the report and the information backing it up.

Does it cost some money to get the report? Sure, but as Bob found out, the expense of NOT getting the report can be much, much higher when the tax man cometh.

30 Apr

Tax Rep Network to Present The Practitioner’s Advisory Summit Free Virtual Conference June 14, 2023 Sponsored by Intuit

Advisory

Tax Representation Network (TRN) is excited to announce that it is presenting The Practitioner’s Advisory Summit Virtual Conference on June 14, 2023. The conference is co-hosted by Eric Green, attorney and founder of Tax Rep Network and Dawn Brolin, CPA, CFE, CEO of Powerful Accounting, LLC. The conference is exclusively sponsored by Intuit with an agenda that provides a practical roadmap for accountants, tax professionals, and bookkeepers to establish and create a successful advisory practice.

“Advisory services is a buzzword in the accounting profession, but for many practitioner’s being able to implement these types of services remains an elusive goal,” said Eric Green. “Attendees of the Summit will learn how to define and design advisory services that align with their goals and how to add these services to an existing practice or use them to launch an entirely new practice.”

The Summit agenda features key thought leaders discussing all aspects of advisory services including reviewing the current state of advisory services, discussing how practitioners can create a concrete plan to add advisory services to their practices, increasing fees, boosting revenue and improving quality of life while providing clients with in-demand business insights.

The Practitioner’s Advisory Summit Virtual Conference, June 14, 2023

The Summit’s agenda is as follows and will run on Eastern Standard Time:

10:30 a.m. – 11:00 a.m. Registration and Sign In

11:00 a.m. – 11:05 a.m. Welcome Remarks

11:05 a.m. – 12:15 a.m. What are “Tax Advisory” and “Business Advisory” services?

Moderator: Eric L. Green, Esq., Tax Rep Network

Panelists: Diana Crawford, Al-Nesha Jones, CPA, MBA, ASE Group

Dawn W. Brolin, CPA, CFE, MST, Powerful Accounting LLC

12:15 p.m. – 12:45 p.m. Worst Tax Season EVER: Maintaining Your Mental Health

Panelists: Dawn W. Brolin, CPA, CFE, MST, Powerful Accounting LLC

Randy Crabtree, CPA, Tri-Merit

12:45 p.m. – 1:30 p.m. Leveraging Technology: The Tech Tools to Use

Panelists: Dawn W. Brolin, CPA, CFE, MST, Powerful Accounting LLC

1:30 p.m. – 2:00 p.m. Lunch Break

2:00 p.m. – 2:45 p.m. Action Steps: Where to Begin

Panelists: Eric L. Green, Esq., Tax Rep Network

Dawn W. Brolin, CPA, CFE, MST, Powerful Accounting LLC

2:45 p.m. – 3:00 p.m. Break

3:00 p.m. – 3:45 p.m. Pricing: How to go from hourly/product billing to “relationship pricing”

Moderator: Dawn W. Brolin, CPA, CFE, MST, Powerful Accounting LLC

Panelists: Diana Crawford, Al-Nesha Jones, CPA, MBA, ASE Group

3:45 p.m. – 4:30 p.m. Converting Existing Clients and Attracting New Clients

Panelists: Eric L. Green, Esq., Tax Rep Network

Gaynor Meilke, MS, CBC, CTRC, Charisma Ink

More information and registration for The Practitioner’s Advisory Summit Virtual Conference can be found on the Tax Rep Network website and at DawnBrolin.com. Tax Rep Network and the Summit presenters thank Intuit for sponsoring the conference and supporting the advancement of advisory education in the accounting profession.

About Tax Representation Network

Led by Tax Rep Network Founder and attorney Eric L. Green, the Tax Rep Network online and in-person community serves over 500,000 tax, accounting, and legal professionals each year. The mission of TRN is to help tax, accounting, and legal professionals master, market, and monetize their tax rep practice through educational resources and memberships including TRN’s podcast, newsletter, webinars, social media content, publications and live events.

08 Mar

Tax Rep Founder Eric Green interviewed about the new Connecticut Bill to Make Tax Preparer’s Liable

State Tax

If you were not aware, the State of Connecticut has a senator that proposed a bill that would make tax preparers strictly liable for any mistake they make by having the preparer bare the cost of amending the tax return, and make them liable for the tax, interest amd penalty. It is Proposed Senate Bill 814.

There are of course issues with this, in particulare the issue of the tax and interest. Currently, the courts will hold a preparer responsible for the damages they cause, meaning the cost of amending the return and the penalties incurred by the taxpayer. The tax and the interest belongs to the taxpayer, who after all had use of their money.

Many outlets reached out to Attorney Green for his comments, which can be watched here.

