Tax resolution marketing lessons from the 2020 Trump & Biden presidential campaigns

Online Lead Follow Up

When you generate a new lead on your website, what do they receive, and how quickly do they receive it?

As you may recall from last week, I made equal, token donations ($5) to both of the main presidential election campaigns, in order to study their marketing processes.

As I eagerly awaited that first email from both campaigns, the day started to grow long. After several hours, I checked my spam folder, but alas, nothing was there.

More hours passed. I was hoping to include some commentary in last Friday’s email about marketing messaging in those initial follow ups from the campaigns, but eventually I had to hit “send” and go on with my day.

Even well into the evening, I kept checking my throwaway email account, expecting something. But, nay. Nada. Zilch. Nanimonai.

Neither campaign could possibly know that I was just doing it for marketing research. Could they? Was my name on some database that they check against to determine whom to email? For all they know, I could be a future million-dollar donor.

The emails finally did come. One campaign sent it at 6am Saturday morning, the other at 8am.

Wow. A full 24 hour delay. Fascinating.

Perhaps there is some secret psychology that I don’t know about. It certainly is possible. But in my 20+ years of marketing online, there have always been a tiny number of fundamental principles, one of which is: Follow up immediately with every lead.

The entire point of the information superhighway is to make information more readily accessible. Speed of information delivery is what the Internet does best — that’s why it was built. People searching the web want immediate access to whatever it is they’re looking for. Technology has exacerbated the human desire for instant gratification. I want my dopamine, and I want it now!

This was a huge engagement failure on the part of both presidential campaigns, and I hope that you’re not making the same mistake on your website.

I have a tax resolution boot camp to teach this morning, so I need to make this short. So I’ll leave you with three rules for your online lead generation:

1). Thou shalt have lead capture on your website.
2). Thou shalt offer a “widget” to entice lead signup.
3). Thou shalt deliver said  “widget” and a marketing offer in an immediate automated reply email.

Blunt Continue reading

Podcast Episode #13: IRS SB/SE Enforcement Priorities with Eric Hylton and Darren Guillot

Eric Hylton, Commissioner of the Small Business/Self-Employed (SB/SE) Division of the Internal Revenue Services, and Darren Guillot, Deputy Commissioner for SB/SE Collection and Operations Support, join us to discuss IRS enforcement priorities, the resumption of Collection and Examination activities, and other important information that tax professionals need to know as the IRS works with taxpayers and other stakeholders in the midst of the COVID-19 pandemic.

To learn more about SB/SE, visit the IRS web page for SB/SE.

Additional reference items mentioned in the episode:
2020 SB/SE Focus Guide
2019 SB/SE Annual Report
IRM Interim Guidance on Installment Agreements and Collection Information Statements

For more ideas to help you build a more profitable tax or accounting practice, be sure to check out our newsletter at http://profitableaccountant.com/newsletter/.… Continue reading

Client Intake: What to do & when after a new Collection representation client hires you

Step 1:  Marketing
Step 2:  ?
Step 3: Profit!

See, it’s sooo easy to build a profitable tax firm!

Of course, the devil is in the details.

For IRS Collection cases, there are a bunch of steps that need to be taken after a client hires you. The bulk of the work you do for the client is “front loaded” in the first two weeks. The generic progression of a tax resolution case looks like this:

1. Tax module research
2. Client financial analysis
3. Determine resolution options
4. Negotiate with the IRS
5. Go to Appeals (if necessary)
6. Seek penalty abatement (if applicable)
7. Withdraw or offer POA Monitoring

Those first three steps — that’s the bulk of the two weeks I just mentioned. But even those three steps can themselves be broken down into dozens of additional steps.

Collectively, I label this early part of a Collection engagement as the “Client Intake” phase. It includes everything from filing your 2848 with the CAF unit to verifying client contact info in your CRM system to making sure you get paid to requesting a Collection hold from the Service to requesting a Form 9297 from the Revenue Officer — and much, much more.

If you’re interested in getting into the weeds on these nitty-gritty details of client intake and early resolution steps, you’re invited to join me this coming Friday for a 2-hour CE/CPE webinar on this topic. When you attend, you’ll receive copies of my actual checklists for getting this all done and making sure I never missed an important step.

This class is CTR-104 in our ongoing CTR™ curriculum. Tax Resolution Academy® members can register for this class from the “Events” calendar inside the online community. But if you’re not an Academy member, you can still attend this individual class. Go here to register:

https://attendee.gotowebinar.com/register/5538215188952001805

Here’s to efficiency via checklists,
~Jassen Bowman, EA, CTR™… Continue reading