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These guarantees include your money back if your situation isn’t resolved, 100 percent compliance, and no added costs to appeal any Offer in Compromise rejections. Additionally, the company has received an A+ rating (the highest offered) from the BBB. This rating represents the BBB’s opinion on how likely a business is to interact with its customers. If you’re worried about having your questions answered or dealing with complaints, this rating is encouraging. These firms work with the IRS on your behalf to resolve overdue taxes and can help you repay your debts and minimize the financial penalties that come with them. The IRS is a powerful collection agency with all of the force of the Federal Government behind all of its actions.
They delivered more than they promised and helped me get an AWESOME resolution to my case. Its founder Patrick Cox CPA was found guilty of defrauding taxpayers nationwide and ordered to pay approximately $200M in restitution. A Texas court determined they misled taxpayers in television ads and sales calls and had over 100,000 fair trade practice violations. When it comes to routine tax relief, any and all relief is granted under two official sources. BBB directs its services to businesses and consumers in North America. Liberty Tax’s primary disadvantage is how it outsources its debt relief sources to Community Tax, so the fees and requirements aren’t totally clear.
Step 4: Long-Term Resolution
So no matter where you’re living, if you owe the IRS back taxes, Optima Tax Relief is ready to help you resolve your tax debt. If you owe money to the IRS, there is absolutely no reason to wait around. Whether you decide to use a tax relief company or to take on the task yourself, it’s important to start immediately. Unfortunately, the criteria for these options are complex, and the paperwork can be daunting.
- Tax relief companies offer a free consultation, then charge an initial investigation fee of around $295 to $500 to understand your liabilities.
- Tagging in a team of licensed tax professionals to represent you before the IRS is the most important thing you can do to protect yourself.
- When the IRS levied my wages for a tax debt of roughly $48,000, I contacted a few local tax attorneys.
- We’ve established a working relationship with the IRS to make sure we’re aware of every option we have to help you resolve your tax issues.
- If you have a large tax debt, standard percentage-based fees will vastly overcharge you, in general, compared to the amount of work required for your case.
- Not knowing is one of the most stressful parts of dealing with tax debt.
A reputable tax relief firm will be able to tell you exactly who will be working on your specific case and how to contact that person directly. Remember, only Enrolled Agents, CPAs, and Tax Attorneys are permitted to represent taxpayers in front of the IRS. Rather there are several types that will likely be offered and or discussed with you upon completing your request. All reasonable efforts are made to provide and maintain accurate information.
How Much Will the IRS Usually Settle For?
Individual and business tax preparation services are also available to clients, to avoid tax debt issues in the first place. Optima Tax Relief works with every type of IRS and state tax relief https://turbo-tax.org/ option, from payment plans to “currently not collectible” filings. The company’s staff is composed of several types of tax professionals, including enrolled agents, tax attorneys and CPAs.
If you owe the IRS, worrying about wage garnishments, tax liens, bank levies and collection attempts can weigh you down. In more than 1000 reviews with a 98% satisfaction rating, customers say time and time again that Precision Tax Relief came to their rescue. The Federal Trade Commission has detailed instructions on many of these options, as well as how you can apply online. Working with a tax relief company usually starts with a free consultation. You’ll chat with a representative, give them details on your tax issues, and the company will do a quick analysis of your situation to determine which tax relief service can help you.
Tax Liens
We are dedicated to providing our client with the best possible service and results, and we are committed to finding the best solution for each client’s unique situation. The IRS Fresh Start program gives individuals and businesses the option to pay back their debt in an installment plan without interest, penalties, liens, garnishments, or asset seizures. You must meet specific debt and tax filing requirements to qualify for the program.
All credit card rates, fees, and terms are presented without guarantee and are subject to change pursuant to each Provider’s discretion. There is no guarantee you will be approved for credit or that upon approval you will qualify for the advertised rates, fees, or terms shown. The card offers that appear on this site are from companies or affiliate offers from which solvable may receive compensation.
