Tax Professionals broadly means anyone engaged in tax work as a profession. This could be tax advisors, tax preparers, accountants, etc. When we’re talking about tax resolution however, it means someone that has a credential that authorizes them to practice before the IRS.
There are only 3 credentials that the IRS recognizes for unlimited practice rights:
Practice before the IRS is when a Tax Professional is Authorized by a Taxpayer with a Power of Attorney. This authorization allows us to stand in and represent you at all levels of the IRS. Engaging a Tax Resolution company as your representative means you’ll have an Enrolled Agent to argue facts and application of law, advocate, and negotiate.
Many people misunderstand representation, thinking that it is simply passive advising. Where the TaxPro stands over your shoulder and guides you through the process…this couldn’t be more wrong. At Costello Tax Resolution, our representation is active–we stand between the taxpayer and the IRS communicating directly with IRS personnel and working to resolve the tax issues.
“Tax Issues” broadly includes any problem a Taxpayer has with the IRS. The specific issue that is most encountered in Tax Resolution is owing a balance to the IRS. Other issues include: Separation of Liability, Injured/Innocent Spouse Relief, Equitable Relief, Penalty Abatement, Identity Theft, Estimated assessments, and duplicate assessments.
To put it bluntly? Locally. Sitting down in person with a local Tax Resolution Professional is the best way to find a trusted company. Large National “Tax Relief” companies tend to over promise and under deliver. As an Enrolled Agent, I have represented multiple taxpayers who hired a National Company then came to Costello Tax Resolution after their issues remained unsolved, in some cases for over a year!
“You have done more in the past 3 months than the other company did in 2 years”
– Victor G.
Additionally, these “tax relief” companies are typically based in Colorado and California. For Taxpayers in Columbus, Ohio, or the Midwest for that matter, this means the Ohio-based IRS offices will always be fighting a large time zone difference just to contact your representative. All in all, the best way to find a trusted Tax Resolution Company is a local, experienced, company specializing in Tax Resolution.
This is why Costello Tax Resolution exists. After 15 years working as an IRS Revenue Officer, Justin Costello recognized the need for an experienced IRS resolution expert serving Ohio. Very few Tax Professionals have the experience to properly navigate the IRS collection process. Even fewer are local to Ohio.
What if you haven’t filed your taxes for years and feel like nothing has happened yet? Maybe you received a notice that you owe a balance and you just ignore it and hope it goes away eventually? The IRS can file a substitute tax return on your behalf for those missing years and pursue collection of that balance. The balance from the notice you’re ignoring is still accruing interest compounded daily and the IRS charges interest on both the amount of unpaid tax and the amount of any penalties.
Not only do interest and penalties add up very quickly, but continuing to ignore IRS notices can result in a levy to seize your property or garnishments on your wages to pay for your tax bill. Additionally, as part of the FAST Act the IRS is required to certify “seriously delinquent tax debts” to the State Department. When this happens the State Department will not issue or renew your passport, and in extreme cases they can even revoke your passport.
Long story short, the way to ensure the best long term outcomes and avoid the negative effects of IRS Enforced Collections is to resolve your tax issues as soon as possible.
When you owe the IRS, you should not have to live in fear. I leverage my experience as a former IRS Revenue Officer to protect you from IRS enforcement and settle your tax debt permanently.
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