Tax Debt Relief: Beware of the Scams & How To Avoid Them

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Tax Debt Relief: Beware of the Scams & How To Avoid Them

by | Jul 10, 2021 | Blog | 0 comments

Many reputable tax firms provide legitimate and trusted assistance. But, the fact is that most taxpayers will not qualify for the tax debt relief that dishonest and untrustworthy companies advertise, as well as may not settle the tax liability and even deliver the required documentation to the IRS. In the worst-case scenario, the hefty upfront costs they are going to demand you will not be returned, leaving desperate taxpayers deeper in debt.

Signs of A Tax Relief Scam

  • Promises to significantly lower tax liability.
  • Promises to pay off interest and penalties.
  • Fails to analyze financial background at the outset.
  • Fails to inquire as to why the taxpayer owes taxes.
  • Preys on your apprehension about the IRS. 
  • Send unsolicited letters or emails stating that you are eligible for a government program to assist in paying off tax obligations.
  • Charges a high upfront fee, which is frequently equivalent to the amount of money shown on an asset inventory.
  • Uses delay tactics such as continually requesting the same papers, then finally informs you afterward that you no longer qualify for tax relief or that the IRS has denied your request or offer for a settlement plan.

How To Avoid These Scams?

  • Before you sign any contract or agreement, inquire about them first and review their return policy.
  • Examine the company for any issues and complaints and how they respond to them.
  • If you owe less than $10,000, you must file an Installment Agreement Request (Form 9465) with the IRS in person.
  • Employ only well-established, local businesses with Better Business Bureau accreditation, such as Tax Expert For America.
  • Inquire about how many attorneys, accountants, and CPAs are on the company’s payroll, as well as the number of salespeople they have.
  • Inquire about how their salespeople are compensated and whether they work on commission; many respectable firms will not hire a commission-based salesperson.
  • Read references, success stories, reviews, and client testimonials from the firm.

Unless the person is nearing death or unemployed and has no assets to repay the tax burden, the IRS seldom accepts a decrease in the amount of taxes payable. Taxpayers may only hope for more time to pay. Taxpayers can also request a payment agreement online in most circumstances.

Additionally, some of these firms may be unlawfully operating. Although some businesses charge a fee for their services, others may offer to collect money from a client and send it to the IRS to pay off tax liability.

For the most trustworthy and honest tax firm in the region, look no further than Tax Expert for America! Choosing us for all your tax needs is the best choice you will ever make! We specialize in all of the different aspects that surround tax law problems. We can help you prepare for the eventual contact with the IRS for your following needs:

For more information or talk to one of our friendly and professional tax experts, please give us a call today!

Schedule your free consultation today!