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anyone here ever do tax resolution cases?

how lucrative is this area?
pedude
  03/14/19
...
pedude
  03/14/19
What do these involve?
....::::..::..,,....,........,..,,,,,.
  03/14/19
Can there be any money in this? How many people are being au...
'""''"""'''""
  03/14/19
apparently tons apparently every year 7.5 mm ppl don't fi...
pedude
  03/14/19
Tell me what you're thinking about doing brother
'""''"""'''""
  03/14/19
thinking about going into this line of business and stacking...
pedude
  03/14/19
What kind of model? High volume low margin mill using 45k p...
'""''"""'''""
  03/14/19
high volume definitely not sure of all the other details
pedude
  03/14/19
The guys on TV and radio will kill you. Pennies on the dolla...
can't believe this moniker was available
  03/14/19
for the vast majority these people just file late and are hi...
Dupa
  03/14/19
CR we need a shitlawyer like you to come in and help sharpen...
'""''"""'''""
  03/14/19
Bloodacre how do you make money doing offers in compromise
'""''"""'''""
  03/14/19
Yeah people who refuseto pay their taxes really want to pay ...
....::::..::..,,....,........,..,,,,,.
  03/14/19
I have some knowledge of these issues and will take question...
can't believe this moniker was available
  03/14/19
How much money is there in this shit practice
'""''"""'''""
  03/14/19
Lots if you're good at it, like anything else. Couple trilli...
can't believe this moniker was available
  03/14/19
bingo
pedude
  03/14/19
best way to go about getting leads? was told to direct mail ...
pedude
  03/14/19
I am shitlaw boss. Started out working fora retired boomer, ...
can't believe this moniker was available
  03/14/19
how do most of your leads come in? online or offline? how...
pedude
  03/14/19
Referrals from the sources above, or from former clients, or...
can't believe this moniker was available
  03/14/19
haha can you sell your practice for a multiple of revenue...
pedude
  03/14/19
I don't think law firms sell for big multiples. I wouldn't p...
can't believe this moniker was available
  03/14/19
interesting so if you hustled more and hired a team, how ...
pedude
  03/14/19
tax planning is another area i am looking to get into. very ...
pedude
  03/14/19
I don't do high level planning. Just show people how to set ...
can't believe this moniker was available
  03/14/19
you always get the $$ upfront right? these ppl are deadbe...
pedude
  03/14/19
Always get a decent chunk up front. If you're doing small ca...
can't believe this moniker was available
  03/14/19
i'm going to be doing the smaller ones upfront also heard...
pedude
  03/14/19
I would definitely be writing blog posts about crypto if I w...
can't believe this moniker was available
  03/14/19
noted
pedude
  03/14/19


Poast new message in this thread



Reply Favorite

Date: March 14th, 2019 3:13 PM
Author: pedude

how lucrative is this area?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37931127)



Reply Favorite

Date: March 14th, 2019 4:06 PM
Author: pedude



(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37931411)



Reply Favorite

Date: March 14th, 2019 4:27 PM
Author: ....::::..::..,,....,........,..,,,,,.


What do these involve?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37931523)



Reply Favorite

Date: March 14th, 2019 6:42 PM
Author: '""''"""'''""


Can there be any money in this? How many people are being audited or sued by the IRS for significant amounts of money?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932046)



Reply Favorite

Date: March 14th, 2019 6:43 PM
Author: pedude

apparently tons

apparently every year 7.5 mm ppl don't file their returns

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932049)



Reply Favorite

Date: March 14th, 2019 6:44 PM
Author: '""''"""'''""


Tell me what you're thinking about doing brother

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932052)



Reply Favorite

Date: March 14th, 2019 6:44 PM
Author: pedude

thinking about going into this line of business and stacking fat stacks

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932057)



Reply Favorite

Date: March 14th, 2019 6:47 PM
Author: '""''"""'''""


What kind of model? High volume low margin mill using 45k per year paralegals to grind out shit docs? How much are you going to charge the sovereign citizens who you're going to have to interact with on a daily basis?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932069)



Reply Favorite

Date: March 14th, 2019 7:46 PM
Author: pedude

high volume definitely

not sure of all the other details

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932343)



Reply Favorite

Date: March 14th, 2019 7:55 PM
Author: can't believe this moniker was available

The guys on TV and radio will kill you. Pennies on the dollar! You'll never get the volume.

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932390)



Reply Favorite

Date: March 14th, 2019 6:48 PM
Author: Dupa

for the vast majority these people just file late and are hit with a late filing penalty, late payment penalty if they owe and interest on the underpayment.

are you planning on prepling 1040s? pretty sure that's not a new business idea.

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932070)



Reply Favorite

Date: March 14th, 2019 6:49 PM
Author: '""''"""'''""


CR we need a shitlawyer like you to come in and help sharpen the biz model

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932075)



Reply Favorite

Date: March 14th, 2019 6:55 PM
Author: '""''"""'''""


Bloodacre how do you make money doing offers in compromise

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932096)



Reply Favorite

Date: March 14th, 2019 7:19 PM
Author: ....::::..::..,,....,........,..,,,,,.


