Ep 12, S 2 - Is there enough work for licensed tax pros to take on IRS Collections cases? Heck Yeah!

Oct 3, 2024

In this episode, we dive into the opportunities available for licensed tax professionals in handling IRS collections cases. Using data from the IRS Data Book, we explore the prevalence of taxpayer delinquent accounts, offers in compromise, and installment agreements.

 

The host discusses the potential earnings for tax professionals, emphasizing the benefits of transitioning to a representation-focused firm or simply add IRS Collections representation to your tax practice for additional revenue.

 

Additionally, the episode introduces you to their sponsor the Tax Resolution Academy® as a resource for learning how to manage these cases effectively, ensuring an abundance of work for motivated professionals.

 

00:00 Introduction and Common Question

00:15 IRS Data Book Overview

01:16 Taxpayer Delinquent Accounts

03:05 Handling Delinquent Returns

05:01 Earnings Potential for Tax Professionals

06:15 Offers in Compromise and Collection Data

08:23 Installment Agreements and Revenue Opportunities

10:17 Conclusion and Further Resources