Month: October 2024

We compared 38 brands and chose the top tax relief companies We’re so confident in our ability to ease your tax worries that we offer a 14-day money-back guarantee. Calling the IRS before the payment date often reinstates the plan without penalties—a step many taxpayers overlook.

Free Consultation and Financial Analysis

Call for a free consultation. Charges flat fee for services. Import competitor tax info and W-2s.

Congrats!You’re One Step Closer To Resolving Your Tax Debt.

Note that the CNC doesn’t mean your tax bill is forgiven; it’s simply a temporary collection delay to allow you to reorganize your finances. Enrolled agents, CPAs, and tax attorneys are licensed tax professionals who can provide expert advice and represent you before the IRS. The “IRS agent’ then instructs to wire the money into their bank account for processing. They email or call you, tell you they’ve reviewed your file, and say that if you can pay 50% now, they’ll forgive the rest.

• Works with individuals and businesses to resolve federal and state tax issues nationwide.
• The IRS declares a taxpayer currently not collectible only if the taxpayer has no way to pay their debt while still paying basic living expenses.
• A tax relief firm understands all the tricks the IRS uses to try to collect from taxpayers.
• Offers tax prep, tax education and business resolution.
• Legitimate tax relief firms will never guarantee a specific outcome, as only the IRS can determine what settlements or relief a taxpayer is eligible for.

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An installment agreement is a monthly payment plan set up with the IRS where you pay your tax debt over a certain period of time. Furthermore, they can levy money if the amount is not paid, and/or the IRS can also put a garnishment on payments or wages received to get their taxes paid.” Due to the uniqueness of each person’s tax debt situation, many companies do not publish service fees online. The company handles a range of tax situations, from appeals and innocent spouse relief to offers in compromise (where you pay less than you owe). Higher star ratings are ultimately awarded to companies that create an excellent experience and have a track record of restructuring tax debts for clients. Since 2020, LendEDU has evaluated tax relief companies to help readers find the best tax relief services.

Access to Attorneys and CPAs Directly

• Some tax relief companies are legitimate, but not all.
• At Tax Hardship Center, Jason creates straightforward content designed to help taxpayers feel informed, prepared, and confident.
• Larson Tax Relief stands out for its in-depth free consultation, where it investigates your IRS or state tax debt at no charge—a service many competitors only provide for a fee.
• Understanding the type of tax debt you have is crucial.
• Authentic urgency stems from notice dates, not company quotas.
• Serves middle- and high-income individuals and businesses in state and IRS tax debt cases with its team of CPAs and enrolled agents.

Represents individuals, small businesses and corporations with tax debt. Provides tax investigation, levy releases, business restructuring and programs to help taxpayers pay off less than they owe. Women-owned tax resolution company. Negotiates tax debt settlements. Attorneys and enrolled agents have resolved $500 million in tax debt. Minimum of $25,000 tax debt required.

Many also offer related services like filing back tax returns or tax preparation to get you into compliance. For example, if you’re facing a wage garnishment or bank levy, companies often quickly file the requests to release those tax levies or stop garnishments while negotiations are underway. In the best case, the outcome will resolve your tax debt or reduce it to an affordable amount. Finally, the company will execute the tax relief program or strategy agreed upon. If you’re unable to pay your tax bill in full, it’s important to know you have options.

Free federal file for all; $14.99 for state. Online tax preparation and e-file software. One-stop shop for all tax needs. Offers a free no-obligation consultation and a price protection policy.

How to choose the best tax debt relief company

ConsumerAffairs is not a government agency. ConsumerAffairs writers primarily rely on government data, industry experts and original research from reputable publications to inform their work. Offers free reports and analysis of your tax situation. Offers a free one-hour consultation.

Tax Law Firm vs. Tax Relief Companies

Before paying for professional tax relief services, verify that the company you’re using is legitimate and trustworthy. TaxRise is a newer company in the tax relief industry, but it has already helped clients resolve over $132 million in tax debt. Alleviate Tax Relief Services is a tax relief company specializing in federal taxes. The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers know their rights and can assist if you’re having trouble paying your tax debt. If you can’t pay your taxes, the IRS offers payment options — including payment plans and offers in compromise — depending on your situation.

You can discuss your tax debt situation and possible resolution options with a representative during a free discovery call. Alleviate Tax has helped people save up to 98% on their tax bills, including thousands in penalties, interest, and fees added to tax debts by the IRS. It provides services across all 50 states (and Puerto Rico) to those with more than $10,000 in tax debt. Its standout feature is a free consultation that includes an investigation into your IRS or state tax debt—a service many competitors charge for.

In some cases where a single company received the top score across multiple categories, the company with the next-highest score was named the winner. The company with the highest score in each category’s uniquely weighted formula was given the “Our pick for” designation. Information in this guide is general in nature and is intended for informational purposes only; it is not legal, health, investment or tax advice. The program provides expanded access to installment agreements, increased tax lien thresholds and more flexible OIC eligibility requirements.

Services include help with tax audit defense, offers top rated tax resolution firm in compromise, back taxes and penalty abatement. Charges flat fees for services and has flexible payment options. This program aims to make it simpler for taxpayers to manage their debt and avoid severe penalties. If this is a concern, ask your tax relief company for advice.

Limited Offers or Services

You can get your tax debt partially forgiven through an offer in compromise or another IRS tax debt forgiveness program, such as Fresh Start. Taxpayers can have their IRS tax debts partially forgiven under some circumstances. Tax relief companies often require minimum tax debts before they help with back tax issues — $10,000 is the standard minimum debt requirement. Tax relief companies can be useful for those drowning in tax debt. In some cases, the IRS will not settle or accept an OIC, and the taxpayer will be responsible for their full tax debt.

Although the time frame for the decision is shorter than competitors, it’s the simplest and most comprehensive guarantee we’ve seen. If not, the company will issue a full refund. After you sign an agreement, you have three days to decide if you’re satisfied with the results.

They say they’ll apply for IRS hardship programs to lower or even eliminate your federal tax debts. Tax relief companies advertise help for taxpayers in distress — in exchange for an upfront fee, which can be thousands of dollars. Legitimate tax relief firms will never guarantee a specific outcome, as only the IRS can determine what settlements or relief a taxpayer is eligible for.