Consumer Affairs. Stop IRS Debt, based in Encino, California, has been in business since 2001. "Community Tax LLC." Tax relief companies help Cleveland residents with tax debt by negotiating with the IRS to arrange manageable payments or a settlement. It can assist you with filing your state and federal tax returns and it'll check everything over carefully before it submits your taxes to help reduce your risk of an audit. If you owe a large sum, especially if you’re being audited, file from overseas, or have a complex tax debt situation, you will greatly benefit from having seasoned tax professionals scrutinize your tax returns. Ultimately the choice is yours. Average prices range from $2,500 to $3,500, although pricing depends on the complexity of the case and the amount of taxes owed. Any reference in this website to third party trademarks is to identify the corresponding third party goods and/or services. Debt.org. "Tax Defense Network Review." Freedom Tax Relief focuses on IRS tax debts and may not be able to help you with state or local tax relief. If you’re already being subjected to liens or levies, a tax relief service can significantly reduce the time it takes to restore full access to your accounts and property. Companies confident of their services will not shy away from offering generous guarantees of the results they provide. Offers a free initial consultation. Many of the IRS programs available for businesses and individuals who owe more than $10,000 are just not available. So, it’s important to be skeptical of any company that asks for a large upfront fee or refuses to provide a free consultation. Larson Tax Relief has made business tax their specialty, with tailored services for clients across all fifty states. Human Resources Software for Small Businesses. Accessed December 3, 2020. All of these services have experience with typical debt scenarios, both for individuals and businesses alike. "SOI Tax Stats - Delinquent Collection Activities - IRS Data Book Table 16," Download "2018." Confirm what options are available to you, but most importantly, request price details and choose a service with a money-back guarantee. Better Business Bureau. You can learn more about the standards we follow in producing accurate, unbiased content in our, We publish unbiased reviews; our opinions are our own and are not influenced by payments from advertisers. If you qualify for Currently Not Collectible status, the IRS will stop collection efforts and won’t garnish your wages or put a levy on your bank account. Partners may influence their position on our website, including the order in which they appear on the page. We reviewed dozens of tax debt relief companies to find the five best that you can trust to help settle your IRS tax debt. The company’s password-protected client portal makes it easier for taxpayers to check the status of their case with Optima Tax Relief and helps put Optima at number 3 on our list of best tax debt relief companies, offering a superior user experience. They have organized, dedicated sections on back tax solutions, common tax scams, deductions, recent IRS notices, tax facts, tax forms, and tax terms. Taxpayers can submit an Offer In Compromise, which is essentially an offer to pay a certain amount of money over a specified period of time in satisfaction of your tax debt. Average fee of $4,000. Accessed Sept. 17, 2020. We know that time is of the essence, but before making a decision, make sure to explore your options and compare. Optima’s prices start at $495 for assistance with tax relief, but that would be for a very simple case with a quick resolution. Many people fall into tax debt because they don’t realize how much they owe due to filing errors or incomplete bookkeeping records. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. The total dollar amount equaled $131 billion in tax debt, including penalties and interest that year.. They’ve consistently proven themselves efficient at solving their customers’ tax problems. Instant Tax Solutions has an unmatched reputation for offering personalized service and receives top rankings and reviews all across the web. Can the IRS take your house? Tax relief companies should have a staff of experienced tax attorneys, CPAs and enrolled agents to investigate your case and negotiate with the IRS or Georgia Department of Revenue on your … And remember, the faster you get tax relief … Make sure you deal with a reputable company with credentialed employees. Some negotiations, such as Offers in Compromise, attempt to reduce the total amount owed. Some request a flat-rate payment upfront. They are well versed on the tax code, which gives them a strong understanding of the debt or problem you are facing. To compile our list of the best tax relief companies, we reviewed dozens of tax debt relief firms, combing through consumer reviews and company websites, and