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As we execute your tailored resolution plan, our team will continue to provide you protection from wage garnishments, bank levies, federal and state tax liens, and property seizures. That’s why our team customizes a tailored resolution plan that will solve your tax issues once and for all while saving you the most time and money. At Boxelder, our team of tax relief attorneys believes that behind every client there is a real person who deserves another chance at a fresh start. If you ask a company and they don’t immediately show you their license, you should note that as a major red flag that you shouldn’t conduct business with them. It’s imperative to ensure the tax relief company you’re considering has a completely clean history. These companies should have reliable and accurate credentials that outline their legitimacy. There are three steps you can take to ensure said company is clean.
- Pay your debt in installments by qualifying for a payment plan with the IRS.
- As mentioned above, if your tax debt is comparatively small — generally less than $10,000 — you might want to consider negotiating directly with the IRS yourself.
- This only makes sense if you will get a better interest rate on your mortgage.
- If you have tried to settle matters with the IRS yourself and have come up empty, the TAS may be able to assist you.
- The company will take on cases if it believes the cost of the services are worth it to the prospective client.
- The IRS is the world’s largest collection agency and its sole purpose is to ensure that all of the money owed to the Federal Government from taxes are received.
As a general rule, you can apply for CNC status when paying your taxes represents an undue burden on your necessary living expenses. 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. 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.
Best for experience: Optima Tax Relief
Optima’s investigation fee is generally around $295, and you need to have a minimum tax debt of $10,000. An A+ rated BBB accredited business, the firm has locations around the United States, handling a number of tax problems and providing solutions with their team of tax experts. In the past five years alone, we have helped more than 700 clients across the country resolve their tax debt through the IRS Offer in Compromise Program.
What is the best tax debt relief company?
Here are the best tax relief companies:Anthem: Best for Money-Back GuaranteeOptima Tax Relief: Best for User ExperienceTax Defense Network: Best for Spanish SpeakersPrecision Tax Relief: Best for Customer ServiceCommunity Tax: Best for Little Tax DebtTax Hardship Center: Best for Tax PreparationFortress Tax Relief: Best for Hefty Tax Debt
While Community Tax’s services are offered throughout the country, you may have to meet with them remotely. If you are less enthused about remote meetings, they may not be ideal. Anthem opened its doors in 2010 but combined, the staff has 30 years of experience in tax law and preparation. Anthem boasts memberships in the National Association of Enrolled Agents and the National Association of Tax Professionals. However, all offers must be fully paid within 24 months of the date the offer is accepted.
Filing Back Tax Returns
With large tax debt, this can quickly add up to an exorbitant amount that doesn’t reflect the number of hours required to resolve a higher-debt case. For example, a $20,000 debt probably won’t take twice the amount of work to resolve than a $10,000 debt. Anthem Tax Services’ money-back guarantee is the only one of its kind in the tax relief industry. The guarantee has no time limit and promises to return your fees should the company fail to make any change to your IRS tax debt repayment schedule. Like other tax relief companies, Optima Tax Relief charges an upfront fee of $295 to begin the investigation phase. This is the only disclosed fee on the company’s website, as each client’s situation requires its own unique services. All clients of Community Tax enjoy a service guarantee that refunds you your investigation fee if the company determines that it can’t help you resolve your tax debts.
Don’t File Your Taxes Until You Have These 7 Things – Money Talks News
Don’t File Your Taxes Until You Have These 7 Things.
Posted: Fri, 27 Jan 2023 12:03:16 GMT [source]
The number one issue that triggers an audit has to be problems with math. If the numbers on your return are not jiving with the information that you provided with the return, this will almost always trigger an audit. Another reason is that you may be claiming too many deductions and even though the IRS allows the deductions could be overstated. Optima Tax Relief was 2021 winner of the prestigious Torch Award for Ethics awarded by the Better Business Bureau Serving the Pacific Southwest. A tremendous honor that stands as a testament to our unwavering commitment to imbue the highest ethical standards into everything we do. Tell the Truth – This includes proper disclosures on all products and services. Contacting your personal Case Manager is incredibly easy and simple.
Summary of the Top Recommended Tax Debt Relief Programs
Reputable tax debt relief service providers typically offer a free consultation before bringing you on as a client. During https://turbo-tax.org/ the consultation, you’ll be able to explain your predicament, answer questions the service has, and ask them questions.
- If your information is not presented correctly, the IRS can use their own calculation to determine your tax burden, which can result in an amount that is significantly more than what you actually owe.
- While it may seem easier to just ignore the problem, that’s the worst thing you can do.
- It’s also important to note that anyone can negotiate these options directly with the IRS.
- Each of Community Tax’s fees can be paid back in full or through a monthly payment plan.
- If you’ve ignored those notices, you will immediately be placed into collections, at which point your bank accounts and wages can be levied by the federal government.
You may choose short-term payment options for up to 180 days or a long-term option. Long-term options refer to any payment plan that lasts as long as you need to pay the debt.
Customer Service
Tax relief companies are sometimes thought to be disreputable due to customer complaints about false promises, high fees, and even downright scams. While it’s absolutely true that the tax relief industry has some bad players, there are also plenty of reputable tax relief companies with proven records of success. To help you tell the difference, we’ve rounded up the seven best tax relief companies in the business. In addition to strong customer reviews, Tax Hardship Center has several other benefits. First, the company’s CEO is an “enrolled agent,” the highest credential the IRS awards. You’ll also work with licensed tax professionals so you can trust the expertise of the team.
Its educational resources are also more robust than other companies’, including offer-in-compromise and tax withholding calculators. Respected A+ BBB rated Tax relief and resolution services firms specialize in helping people resolve their IRS tax problems in the event of unfiled tax returns, debt from back taxes, and tax audits. Most reputable companies that offer services such as previously mentioned, are enrolled agents, tax attorneys and CPAs, can be invaluable when it comes to fixing many of today’s tax issues. However, tax professionals are more likely to have experience dealing with complex cases than the average person. For example, individuals who have multiple assets, bank accounts or years of unpaid taxes may have a complicated situation that is difficult for the taxpayer to navigate. Sometimes, a tax relief company identifies errors that the IRS missed.
About Anderson Bradshaw Tax Consulting
We also suggest weighing the costs against how much you already owe in taxes. Smaller tax debts may be easier and cheaper to manage by yourself than with the help of a tax debt relief company. If conditions are right, they can try to lower your debt, establish a payment plan with the government or have a bank levy lifted, among other options. Working with a tax relief company may reduce your stress in obtaining tax relief.
What’s the most reputable tax relief company?
The most reputable company in the tax relief industry is Precision Tax Relief. They have a 4.96 customer review score on BBB, and 98% excellent reviews out of 1,513 reviews on Trustpilot. Learn more about their customer service and 30-day money-back guarantee below.
The Tax Defense Network is willing to work with clients with $5000 in tax debt. Be careful to assess the complexity of your case ahead of time to ensure that if you have a lower Solve Your Irs Tax Problems Bbb ‘a+’ Rated Tax Debt Relief tax debt, you do not pay more than the services are worth. Not only do they handle individual tax relief, but they offer services to small businesses and corporations.