Under IRS Commissioner Rettig the IRS is ramping up enforcement, including new compliance sweeps in underserved areas, aggressively attacking the collection division inventory, now standing at almost 15 million taxpayers, as well as the 7 million non-filers that the IRS has already identified. And with the COVIDA-19 pandemic now sweeping the country and killing businesses, the IRS is expecting a huge increase in taxpayers to stop filing and paying their taxes.
This program will review the various options for helping taxpayers who need to get back into the tax system. Non-Filers represent an opportunity for you to both help taxpayers, help the system, and make money. Our Tax Rep members reported that the average fees earned in a non-filer case were just under $18,000! Back tax returns, bookkeeping, and then the resolving the issue all really add up. In this special presentation Attorney Eric Green will review the various issues that arise with non-filers, strategies to help resolve the Issues, and how to bill these clients so you get paid and they clean up their issues.
Learning Objectives:
- Understand the process for bringing non-filers back into the tax season
- Identify opportunities to resolve the client’s outstanding balance
- Explain the strategies for setting up the client to best resolve their federal and state tax issues
