Since 2018 more taxpayers are increasingly using do-it-yourself tax software. What many do not realize is that these same DIY software companies also provide software to tax professionals. For many people though this can be problematic, as just recently I had to amend a tax return for a new client who initially completed their return using one of these DIY software companies. For tax professionals to compete on this very tilted playing field they need to focus on making the personal connections that big corporations cannot. I started this process years ago by striving to use only companies, such as Tax ware Systems, that do not compete against me by offering a similar product to my tax and accounting clients. My focus is on working with clients year around with tax planning and other financial strategies, so my clients can get the best overall financial results. Is your tax professional standing out by using their expertise to help you with complex tax problems that just cannot be handled by DIY software? Or, do they just do your taxes? Today, we discuss DIY software vs. the tax professional, a sizzling hot topic that is so important for both tax professionals and taxpayers.
Have you received an IRS payment due notice? Have your tried to call the IRS to get a question answered? Are you still waiting for your 2020 refund? As the IRS recovers from the COVID-19 pandemic, the Service is facing many challenges, including how to balance enforcement while at the same time providing taxpayer service. Many taxpayers are frustrated with the long hold times and even being disconnected. Millions of taxpayers are still waiting for their 2020, and some their 2019, tax returns. I will discuss with the former National Taxpayer Advocate of the United States, Nina Olson, how the IRS is possibly going to fix these issues and what taxpayers can expect over the next few months. https://www.taxpayer-rights.org/
Click here for this informative show hosted by Marcelino Dodge, EA.