Eric Green, Author at CPA Trendlines

Why Chaos at the IRS Spells New Work for Tax Professionals

The three key IRS tools every pro must learn today.

By Eric L. Green, LLM

Between all of the back-and-forth between DOGE and the IRS, not to mention travel and credit line reductions, it raises questions about what exactly the fate of the IRS will be.

MORE: The IRS Tidal Wave Is Here | S Corp Clients Beware | Four Ways to Handle Federal Tax Liens | The IRS Is Coming! Get Your Clients into Compliance | Tax Chat: Eric Green Reveals The Tax Rep Guide to Tax Season | What I Wish Clients Knew about Tax Liens | Tax: Explaining the Bad News about Canceled Debt to Clients | Offers in Compromise Aren’t for Everyone
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In fact, the latest announcement is to cut the IRS by 50 percent by the end of 2025. So, if you are wondering just what the heck the game plan is, you are not alone. After speaking with close colleagues inside the IRS, I can say it is basically chaos at the moment.

MARKETING & SALES

The IRS Tidal Wave Is Here

What you need to know now.

By Eric Green

For over a year now, we’ve been saying that the IRS was properly funded and warned it would unleash a tidal wave of work. We also warned you that we would be dealing with all sorts of untrained employees. The bad news, at least for clients, is that day has come.

MORE: S Corp Clients Beware | Four Ways to Handle Federal Tax Liens | The IRS Is Coming! Get Your Clients into Compliance | Tax Chat: Eric Green Reveals The Tax Rep Guide to Tax Season | What I Wish Clients Knew about Tax Liens | Tax: Explaining the Bad News about Canceled Debt to Clients | Offers in Compromise Aren’t for Everyone
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The good news for tax pros is that with this wave of enforcement spells opportunities for representation work. What you do still have to navigate is the impact of untrained employees, who are creating their own set of challenges.
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AUDIT & ASSURANCE

S Corp Clients Beware

“Reasonable comp” audits are coming.

By Eric Green
Tax Rep Network

“The IRS never audits reasonable comp, so don’t worry about it.”

Have you ever heard this phrase? Well, when it comes to IRS priorities and increasing enforcement, S corporations and their owners will find themselves in the crosshairs of the IRS.

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In 2020, the U.S. Treasury Inspector General for Tax Administration (TIGTA) reported more than 10 million non-filers, many of them high-income earners. Then, in 2021, a TIGTA Report told the IRS to begin cracking down on S corporation owners who take little to no compensation to avoid employment taxes effectively.

CLIENT SERVICE OPPORTUNITIES

Four Ways to Handle Federal Tax Liens

There’s more than one route to satisfying the IRS Collection Division.

By Eric L. Green

IRS tax liens can have a profound impact on an individual’s situation, affecting their ability to get loans, sell property or engage in business activities. As such, it is crucial for individuals to understand how IRS tax liens work and the options available for getting rid of them.

MORE: The IRS Is Coming! Get Your Clients into Compliance | Tax Chat: Eric Green Reveals The Tax Rep Guide to Tax Season
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In this article we discuss approaches and factors to consider when dealing with IRS tax liens, offering insights and advice to help taxpayers navigate this process.

Understanding IRS Tax Liens

Before discussing ways to remove tax liens, it is important to get a basic understanding of what they entail. A tax lien represents a right against a taxpayer’s assets, and is used by the IRS to secure its interest in the taxpayer’s assets – both those owned at the time and those later acquired.
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CLIENT SERVICE OPPORTUNITIES

The IRS Is Coming! Get Your Clients into Compliance

10 million high-income taxpayers targeted.

By Eric Green

Those of us in the know have been saying for a while now that the IRS is sending a “wave” of tax notices, and you need to prepare your clients for compliance and, ultimately, remittance and resolution. Well, that day has finally come.

The IRS is launching its long-awaited effort to crack down on high-income taxpayers who have failed to file tax returns.

MORE in TAX: Eight Steps to Getting Started with AI: A Guide for Tax Professionals | What’s Your Value to Your Tax Clients? | Are You Excited About Tax Season? | What the Corporate Transparency Act Means for Accountants | Train Now Before It Costs You Down the Road | Surge Pricing: What Works for Uber Could Work for CPA Firms | Uncooperative Partner Might Not Be the Problem | It’s Time to Fix the Problem of QTIPs and LLCs

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For practitioners, many taxpayers will be scrambling for help from tax professionals. Understanding how to handle these taxpayers when they come in will have a real impact on how painful the re-entry into the tax system is going to be.

Eric Green

MORE AT STORE.CPATRENDLINES.COM

Eric L. Green is a practicing tax attorney, author, speaker, and coach.

He founded Tax Rep LLC, which runs the popular tax representation practice-growth training and coaching program Tax Rep Network.

As the primary instructor and coach at Tax Rep Network, he has helped hundreds of accountants start and grow successful tax representation practices.

Eric is a partner and founder of Green & Sklarz law firm in New Haven, Conn., where he focuses on taxpayer representation before the IRS, Department of Justice Tax Division, and state revenue departments. Before becoming an attorney, Eric was a senior tax consultant for national and international accounting firms, including KPMG and Deloitte & Touche.

Eric developed a national reputation by building a remarkable record of negotiating favorable settlements in thousands of civil cases against government agencies and has also been able to convince government agents and attorneys to forgo criminal charges and civilly resolve many cases.

Eric is a Fellow of the American College of Tax Counsel, an organization in which membership is an honor reserved for those at the top of their chosen profession. The College’s members, called “Fellows,” are recognized for their extraordinary accomplishments, professional achievements, and dedication to improving the practice of tax law. Fellows must be nominated by their peers for this honor.

Eric is a frequent lecturer at American Bar Association Tax Section conferences, accounting conferences, and state Enrolled Agent conferences. He served as adjunct faculty at the University of Connecticut School of Law, teaching law students to handle taxpayer representation matters in the low-income taxpayer clinic. He is often quoted in the Wall Street Journal, USA Today, CreditCard.com, and Consumer Reports Financial News.

Eric is the author of The Accountant’s Guide to IRS Collection, the Accountant’s Guide to Resolving Tax Debts, a contributing author of Advocating for Low-Income Taxpayers: A Clinical Studies Casebook, and was interviewed for the book Stop Hiding from the IRS: The Insider’s Guide to Solving Your Tax Debts Once and For All.

He received his Bachelor of Business Administration degree in Accounting with a minor in International Business from Hofstra University and is an honors graduate of the New England School of Law. He also earned a Master of Laws in Taxation from Boston University School of Law.

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