08 Mar

Build Your $Million Dollar Tax Rep Practice TODAY

Practice Building

Set your goal, break down the steps, and execute the plan. The only limits on your practice are the ones you impose!

Say Goodbye to the Tax Season Grind and learn how to build the profit-rich practice of your dreams!

The demand for tax representation services is greater and more lucrative than ever. Thanks to increased funding by Congress, increased taxpayer scrutiny by the IRS and the need for more professionals specializing in tax representation, leveraging these services into a million-dollar practice is not difficult or complicated.

How to Build a Million-Dollar Tax Representation Practice will show you how through Eric’s describing his own journey as well as the eight steps you need to take to get there. Its nothing complicated or crazy, but you must bring your discipline to the party……..

Grab your copy, and start your journey to the practice you always wanted. Available at TG Publishing!

22 Dec

Eric L. Green, Founder of Tax Rep Network, Receives CPA Academy Top Presenter Award

News

Tax Rep Network is pleased to announce that Eric L. Green, a partner in Green and Sklarz, LLC a Connecticut-based law firm and founder of Tax Rep Network, has received CPA Academy’s 2022 Top Presenter Award.

“Providing high quality education and training on tax representation and other areas of practice management to the accounting profession is central to the mission of Tax Rep Network,” said Green. “CPA Academy shares our vision of ensuring that all bookkeeping, tax, and accounting professionals have access to comprehensive continuing education to help them advance their firms and create more value for their clients.”

Green’s CPA Academy training sessions provide tax and accounting professionals with technical and practical guidance to grow their revenue with tax representation services. His current CPA Academy course offering can be found at CPAacademy.org.

In addition, The Tax Rep Network offers expert training in this area including an extensive library on-demand webinar recording, podcasts, and other digital resources as well as printed guidebooks covering a wide variety of tax resolution topics to support professionals handling IRS-related issues for their clients.

18 Oct

Press Release: RN and TRN Partnership

Press Release

FOR IMMEDIATE RELEASE

Industry leaders partner to give accounting firms and small businesses an inside track on working with the IRS

Right Networks and Tax Rep Network partnership will kick off with a live event featuring IRS leadership sharing tips on how to comply with the IRS Security Six

Hudson, NH. (October 19, 2022)—Right Networks, a vertical cloud service provider, and Tax Rep Network (TRN), the premier tax representation education and training resource for tax and accounting professionals, are partnering to deliver an expansive array of educational tools and new growth opportunities for Right Networks customers. In addition to hosted sessions with the IRS, the partnership will enable accounting firms to explore adding new revenue streams to their practices with tax resolution services.

“Partnering with TRN is a part of our ongoing commitment to deliver the tools and resources needed to help simplify the complexities that come with the business of accounting,” said David Penny, Vice President of Partner Solutions at Right Networks. “We are excited to leverage the years of expertise Tax Rep Network can offer our accounting firm customers in opening new revenue streams and helping small businesses work with the IRS. Additionally, with TRN’s access to the IRS and our security offerings, firms will have a turnkey solution for complying with the IRS Security Six.”

The partnership kicks off with a series of free virtual events that will help firms improve their understanding of IRS regulations and deliver better services to their clients as well as sessions that will help firms and small business owners work with the IRS. All events qualify for CPE Credits.

“Offering tax representation services is a key strategic opportunity for accounting firms to grow their revenue,” said Eric Green, a partner in Green and Sklarz, LLC a Connecticut-based law firm and founder of Tax Rep Network. “Learning about critical security and tax compliance issues directly from IRS officials is an invaluable way to gain insights into effectively and efficiently helping clients facing tax issues.”

Straight Talk on Security Six, Securing Your Firm and Your Client’s Tax Data

October 25, 2022, 1 pm – 2pm EST

Take all possible precautions to secure your firm, protect your client’s data, and stay in compliance with IRS guidelines and regulations. Hear directly from IRS executives about what the implementation of the “Security Six” recommendations should really look like in your firm and learn about the cornerstones of creating a plan to satisfy the FTC’s Safeguard Rule for PTIN holders.

