Comments on: The Effect of Those IRS Credit-Counseling Tax-Exempt Revocations http://www.bizzyblog.com/2006/05/18/the-effect-of-those-irs-credit-counseling-tax-exempt-revocations/ The Business End of the Blogosphere Fri, 09 Jan 2009 02:13:38 +0000 http://wordpress.org/?v=2.5 By: TBlumer http://www.bizzyblog.com/2006/05/18/the-effect-of-those-irs-credit-counseling-tax-exempt-revocations/#comment-11458 TBlumer Thu, 18 May 2006 16:02:01 +0000 http://www.bizzyblog.com/?p=2149#comment-11458 #1 Jeff, I'm assuming the "EOUSTs" are the ones allowed to the the Bankruptcy reform pre-meeting briefings and the ongoing couneling if people file. So the minimal reduction in the EOUST counselor availability is a very good point, because the 41 firms wouldn't have had many, or maybe even any, EOUSTs, because their tax-exempt problems would have either caused turndowns or acceptances pending resolution of the tax-exempt problem, which has obviously gone the wrong way for those firms. #1 Jeff, I’m assuming the “EOUSTs” are the ones allowed to the the Bankruptcy reform pre-meeting briefings and the ongoing couneling if people file.

So the minimal reduction in the EOUST counselor availability is a very good point, because the 41 firms wouldn’t have had many, or maybe even any, EOUSTs, because their tax-exempt problems would have either caused turndowns or acceptances pending resolution of the tax-exempt problem, which has obviously gone the wrong way for those firms.

]]> By: Jeff Michael http://www.bizzyblog.com/2006/05/18/the-effect-of-those-irs-credit-counseling-tax-exempt-revocations/#comment-11447 Jeff Michael Thu, 18 May 2006 15:51:03 +0000 http://www.bizzyblog.com/?p=2149#comment-11447 Tom, You have a good point about the temporary reduction in the number of counselors available (yeah, those 41 agencies probably did employ a lot of counselors), but none of the revocations affected EOUST-approved counselors, so this won't disrupt bankruptcy counseling, just traditional credit counseling. (I'm pretty sure that bankruptcy clients are given priority over cc clients, so it's not like longer lines at cccs offices will affect them, either.) Tom,
You have a good point about the temporary reduction in the number of counselors available (yeah, those 41 agencies probably did employ a lot of counselors), but none of the revocations affected EOUST-approved counselors, so this won’t disrupt bankruptcy counseling, just traditional credit counseling. (I’m pretty sure that bankruptcy clients are given priority over cc clients, so it’s not like longer lines at cccs offices will affect them, either.)

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