National Association of Tax Resolution Companies to Host Complimentary Webinar Series on Important Issues for the Tax Resolution Industry

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The National Association of Tax Resolution Companies (“NATRC”) will host a complimentary series of Webinars on Wednesdays from September 26 to October 17, 2012 at 4:00 PM (ET) on subjects of importance to the industry.

One of the first objectives for the NATRC is taking on the challenge that was made by Karen Hawkins, the Director of the IRS Office of Professional Responsibility, to find mechanisms for the industry to self-regulate.

Wednesday, September 26, 2012 at 4:00 ET
State Regulation of Tax Resolution Companies

If your company, firm or sole proprietorship engages in providing services for the resolution or settlement of tax obligations, you may be considered, under certain state laws, a debt adjusting organization.

In the wake of TaxMasters and others, state regulators and Attorneys General are currently reviewing their laws to determine the application of their existing laws to tax resolution, settlement or negotiation services.

Some examples of existing state laws that may govern tax resolution and settlement are:

"Debt adjusting – means a person who for a profit engages in the business of acting as an intermediary between a debtor and the debtor’s creditors for the purpose of settling, compromising, or in any way altering the terms of payment of any debt of the debtor…"

And…

"Acting or offering to act as an intermediary between a consumer and one or more creditors of the consumer for the purpose of adjusting, settling, discharging, reaching a compromise on or otherwise altering the terms of payment of the consumer’s obligation."

This webinar will review all of the applicable state laws, examine the definitions and exemptions of those laws, evaluate current regulatory proposals and look at immediate steps that can be taken to be lawfully excluded from these laws.

Wednesday, October 3, 2012 at 4:00 ET
Tax Resolution Industry Code of Conduct

One of the first objectives for the NATRC is taking on the challenge that was made by Karen Hawkins, the Director of the IRS Office of Professional Responsibility, to find mechanisms for the industry to self-regulate. The harm that TaxMasters, Roni Deutch and JK Harris did to the tax resolution industry cannot be understated. The NATRC is working immediately to find solutions that will improve the industry without the intervention of federal or state regulators.

To achieve this goal, the NATRC is working to develop a “Code of Conduct” that imposes serious consumer and taxpayer protections on the association’s members. This Code will stand out as a “Taxpayer Bill of Rights” when consumers are considering working with a Tax Resolution Company.

The NATRC’s “Code of Conduct” is an important first step to improve the image of the industry, help secure fair regulation and make a distinction between the “good” and the “bad” in the tax resolution industry.

In this webinar, we will review each point of the NATRC Code of Conduct, how it protects consumers, how it impacts the industry, its implementation and future updates.

Wednesday, October 10, 2012 at 4:00 ET
New Federal Regulation of Tax Resolution Companies

The federal Bureau of Consumer Financial Protection (CFPB) issued a Federal Register Notice to define "larger" non-depository industry participants that may be subject to the supervisory program of the Bureau. The Notice outlined the industries that the Bureau will immediately seek to regulate.

One of the industries to be regulated is "debt relief services" which includes providers of services that "offer to reduce medical or tax debt". A meeting at the CFPB confirmed the intent of the bureau to regulate tax resolution services.

This webinar will review the plans of the CFPB to examine and supervise certain companies, firms and indivdiuals that provide tax resolution, settlement or negotiation services.

Wednesday, October 17, 2012 at 4:00 ET
Regulation Beyond the EA, CPA and Attorney: IRS Authority over Companies

Karen Hawkins, the Director of the IRS Office of Professional Responsibility, has said that she has no doubt that OPR has jurisdiction over the tax resolution industry and those working in it. According to Director Hawkins, “There is nothing in the definition of practice before the IRS that would suggest to me that their industry was intended not to be covered.”

The term “Practice” before the IRS includes preparing or filing documents, corresponding or communicating with the IRS, rendering written or oral advice, or representing clients at conferences, hearings or meetings. Who is considered to be practicing before the IRS has been broadened so that all of those activities pertain to tax resolution companies - not just individuals.

In this webinar we will examine the extension of IRS requirements to companies rather than individual enrolled agents, certified public accounts and attorneys. We will also review the OPR’s new declaration of requirements for practice and the implications of enforcement.

HOW TO REGISTER FOR THE WEBINARS

There is no charge to attend the “Wednesday Webinar Series”. To attend, simply send an e-mail to NATRC(at)NationalPolicyGroup(dot)com for your registration information.

If you have any questions or require any additional information about the Webinars, please e-mail the NATRC at NATRC(at)NationalPolicyGroup(dot)com or call 202-271-3569.

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Mark Guimond
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