Ten Questions To Ask A Tax Agent

Author: Fresh Start Tax Relief Services | | Categories: Installment Agreement , Penalty Abatement , Tax Relief

 Blog by Fresh Start Tax Relief Services

When it comes to taxes, there is a lot to know and understand, which can be difficult for the average person to wrap their head around. This is where a tax agent can help. Tax agents are professionals who are experts in tax law. They can help you navigate the tax system and understand your tax obligations.

However, when choosing a tax agent, it is imperative to select someone reputable and experienced. You will need to ask them a few questions to get a sense of their knowledge and expertise.

To make the whole process easier for you, we’ve outlined ten valuable questions to ask a potential tax agent. Keep reading to know.

1. What are the steps you will be taking to help me?

A tax professional can help you determine which deductions and credits you are eligible for and ensure you take advantage of them. They can also help you file your return electronically and ensure you get the maximum refund possible.

2. You said that I would settle my debt. What exactly does that mean?

When you settle your debt, it means that you have paid your creditors an amount that is less than what you originally owed them. This can happen for various reasons, but usually, it is because the creditor is willing to accept a lower amount to avoid having to go through the time and expense of taking you to court.

3. If I qualify for an offer in compromise, why do I qualify, and why would others not qualify?

The answer to this question will vary depending on your tax situation.

An offer in compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liability for less than the full amount owed. There are several reasons why a taxpayer may qualify for an offer in compromise, such as being unable to pay the full amount owed or having doubts about the amount owed. Others may not qualify because they need to meet the eligibility requirements or because they do not have a legitimate reason for not being able to pay the full amount owed.

4. What kind of installment agreement will you be putting me on?

There are several types of installment agreements that a tax professional may put you on, depending on your individual circumstances. The most common type of installment agreement is a regular installment agreement, which allows you to make monthly payments over a period of time until your tax debt is paid in full.

Other types of installment agreements include partial payment installment agreements and streamlined installment agreements.

5. Can you get rid of the interest accumulated on my tax debt?

There is no one-size-fits-all answer to this question, as a tax professional must review your situation to provide an accurate answer. However, in general, it may be possible to negotiate with the IRS to have some or all of the interest waived, depending on your financial circumstances.

6. How long have you been doing this?

A tax professional can provide you with insights into the tax code and how it may impact your particular tax situation. They can also help you understand the filing process and what you can expect. Asking how long the tax professional has been doing this can give you an idea of their experience and whether they are up-to-date on the latest tax law changes.

7. How long will it take to resolve my case?

There is no definite answer to this question, as it depends on the circumstances of each case. However, a tax professional will be able to estimate how long it will take to resolve your case.

8. If I win the lotto or a big pot at the casino, will that change the outcome of my case?

Every tax situation is unique, so ask a tax professional to help you understand how winning the lottery or a big casino jackpot may impact your case.

9. If a loved one passes away and I end up inheriting money and/or property, will that change the outcome of my case?

It depends on various factors, including the specific circumstances of your case and the laws in your jurisdiction. You should speak to a tax professional to better understand how this could affect your case.

10. If my income changes, how will that affect my tax case?

If your income changes, it may affect the amount of taxes you owe and the amount of your refund.

Want to get started with tax agents in Pasadena who care about you and your tax issues? Then say hi to us at Fresh Start Tax Relief Services. When you talk to us, we listen to your problem and its surrounding issues. Most companies just want to cut to the chase and give you a solution without hearing your story. We are humans, which means our stories can be very different, and the solutions may be different. Our honesty is our most important value.

We offer services like settling your tax debt, tax settlement process, and tax relief to clients across Los Angeles County, Pasadena, Altadena, Montebello, etc. Not only do we service every single county in California, but we service taxpayers nationwide.

Get in touch with us today!

To learn more about the services we offer, please click here. To get in touch with us, please click here or call us at 
(800) 250-8884 or email us at help@freshstarttaxreliefservices.com.