Tax Rep Network with Eric Green

In this episode Eric explains why taxpayers who claim Unreimbursed Employee Expenses” on their tax returns are asking for an audit, and why the IRS considers this such a hot-button issue.  Eric will also explain how the IRS can use these to make a tax preparer case against the practitioner who did the returns, and cases he has seen.

Seeking relief from joint liability by requesting innocent spouse relief is nothing new.  However, many practitioners breeze over the financial analysis aspect of the Form 8857 when requesting innocent spouse relief.  Why?  This critical piece can be the difference between being relieved of tens or even hundreds of thousands of dollars of debt or not.  Practitioners (at least t...

When a business fails, and payroll taxes go unpaid, the IRS seeks to determine who was responsible.  The vehicle for their interview is the Form 4180.  In this episode of Tax Rep Network Eric Green explains why the form is defective and why practitioners should not allow their client’s to be interviewed.  So, what do you do when the request comes in for the interview?  Listen i...

In this episode Eric discusses the aspects of the new Tax Act of 2017 and how it will impact taxpayer’s ability to do charitable giving and receive a deduction.

When working to resolve a back-tax debt financial forms, called Collection Information Statements, are necessary to provide the IRS with information.  These Forms vary and are used for different purposes.  In this episode Eric explains which of the forms you need when resolving a tax debt, why you need them and in what circumstance do you need both.

The goal for all professionals is to provide a perfect product, but being human, mistakes sometimes get made. In this episode Eric walks through what happens when mistakes do happen and how to handle them like a pro, take ownership and fix the problem, and actual stories of what happens when other “professionals” don’t act so professional.

The client’s case gets resolved and off they go, yet the IRS keeps mailing you notices. Reminders of balances due, annual updates, they took the refund, etc. Or worse, the client decides they don’t feel like paying you and simply stops paying. How do you get rid of this dead-beat? Join Eric Green in this episode so he can explain exactly what you need to do to pull the Power-of-Attorney and stop t...

In this episode Eric explains what it means to be “all in” and why it is so important for you and your practice.

When taxpayers borrow money from family, there is a critical mistake made that could come back to haunt both the taxpayer and the family member that loaned the money. In this Episode Eric explains the issue and why every parent who lends their child money for their business should consider filing a lien to protect their loan and their child!

How do you make money at tax resolution? You charge for your services and expertise, of course. But how much, and in what way? In this Episode Eric explains the various services you should be providing to your clients and how exactly to charge for your services.

In this episode Eric explains what to do when the IRS sends the Notice of Deficiency, also known as the “90-day letter”. Whether because the client failed to respond and now shows up with the letter in-hand, or the IRS issued the letter too early, the taxpayer now has an issue that needs to be handled. The case is not lost, nor is it necessary to get a lawyer. You simply need to know what to do to...

It is amazing how often client’s take the “ostrich” approach to their tax problems: ignoring it and until it hopefully goes away. Generally, the tax issue does not vanish on its own. Eric explains in this episode why it is so important to open and read the letters from the IRS, what they mean, and how to respond properly to give yourself the best opportunity to resolve the matter without enforceme...

So, what do you do when the client has no documents? Fear not, Eric explains in this Episode what to do to support the numbers on the returns, and the process of forensically recreating the support needed to satisfy the IRS.

In this episode Eric explains the ins-and-outs of dealing with an IRS Notice of Federal Tax Lien, including withdrawal, discharge and subordination.

It is routine that the IRS examiners request not just copies of reports from Quickbooks, but the actual Quickbooks file. Does the client have to turn the file over, and why is the IRS so intent to obtaining the electronic back-up? In this episode Eric explains what the IRS can and cannot get, and how to deal with the issue of the Quickbooks file.

The IRS is a huge organization, and it has the same cast of characters that every large organization has in its ranks. Some employees are honest and hardworking, while others are difficult and irascible. Sometimes the examiner is simply bat-shit crazy. In this episode Eric discusses how to deal with an irrational IRS examiner.

In this Episode Eric walks through the five reasons he sees Offers-in-Compromise not being accepted, and explains what practitioners need to be doing to make sure their client’s Offer has the best chance of success.

Most taxpayers (and practitioners) fear the IRS, yet the State Departments of Revenue can be much worse and trying to deal with. In this episode Eric explains why non-filers who are trying to get compliant want to consider filing the state tax returns first, and the advantages to doing so when it comes to resolving the outstanding tax debts.

Think the taxpayer should always file joint to save taxes? Think again. Eric explains in this week’s episode why the filing of a joint tax return in certain circumstances may be a critical error and cost the taxpayer significant money and heart-ache.

Follow Eric Green as he takes you through Liens and why there are so many "urban myths" surrounding them.

Learn how Eric uses blogging to continuously grow his business.