Yeah people who refuseto pay their taxes really want to pay legal fees

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932198)



Reply Favorite

Date: March 14th, 2019 7:57 PM
Author: can't believe this moniker was available

I have some knowledge of these issues and will take questions.

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932403)



Reply Favorite

Date: March 14th, 2019 8:00 PM
Author: '""''"""'''""


How much money is there in this shit practice

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932418)



Reply Favorite

Date: March 14th, 2019 8:01 PM
Author: can't believe this moniker was available

Lots if you're good at it, like anything else. Couple trillion dollars in taxes collected every year, all you gotta do is get next to a small portion of them.

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932421)



Reply Favorite

Date: March 14th, 2019 8:03 PM
Author: pedude

bingo

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932428)



Reply Favorite

Date: March 14th, 2019 8:02 PM
Author: pedude

best way to go about getting leads? was told to direct mail referral sources (CPAs, ea's, etc)

do you have your own firm or do you work for someone else?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932426)



Reply Favorite

Date: March 14th, 2019 8:06 PM
Author: can't believe this moniker was available

I am shitlaw boss. Started out working fora retired boomer, began with his cases and still get a lot from that. Definitely get referrals from CPAs do sell them out, and also non cpa tax preparers and bookkeepers. Those can be overlooked. But also other lawyers. Most lawyers are scared shitless of taxes, if you tell the Bros in your area that you understand taxes they'll remember.



(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932442)



Reply Favorite

Date: March 14th, 2019 8:08 PM
Author: pedude

how do most of your leads come in? online or offline?

how much you pulling in? you just do tax res or what?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932448)



Reply Favorite

Date: March 14th, 2019 8:12 PM
Author: can't believe this moniker was available

Referrals from the sources above, or from former clients, or people who are non tax clients. We do tax controversy, some tax planning, wills/trusts/estates, and business formations.

We should do more online marketing but we don't. Our website sucks. It's all referrals.

I clear about 200k. Low COL area. Would make more if I worked harder but being a lawyer sucks.

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932476)



Reply Favorite

Date: March 14th, 2019 8:14 PM
Author: pedude

haha

can you sell your practice for a multiple of revenue down the line you think?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932486)



Reply Favorite

Date: March 14th, 2019 8:20 PM
Author: can't believe this moniker was available

I don't think law firms sell for big multiples. I wouldn't pay a ton except in some extreme cases. People hire a lawyer, not a firm, I don't think there's a ton of Goodwill in a law firm. We have done a bunch of wills, and have a bunch from the retired dood, and have bought files from retiring lawyers on two occasions. Those are the best long-term asset because if you draft or hold the document you are frequently hired to administer the estate, and that's good money that's guaranteed pay. Those are worth something.

If you want my advice, look into estate administration. It's steady money if you have a critical mass of files or if you can get on the appointed list.



(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932508)



Reply Favorite

Date: March 14th, 2019 8:43 PM
Author: pedude

interesting

so if you hustled more and hired a team, how much you think you could pull from this? $1 million+?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932621)



Reply Favorite

Date: March 14th, 2019 8:18 PM
Author: pedude

tax planning is another area i am looking to get into. very lucrative area potentially, no?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932501)



Reply Favorite

Date: March 14th, 2019 8:22 PM
Author: can't believe this moniker was available

I don't do high level planning. Just show people how to set up and run their business, sell their business, stuff like that. Nothing fancy. Much harder to get those clients imo but the basics fits well with controversy work.

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932514)



Reply Favorite

Date: March 14th, 2019 8:03 PM
Author: pedude

you always get the $$ upfront right?

these ppl are deadbeats and don't pay their bills so you gotta collect upfront

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932429)



Reply Favorite

Date: March 14th, 2019 8:09 PM
Author: can't believe this moniker was available

Always get a decent chunk up front. If you're doing small cases, flat fee or whatnot, get at least half up front and the rest before you submit the OIC or 433 for an installment agreement. I do mostly larger cases now, get between 5k and 25k up front, hourly on the rest, and be prepared to quit working first time they don't pay the bill.

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932457)



Reply Favorite

Date: March 14th, 2019 8:11 PM
Author: pedude

i'm going to be doing the smaller ones upfront

also heard a bit of advice to try and target crypto traders and the cannabis industry...thoughts?

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932468)



Reply Favorite

Date: March 14th, 2019 8:14 PM
Author: can't believe this moniker was available

I would definitely be writing blog posts about crypto if I was looking for more clients. And weed if it's legal in your state.

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932485)



Reply Favorite

Date: March 14th, 2019 9:19 PM
Author: pedude

noted

(http://www.autoadmit.com/thread.php?thread_id=4220844&forum_id=2#37932807)