Subscribe: How to Determine When You Need Professional Tax Help to Resolve Your IRS Problems
Taxpayers may always represent themselves before the IRS. However, many taxpayers find dealing with the IRS frustrating, time-consuming, intimidating or all of the above. The one advantage of taxpayers representing themselves is that they will save professional fees. And for most taxpayers this is no small matter. However the amount of fees saved may be dwarfed by the actual tax settlement. In this case, the taxpayer must look at the total financial picture to determine how much money they may be leaving on the table if they do not have expert representation. In this case, the age old adage, “Penny wise and pound foolish” should be top of mind. There are many disadvantages of a taxpayer representing themselves.First of all, the taxpayer does not have the professional’s expertise and will not know the tax relief options available or how to get the lowest settlement allowed by law. For instance, if …
