Yes, working with any tax relief company usually starts with a free consultation. Optima Tax Relief Optima offers tax consultation, preparation, and resolution. The company specializes in resolving and reducing tax debt for individuals and businesses, both at the federal and state levels.
While you may have a rough idea of some of these things, we’ve met with very few clients who’ve been able to provide everything in the first meeting. If the salesperson or whoever you’re speaking to promises any result in the first meeting—run, don’t walk away. However, if the collection period expires while you’re on CNC status, you will not have to pay the amount owed. Tax preparers play a key role in helping clients maintain IRS compliance by ensuring all required tax returns are filed accurately. Tax debts can build up for a variety of reasons—maybe you missed filing your tax returns, underestimated your tax bill, or were hit with unexpected results from an audit. Tight deadlines prevent you from thinking about what you’re getting into, and both scammers and unscrupulous companies use this tactic.
How to Appeal an IRS Audit: When You Should Fight, Settle, or Get Help
- It is important to get a clear understanding of how much a tax resolution company will charge and how long it estimates the process to take before you begin.
- The best tax relief companies employ experienced tax professionals—typically enrolled agents, CPAs, and tax attorneys—who negotiate with the IRS on behalf of clients.
- Multiple tax filing supported and $0 extra.
- If you have more than $10,000 in delinquent IRS tax back taxes, a tax relief company may be able to help you get it under control.
- Tax relief companies rely on a number of IRS programs, including the Fresh Start initiative, to help taxpayers reduce their tax bill.
However, be cautious—some tax relief companies charge high fees without delivering real results. If you owe money, you’re not alone—many taxpayers find themselves in this situation each year. Whether you’re dealing with federal tax debts, state tax debts, or even local tax debts, the consequences can be serious, including mounting interest, tax liens, tax levies, and wage garnishments. Legitimate tax relief companies often charge upfront fees, but they also explain why and let you know what to expect moving forward.
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If you’re facing tax debt, it’s possible to address it on your own without hiring a tax relief company. We narrowed down the best tax relief companies for you by comparing costs, tax debt requirements, availability and customer reviews. Consumer reports best tax relief companies tops March search logs because taxpayers want proof before they hire help.
Will the IRS really settle for less?
Dealing with IRS debt is stressful, but settling for less is possible through an Offer in Compromise (OIC), which lets you pay less if full payment creates hardship.
Trouble Paying Your Taxes?
- You have options to resolve your tax bill.
- Our tax attorneys can help you find real solutions to your state or IRS tax problems.
- If you have any question related to our services, feel free to contact us right away and we will get back to you as soon as possible.
- Open the IRS envelope, gather your last two tax returns, and get objective advice before penalties stack higher.
Offers broad IRS tax relief services. Offers a free consultation with extensive tax relief options. For minor tax debt cases, you might be able to tackle the problem on your own.
Choosing a Legitimate Tax Relief Company
Offers free consultations and a 24-hour customer satisfaction guarantee. Works with individuals and businesses to resolve federal and state tax issues nationwide. Three-step process includes free consultation, personalized recommendations and negotiation with state and federal agencies. Provides tax services to individuals and small businesses. Offers a 15-day money-back guarantee. Represents individuals, businesses and nonprofits with state and federal tax issues in all 50 states.
What is the 7 year forgiveness of debt?
The seven-year timeline comes from the Fair Credit Reporting Act, which limits how long credit bureaus can report most types of negative information. After seven years from the date you first fell behind, things like collections, charge-offs and late payments will typically fall off your credit report.
Report problems with a tax preparer to your state comptroller or treasurer. The process for tax settlements with states is like the process with the IRS, but it varies from state to state. Find out if you qualify for their services and where to find an LITC. LITCs help people of modest means who have a tax dispute with the IRS.
Best Company for Tax Relief: Understanding Real and Fake Tax Relief Programs to Avoid Scams
If you owe the IRS or local taxing authorities, you must make arrangements to repay or reduce the debt. When you owe more taxes than you can afford or don’t pay the full amount, you will owe back taxes. These tax experts work with the IRS or your local tax authority to find ways to resolve your tax debt.
Tax relief is any reduction or removal of liability in taxes owed by an individual taxpayer or business entity. The company breaks things down into three steps so that customers always know where they’re at on their tax relief journey. If you’re behind on taxes, it’s never just about… At Tax Hardship Center, Jason creates straightforward content designed to help taxpayers feel informed, prepared, and confident. We send free filing reminders for three years and offer check‑ins each tax season, helping clients stay penalty‑free. Penalties can add half again to a tax debt, but the IRS wipes them under specific circumstances.
Why am I getting tax debt relief calls and emails?
We selected Priority Tax Relief for the best satisfaction guarantee thanks to its 100% money-back guarantee. This approach ensured that we highlighted companies offering the best value, broad accessibility and a track record of positive customer experiences. Jason Miller writes about IRS tax resolution and personal finance topics with a practical, step-by-step approach. Business‑related resolution fees may be deducted on Schedule C. Personal resolution fees are not deductible under current law. Debts under $5,000 that you can pay within 120 days fit the online payment plan.
About one‑third of first‑round offers clear. Settling for less than the full debt sounds impossible, yet the IRS accepts thousands of offers each year. Reviewers praise companies that post timestamped case updates while faulting those that vanish after payment clears. This includes offering a free consultation, cost transparency, and employing top rated tax resolution firm a team of experienced tax professionals with varying licenses and certifications. If you have a financial hardship and a smaller debt (below $10,000), the IRS has several resources available to help you resolve your tax debts. If you’re dissatisfied, you can take advantage of Precision Tax Relief’s 30-day money-back guarantee.
Be sure to have a copy of the bill and any tax returns, cancelled checks or other records to help us understand why you believe your bill is wrong. If you can’t afford to pay because of your financial condition, you can ask us to temporarily delay collection. See if you’re eligible for an offer in compromise.
Companies often market with “DBAs.” For instance, Acme Inc. could have a website like “besttaxreliefcompanyever.” There’s nothing inherently wrong with this. The fees can be significant, ranging from about $2,000 up to $250,000 or more for full case resolution. Tax relief services don’t erase your debt overnight, and they aren’t necessary or appropriate for everyone.
A tax attorney, IRS enrolled agent, or tax accountant has relationships with professionals in the IRS, which can help expedite your case. While you are negotiating a settlement with the IRS, all collections actions will be put on hold, including tax liens. An IRS tax lien may show up on your credit reports and can make it harder to get a mortgage, car loan, or personal loan. They can negotiate on your behalf to reduce or eliminate fees and penalties. The IRS may accept your offer if they believe the number you present is the most they will be able to collect from you at any time now or in the near future. Tax relief firms can help you solve complicated tax issues including –
Avoid any company that demands a large upfront payment without explaining the scope and timeline of services. Choosing the right tax debt relief company can make a major difference in both your financial outcome and your peace of mind. It also offers a paid protection program called Optima Tax Shield™, designed to help clients stay compliant and avoid future tax problems.. The company’s website outlines a three-step process for getting your tax debt resolved.
Legitimate tax relief companies do exist and they can help taxpayers lower their tax debt or create an affordable payment plan. The IRS offers mechanisms for taxpayers to manage federal tax debts, such as installment agreements (payment plans) or the Offer in Compromise program for those in genuine financial hardship. Most tax relief companies or attorneys offer the following services to help you reduce or manage your tax debt. And, like many tax relief companies, Five Star Tax Resolution offers a money-back guarantee.
