I was explaining to my daughter last night what we’re creating at TaxLifeboat.com. Tax professionals, I said, are excellent at advising and preparing taxes for their clients. Once a client gets in trouble with the IRS, however, the client falls into what I call the ‘swamp.’ Lots of books and articles have been written by tax pros about different parts of this swamp but not many people know it well. As a consequence, both delinquent taxpayers and advisors trying to help them end up stumbling around in the dark.
What we’ve done at TaxLifeboat.com is organize the voluminous amount of information on this subject and identify the possible solutions. Staying with our ‘swamp’ analogy think of these possible solutions as the goals you want to reach on the other side of the swamp. In creating the website, we were surprised to discover approximately 350,000 possible paths through the swamp to get to the desired result. Which path is best depends on a taxpayer’s situation and the number of available solutions.
Lastly, we provide all the tools needed to navigate the swamp with the least amount of effort. These resources include sample letters, applications, and other materials; documentation creation software; assess to experts; research libraries and background sources; and even reminder emails about upcoming deadlines. We’ve basically provided all the workflow management resources you’d want and put them at your disposal. These aids come together in convenient, individual workspaces on our website which makes it much easier to organize and resolve even difficult cases. The goals, paths and tools are continually updated for changing tax laws and regulations.
As one tax professional recently exclaimed when told about TaxLifeboat.com, “Where have you been?!”