Frequently Asked Questions about Tax Debt Relief
One advertising method that has become more prevalent recently is the use of popular radio personalities and other celebrities to endorse these unscrupulous tax relief companies. They often make grandiose claims of settlements and urge listeners to call right away to prevent missing out on a supposed time-sensitive opportunity for tax relief. These false promises continue once a taxpayer visits the company’s website or makes a call to the company. By having an experienced tax debt relief attorney on your side, your situation can quickly be assessed and you can take swift steps to get the IRS off your back – so you can get the tax debt relief you deserve. To see what tax debt relief options are available to you, take a moment to answer a few simple questions here. Tax relief companies offer a free consultation, then charge an initial investigation fee of around $295 to $500 to understand your liabilities.
- Of all the best tax relief companies on our list, Larson Tax Relief claims to offer the fastest turnarounds, especially in emergency scenarios for individuals or corporate entities in trouble with the IRS.
- The IRS takes its responsibility of collecting the taxes that are owed based on the most current tax code.
- See the online Provider’s credit card application for details about terms and conditions.
- You don’t have to face the IRS alone – we’ll negotiate directly with the IRS on your behalf and successfully help you navigate the bureaucratic maze of the resolution process.
- We can help you solve your IRS-related issues by leveraging the law in your favor and potentially can save you thousands of dollars.
- His professionalism and his friendly demeanor immediately put me at ease.
- Whether you decide to use a tax relief company or to take on the task yourself, it’s important to start immediately.
In addition to the large number of positive reviews the company receives on customer review sites, Larson stands out for its business tax services. The company can handle just about everything about business tax preparation, including paperwork for payroll taxes and corporate income taxes. This can be especially useful for small business owners or those with smaller accounting departments that need the support. Larson Tax Relief works with all sorts of tax debt relief services, from personal IRS tax debt relief to corporate tax assistance and even assistance with delaying or preventing bank levies.
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This refers to scenarios such as being unable to pay essential bills like utilities, rent/mortgage, or even not having enough money left over for basic groceries as a result of your tax debt payment. For these reasons, it cannot be overstated how important it is to ask for as much information as a company is willing/able to disclose before contracting its services. Ideally, you’ll want to get quotes in writing, including the possibility of any additional fees and all available payment options. Back taxes are taxes owed due to unfiled tax forms or mistakes made during filing. These can accrue interest, which can cause your tax debt to balloon to unmanageable levels.
Reputable tax relief companies are hard to come by, but Precision Tax Relief rose to the top in nearly every aspect of our analysis. First and foremost is the company’s 30-day money-back guarantee, one of the longest in the industry. So what do you do when you fall into five figures of debt with the IRS? Tax delinquency can lead to wage garnishment and asset seizure, which will further impact your finances and might even send you spiraling deeper into debt.
The cost range for the tax relief portion of Optima’s services is going to run between $2,000 and $5,000, depending on your specific needs. Resolution may involve a payment plan or an attempt to reduce your arrears, but this will always involve following one https://turbo-tax.org/solve-your-irs-tax-problems-bbb-a-rated-tax-debt/ of the options offered by the IRS. In addition to its experience, Precision Tax Relief offers a free consultation and a 30-day money-back guarantee. In addition to the ratings above, the company has received an A+ rating (the highest offered) from the BBB.
- Withdrawal – The withdrawal of a tax lien doesn’t completely excuse the debt, instead it removes the public notice portion of the IRS Tax Lien.
- Therefore, a credible tax relief company will provide you with an agent who has no problem describing the tax relief options you might have questions about.
- Solvable is compensated by some of the companies seen on our website.
- This complimentary discussion allows you to talk with a knowledgeable tax expert and decide whether you want to work with them.
- Aside from Community Tax’s programs, Liberty Tax provides tax services for avoiding debt in the future.