analyzing credentials, certifications, and Better Business Bureau listings. Accessed Sept. 17, 2020. "Tax Debt Relief." No tax relief service can guarantee a specific outcome. TDN is owned by MoneySolver, a national financial firm, and is one of the most well-known names in tax debt relief. Accessed Sept. 17, 2020. If the company won’t name a single employee or publishes little or no information about the services it offers, it may well be a scam. Some companies … If you have any specific questions while considering which product or service you may buy, feel free to reach out to us anytime. Some also offer to advocate … Unlike other companies on this list, Stop IRS Debt can help businesses and individuals with as little as $5,000 in tax debt. Better Business Bureau. Reputable tax relief companies are hard to come by, but Precision Tax Relief rose to the top in nearly every aspect of our analysis. Tax debt solutions include offers-in-compromise, installment agreements, and innocent spouse relief. The tax experts at a relief agency can help you navigate this process successfully. Supermoney. Anthem Tax Services is the only company offering a 100% money back guarantee if they “can’t put you in a better position than where you started.” This is definitely a bold statement that shows strong confidence in the services they offer. However, there are many legitimate and honestly helpful tax relief services out there. Many companies advertise full money-back guarantees, but they will still collect partial payment associated to research services before issuing your refund. Others, like a Currently Non-Collectible status, ask that your debt be forgiven based on your inability to pay. The company can help with state or federal taxes. You need a tax relief firm that has a solid reputation, provides a free initial consultation, and has certified tax experts on staff (preferably tax attorneys). … A deep understanding of taxation law and practices is fundamental when dealing with state or federal tax authorities. The highest tier, the Professional Plan, seeks to assist self-employed individuals and 1099 contractors with tax services, audit defense services, and bookkeeping. Most companies will offer free consultation. The best tax relief companies … For one, their business practices and ethics. It’s likely the company will not be able to have IRS penalties, fees, and interest charges waived. If you aren’t happy with the service you receive, you can cancel for a full refund within three to 10 business days, depending on the rules for the state where you live. This is crucial in order to select the service that best fits both your budget and expectations. Does an excellent job handling unfiled back taxes. But dealing with the IRS is scary. A tax debt relief firm can handle the stressful process of negotiating with the IRS on your behalf. Tax debt relief rates typically range from $2,000 to $8,000, with upfront setup fees ranging from $200 to $750.. They offer bookkeeping and back tax filing services for drivers who are owner-operators. We’ll say it again: no tax relief service can guarantee to eliminate your tax debt or to cut it by a certain amount. The best way to ensure you’re working with a reputable tax relief company is to look at online reviews and testimonials, and make sure the staff consists of licensed tax attorneys. Accessed Sept. 17, 2020. Some think they can avoid filing taxes and it won’t catch up with them. Tax law is notoriously complex. "Offers In Compromise." Make sure to weigh your options to make sure that the solution being offered won’t leave you further in debt. And most importantly, how do you know which service is best for you? Consumer Affairs. A fundamental aspect of tax relief services is their ability to favorably resolve debt situations. In 2018, the IRS filed 410,220 federal tax liens and 639,025 notices of levies. Our review takes into consideration these limitations, as well as the fact that no service can guarantee a particular outcome. The price of tax debt relief varies tremendously among providers. In 2017, the IRS accepted just over 40% of all offers in compromise. But Investopedia estimates that fewer than 10% of consumers who work with tax debt relief firms get full satisfaction. Then the tax experts will help you explore your options for tax debt relief. However, tax debt relief companies know the exact forms to file and what to say when they negotiate on your behalf. A reputable business will offer a free consultation and won’t make any promises or guarantees to solve your tax … It's not a service everyone will be interested in, but if you have tax debt and you still need to file taxes for the year, it makes sense to work with a single company for all of this so you can have a cohesive strategy. This makes it hard to determine what makes one service better than another. Tax debt relief companies