Speech, CPA - Did you know the Internal Revenue Service is...

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Did you know the Internal Revenue Service is currently owed over 83 billion dollars in uncollected tax, penalties, and interest, for returns filed in the year 2007? That doesn’t even take in to account people who haven’t even filed yet. Hopefully, none of that money is owed from someone in this room. But, if you are one of the over 8 million who do, or even if you don’t, I am going to try to help your tax situation. Today I am going to try to convince you to hire a Certified Public Accountant (CPA) to prepare your taxes. Each year millions of Americans wonder if they should hire a CPA. Why hire a CPA – is a question they ask themselves. Now, some of you may already have a CPA that does your taxes, but for those of you that don’t, I am going to tell you why you should. First, I will discuss how the IRS can ruin your finances if you owe them money. Next, I will discuss why getting taxes done online or through store bought tax software may not be a good idea. Finally, I will discuss what it means to be a CPA and some of the standards they must uphold to keep their license. First, I will discuss how not paying the IRS is not a good idea. If you get in trouble with the IRS, your life can be literally turned upside down. They have the ability to create liens and levies on your wages, assets, and property as security or payment for the tax debt owed to them. Even if mistakes are accidental, the IRS can still create liens or levies on your property. For example, we have a client
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This note was uploaded on 11/22/2010 for the course BUSI 504 taught by Professor Nunn during the Summer '09 term at Columbia College.

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Speech, CPA - Did you know the Internal Revenue Service is...

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