The IRS gives you the right to authorize an individual to represent you before them. Certified tax professionals are well versed with the federal tax code and understand the nuances of the power of attorney form.
Imagine a situation where your finances and livelihood are unknown. Instead of seeking help from someone who has gotten someone out of a similar rut, you choose to go out and take on an unknown entity with no backing, simply because you didn’t want to spend a little extra. Instead of saving a major amount and spending a minor one, you’re saving a minor amount and losing a major one.
This is what happens when you choose to take on the IRS for tax liabilities without any professional help. Tax professionals experience years of training and require a great deal of experience to be called ‘experts.’
The power of attorney form gives you the ability to appoint a certified tax professional to represent you before the IRS, and take care of all proceedings while causing you the least amount of headache. The form also reminds the agent that they are supposed to act in the best interests of the beneficiary. This isn’t to say that all tax consultants are the same. Take extra care to choose the right one.
The IRS allows many people to represent you before the IRS, including friends and family members, but in a situation where your finances hang in the balance, you must make the right decision and allow an experienced individual people to represent you.
The 3 types of professionals who are qualified to represent you before the IRS are:
- U.S. Department of the Treasury certified Enrolled Agents
- Certified Public Accountants
A certified tax professional with years of experience dealing with the IRS will work to gain you tax relief. You will have to sign and send in Form 2848, which officially designates them as your tax representative, and he or she will have access to your financial documents, information, and background.
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