Getting tax advice

Attorney Julian Block writing in Realty Times--

Internal Revenue Code changes have averaged one--per--day over the past eight years ---- with 500 revisions in 2008 alone. Who's counting? Nina Olson, the National Taxpayer Advocate, announced the statistics in her annual report to Congress. An independent organization within the IRS, the Taxpayer Advocate Service helps taxpayers resolve complaints with the agency when problems cannot
be resolved through normal channels.

Mr. Block asks and answers the question, "Will Advocate Olson's reports convince our lawmakers to draw back from their drawing board? Not during these troubled times. Expect them to enact even more alterations to an already confusing code in the immediate future."

Individuals turn to tax professionals, CPAs, and Enrolled Agents, "who are neither attorneys nor CPAs, but who are former IRS employees or have passed rigorous tax examinations administered by the IRS." But there are alternatives, such as inexpensive adult education courses.

Block warns, "But people who need financial advice should be wary of free lunch seminars that are actually showcases for hucksters. Seminar sponsors usually promote their programs as educational events, with free meals thrown in. But the seminars generally feature hard -- sell pitches for substandard investments designed to enrich the sponsors -- many may be Uncle Bernie wannabes -- and impoverish investors, especially unwitting seniors."

Read the full article, Calling for Tax Advice the Inexpensive Way

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