Yes, there are legitimate tax relief companies that can help you reduce your tax debt or sign up for an affordable repayment plan. However, there are also a lot of fraudulent companies. Do some research before choosing a tax debt relief company that represents you. tax relief companies are sometimes thought of as having a bad reputation because of customer complaints about false promises, high fees, and even blatant scams.
While it's absolutely true that the tax relief industry has some negative players, there are also many reputable tax relief companies with a proven track record of success. To help you tell the difference, we've rounded up the seven best tax relief companies in the industry. Unfortunately, the industry is plagued by scams and bad business practices. Disreputable companies lure customers with false promises while charging steep fees.
Still, legitimate tax settlement firms exist. These companies are honest about whether you can benefit from their services and charge reasonable rates, which are disclosed in advance. There are legitimate tax debt relief companies with qualified, licensed, and experienced professionals who want to help you. They'll meet with you, review your financial data, and then provide you with a realistic assessment of what they can do.
These legitimate companies will charge a reasonable fixed fee for their services. For such a reduction to be approved, taxpayers must prove that the total amount owed is incorrect, that the probability of being able to pay the full amount is too low, or that paying the full amount will result in enormous financial difficulties. Tax preparation firms play a lot on this fear and promise a lifesaver of professional help that can make your problems go away. The IRS Office of Professional Responsibility focuses on questionable practices in the tax debt resolution industry.
Fortress Tax Relief's hourly rate structure gives you the best chance to save with significant IRS tax debt. You shouldn't be afraid to go directly to the IRS and respond to their requests for payment of the back taxes owed. The taxpayer must provide substantial information to the IRS about their current assets and liabilities, as well as their projected future income. Whether they're called a tax resolution company, a tax debt assistance company, or a tax settlement company, these firms promise to provide tax relief through personalized tax reduction strategies designed to resolve your tax debt.
Contact the Taxpayer Defense Service, an independent organization within the IRS, for free help if you have tax problems that you haven't been able to resolve yourself, if your problems are causing financial difficulties for you or your business, or if you face an immediate threat of collection adverse action by the IRS. If you owe taxes but can't pay the IRS in full, consider filing a request for an installment agreement (Form 946) along with your return. These scammers rely on false claims, including the ability to help you pay off your IRS tax debt for cents on the dollar. Similarly, no company can guarantee that it will be able to do anything to reduce its tax liability.
ALG Tax Solutions offers a comprehensive library of free educational resources designed to empower consumers and prevent future tax debts. On the other hand, good tax relief companies will be honest about whether or not you can benefit from their services, won't make any promises about specific results, and will charge transparent fees up front. .