work by communicating with the IRS or state and negotiating agreements on payments and back taxes, which are any accumulated tax debts from previous years. Tax returns may cost just a few hundred dollars, while simple tax resolution services range from $1,500 to $2,500. Accessed Sept. 17, 2020. They publish professional profiles of their staff and identify their roles within the company. Larson Tax Relief handles unfiled tax returns, including 1040 Personal Taxes for sole proprietorships and single-member LLCs. Again, the exact assistance you need will depend on your circumstances, but Tax Resolvers can help you figure out your best move if you're not sure. The Federal Trade Commission has even received complaints that some tax relief companies have made unauthorized charges on top of the upfront fees. Should I negotiate directly with the IRS? Proper tax relief solutions assess your debt situation in relation to your current financial situation. This could account for its negative reviews, as the IRS is less likely to negotiate with taxpayers who owe less than $10,000. Many tax debt relief firms advertise that they can reduce or eliminate tax debt, penalties, and late fees. A handful of negative reviews stated that the company did not resolve their tax debt and also did not return calls, although these taxpayers did not say how much they owed the IRS.. The agency seized the property of 275,000 taxpayers. Most tax relief companies focus on helping people resolve debts. It has been in business since 2011 but was only accredited in 2017.. This is also true when you owe money to the IRS. The tax relief companies that stood out above the rest are Community Tax, Optima Tax Relief, Tax Defense Network, Anthem Tax Services, and Instant Tax Solutions. If a tax relief service negotiates my case and the IRS still won’t grant me a tax relief, will I get my money back? If you’re looking for tax relief services, you’ve probably already received some form of communication from tax authorities and are looking to tackle your pending debt. Don’t fall for it. Only the IRS or a state comptroller can make the final determination whether you qualify for tax relief. The IRS may decline your application for tax relief if you fail to fill out the paperwork properly or miss paperwork. Enrolled agents can negotiate to resolve IRS or state tax seizures such as 1058, CP 90, CP 91 and CP 504, as well as accounts receivable levy enforcements, tax liens, and other conflicts with a revenue officer. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. TDN charges a flat-rate fee and will not work with customers who owe less than $10,000 in tax debt. Unless you have considerable experience with taxes or have expertise with tax law, you will greatly benefit from hiring tax relief experts with a clear understanding of the U.S. tax code and Internal Revenue collection procedures. Does the company show longevity? Tax relief services offer professional representation for people with tax problems. The services offered by Tax Relief Inc. are what you would expect from a reputable provider of tax relief: working with the IRS and state/local governments to renegotiate your tax debt, … The FTC recommends that any time you’re having trouble paying bills, it’s often better to negotiate directly with creditors yourself than paying an intermediary to negotiate for you. Accessed Sept. 17, 2020. Unlike many of the other tax debt relief companies reviewed, Stop IRS Debt shared pricing estimates on its website, which is why we chose the company for best value. The 5 Best Tax Relief Companies … They offer bookkeeping and can resolve issues regarding reports of corporate income, excise taxes, employee wages, and payroll tax withholdings. For example, when company ranking is subjective (meaning two companies are very close) our advertising partners may be ranked higher. Tax relief companies rely on their extensive knowledge of tax laws and established relationships with IRS agents to help taxpayers resolve unpaid tax debt. Debt.org. Others neglect to address their customers’ questions and complaints in good faith. "Stop IRS Debt." If you don't click the links on our site or use the phone numbers listed on our site we will not be compensated. The vast majority of issues are resolved in a professional and timely manner. Listen to different relief strategies. Like the other companies on our list, Anthem Tax Services offers tax debt relief, tax filing, and back taxes, as well as tax preparation. So what makes a company stand apart from others? However, the company usually doesn’t work with taxpayers who owe less than $10,000 in tax debt. "Anthem Tax Services." "Find the Best Tax Relief Companies." Tax relief services are built upon existing tax law provisions, which doesn’t leave much room for innovative procedures and practices. 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