- If you have little or no experience with IRS Collections and Examination representation, now is a good time to start filling in your skills gap with appropriate CPE. Don’t wait until a representation case lands in your lap, start skilling up now to avoid the mad dash later. If you’re already an experienced representation practitioner, it’s time to get up to speed on any recent changes in IRS policy and procedure on this front.
- On the marketing side of the house, start lining up your late spring/early summer public speaking opportunities now at appropriate organizations where people with tax debts are disproportionately present. Delivering Tax Talks to such orgs is, hands down, one of the best ways to get representation clients.
- Revisit professional referral partners. During filing season, it’s easy to ignore joint venture and referral partners. Don’t wait until the end of filing season to let other tax professionals, attorneys, financial planners, mortgage loan officers, and the like to know that you are available, ready, and willing to help their clients with tax debt or audit issues.
Happy Thanksgiving! I hope you had a great day with your family!
It is late when I am sending this email. I wanted to send you this quick note.
By the time you are reading this, it is the Friday after Thanksgiving. Most of you know it as Black Friday. The day that brings most retailers from being the red financially into the black. Again, most of you know that as a profit.
Well, we did not want you to not see a Black Friday deal from us.
Many of you are always looking for some way to make more money in your practice without trying to find a new client. There aren’t many ways to do this, but I have one (well actually two) for you.
1) Sell an Audit Protection service to your existing tax prep clients. This is where they pay you in advance some amount (from $29 – $249 (or more)) each year. This fee covers the risk that they either get a notice or selected for an audit by the IRS (also works for the many of you with state income taxes). They bet that they will get a notice or selected for audit. You bet they don’t. If you sell this for $50 per client for a clients, that is $5,000. 500 clients? That is $25k extra in your practice for this year. I bet that would help pay some bills, wouldn’t it?
2) Sell IRS Account Monitoring service. You sell this to your tax resolution cases (you could also offer this to your tax prep clients). This is where you pull their IRS transcripts quarterly and send them a report that your ES payments are made, your Installment Agreement payments are posted, and your tax return hit the transcripts, so your OIC is still good. This can be sold for $250-1,000 (or more) per year.
Yes, is this easy to do and create. Sure! But will you do it on your own. Well, why recreate the wheel when you don’t have to?
We have a toolkit to help you do just that. It is called…
Normally we sell this for $495. Well, starting now, you can have it for 50% off. But please know this expires at midnight (EST) on 11/30/21. This is a very limited time offer and may not be offered at this price again.
To purchase this … Continue reading