Moderated by: Eric Green, Founder of Tax Rep Network

Guest speakers:

Joe McCarthy, Senior Stakeholder Liaison, IRS
Roman Kepczyk, CPA, Director of Firm Technology Strategy, Right Networks
Darren Root, Chief Strategist, Right Networks

IRS Update on Top Enforcement Priorities and the List of Action Items for Your Small Business and Self-Employed Clients

November 8, 2022, 1pm – 2pm EST

Attend this webinar to hear about what the IRS is doing right now in terms of staffing and improving the taxpayer experience in dealing with the service, along with enforcement priorities. There will also be a discussion of the top issues for small businesses. This session will review:

The impact of the Inflation Reduction Act on small businesses
The top small business tax traps and the steps professionals should help their clients take to avoid them
What the increased IRS budget means to business owners and individual taxpayers
How the IRS is deploying artificial intelligence and other technologies to hold taxpayers accountable for their true tax obligations

Moderated by: Eric Green, Founder of Tax Rep Network

Guest speakers:

Gene Marks, CPA, Small Business Advisor for Right Networks
Nikki C. Johnson, Executive Director, Headquarters Collection at Internal Revenue Service

Working with a Resource-Challenged IRS

December 16, 2022,1pm – 2pm EST

The challenges of working with the IRS persist and have now drawn the attention of Congress, which has responded with the largest increase in funding for the IRS ever. Guest speakers will review what the new funding means, what issues in dealing with the IRS are likely to persist and what to do about them. The topics covered will include:

Tax returns filed on paper that have not yet been processed
Calling the IRS
Resolving disputes over the child tax credit and reconciliation with the Advance CTC.
Payoff letters and certificates of release for federal tax liens
Responses to Form 4810, Request for Prompt Assessment Under IR Code Section 6501(d)
Freedom of Information Act Request responses
What the new funding actually means, and no it’s not 87,000 new auditors

Moderated by: Eric Green, Founder of Tax Rep Network

Guest speakers:

Gene Marks, CPA, small business advisor for Right Networks
Nina Olson, former National Taxpayer Advocate

About Right Networks

Right Networks, a vertical cloud service provider, offers the only intelligent cloud purpose-built for accounting firms and professionals. In addition to managed IT solutions, the company provides deep expertise and guidance to make managing a modern, thriving and secure business easier. More than 8,500 accounting firms and 60,000 small to medium-sized businesses count on Right Networks to run their business every day.

About Tax Rep Network

Tax Rep Network (TRN) provides the training, tools, and technology enrolled agents, accountants, tax professionals, and attorneys need to master, market, and monetize their multi-million-dollar tax representation opportunities while empowering taxpayers to productively resolve any issues with the IRS. Led by Tax Rep Network founder, author, and attorney, Eric L. Green, the TRN online and in-person community serves over 50,000 tax, accounting, and legal professionals each year.

Contacts:

Allison Huffman

ahuffman@rightnetworks.com

(603) 554.0008

Ron Magas

rmagas426@gmail.com

Gaynor Meilke

gaynor@charismaink.com

(517) 918.9353

08 Jun

IRS Enforcement June 2022: Trust Funds, Crypto, and Foreign Assets

TRN Podcast

In this week’s episode of the TRN Podcast, I review the latest enforcement update, which comes straight from the IRS SB/SE Commissioner. Specifically, I discuss how the service will focus on where the unpaid payroll taxes went, as well as the undeclared assets in collection cases around crypto-currency and foreign assets.

If you’re in the tax industry, and I suspect you are since you’ve landed on this page, you’re definitely going to want to tune in to this special episode. As previously mentioned, other topics discussed throughout include trust funds, crypto, and foreign assets.

Recently, there have been many changes applied to the industry. It’s necessary to not only be aware of these changes, but understand what they mean and how they could possibly affect your business. That is my ultimate goal: to supply you with all the necessary information to run your tax business most effectively.

Episode 125 of the TRN Podcast is available now!

Additionally, here are a few important reminders to note:

The 6^th Annual Criminal Tax Conference is scheduled for 6/10. You can conveniently catch it live, in-person, or via live webcast.

https://irsrepconference.com/criminal-tax-day-2022/

Don’t forget to join us on 6/14 to learn how to resolve tax liens and tax levies—and, most importantly, make money while doing so! I guarantee you don’t want to miss this exclusive opportunity.

https://taxrepllc.com/program-20220614-liens-levies/

TRN Blog: Industry News and Updates

Benefits of the TRN Certified Tax Resolution Consultant Program

The 8 Steps to Building a Million Dollar Tax Rep Practice

The Top 6 Reasons why Tax Professionals Should Get Tax Representation Training

Reasonable Compensation Horror Stories: The Tax Man Cometh

Tax Rep Network to Present The Practitioner’s Advisory Summit Free Virtual Conference June 14, 2023 Sponsored by Intuit

Tax Rep Founder Eric Green interviewed about the new Connecticut Bill to Make Tax Preparer’s Liable

Build Your $Million Dollar Tax Rep Practice TODAY

Eric L. Green, Founder of Tax Rep Network, Receives CPA Academy Top Presenter Award

Press Release: RN and TRN Partnership

IRS Enforcement June 2022: Trust Funds, Crypto, and Foreign Assets

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