Myth #10: The IRS Will Tell You When and How to Save Money

The IRS is a historically understaffed agency. Even with advances in e-filing taxes, the Agency’s roughly 80,000 workers struggle immensely with the job’s demands. In 2021, the IRS reported that it would need a workforce of over 86,000 additional full-time employees to meet the Agency’s workforce needs. When the IRS doesn’t have time to fulfill its mandated obligations, it will not go above and beyond to advise individual taxpayers. While all taxpayers should have access to high-quality tax advice to follow the IRS’s numerous, complicated, and sometimes arbitrary rules, this, unfortunately, is not the case. To maximize savings on your taxes while complying with IRS requirements and tax law, you need the assistance of a qualified tax professional.

Why the “IRS Will Help Save You Money” Myth Exists

The IRS publishes numerous publications and tools annually to help taxpayers understand their tax filing obligations. These publications are aimed at the general public, and not every instruction will apply to every person. The IRS may try to make the information easily digestible for the average reader, but these documents remain complex and often unhelpful.

Further, the IRS’s role is narrow; it may only collect taxes and pursue tax collection enforcement. IRS staff cannot provide personalized financial management or offer tax advice.

What Does a Qualified Tax Professional Do?

A qualified tax professional will examine the big picture, assess your finances, and provide tax advice based on your specific situation. At Highland Tax Group, we understand the nuances of tax laws and keep abreast of all IRS regulations and changes in requirements. This allows us to offer our clients personalized tax strategies that maximize their savings and never worry about whether they are choosing the best avenue to resolve their tax debt. Be proactive in your tax payment strategies by calling Highland Tax Group.