The Lucrative World of IRS Collections Representation
Are you a licensed tax professional looking to elevate your practice and transform your financial future? Look no further! The world of IRS Collections Representation is calling, and it’s time to answer. Let’s dive into the goldmine of opportunities waiting for you, backed by hard data and real-world success stories.
The Numbers Don’t Lie: A Sea of Opportunity
The latest IRS Data Book paints a picture of immense potential. As of the end of fiscal year 2023, there were over 11.3 million taxpayer delinquent accounts, with a staggering $158 million in assessed taxes, penalties, and interest. That’s not just a statistic; that’s a clarion call for professionals like you to step up and make a difference!
But wait, there’s more!
Add to that 2 million cases of delinquent return investigations, and you’re looking at a vast ocean of clients who desperately need your expertise.
The Math of Success: Your Ticket to Financial Freedom
Let’s break it down:
- Average case value: $4,000 to $5,000 (a low of $2-3k or as high as 6 figure fees to you, depending on the case)
- Time investment: 7-8 hours per case (some as low as 2-3 hours or 10-20 hours, but can be more depending on the case)
- Potential hourly rate: $500+ (but please note, we do NOT bill by the hour)
Imagine adding just one case a month to your practice. That’s an extra $48,000 a year, minimum! But why stop there? With the right systems and support, you could be looking at hundreds of thousands, if not millions, in additional revenue.
Beyond the Numbers: The Joy of Making a Difference
This isn’t just about money. It’s about transformation – yours and your clients’. By stepping into IRS Collections Representation, you’re not just changing your financial trajectory; you’re becoming a lifeline for people drowning in tax debt.
Picture this: A client comes to you, stressed and overwhelmed. You guide them through the process, perhaps securing an installment agreement or even an offer in compromise. Suddenly, they can breathe again. That’s not just a service; that’s life-changing impact.
The Time is Now: Seize Your Destiny
The market is ripe. With only about 50,000 tax professionals handling these cases, there’s more than enough work to go around. In fact, the current caseload far exceeds what any individual can handle alone.
But here’s the kicker: As more professionals enter this field, the … Continue reading