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      February 5, 2016
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Tax Relief
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Tax Relief has become a focus for many people all across the country. Challenging economic times have dramatically increased the number of people with outstanding tax debts. The stress of owing the IRS and state tax authorities can be overwhelming, and threats to seize assets or garnish wages can only compound the seriousness of the situation.

Get Tax Relief With CuraDebt Today! Tax relief companies are often an effective solution to help people get out of their serious tax problems. Tax Relief companies work with their client's outstanding tax debts and in some cases can significantly reduce their tax debt. An expert tax relief company has many options available at their disposal, including validation of tax debt and negotiating with the IRS and state tax authorities in order to reduce the overall tax burden.

A number of different tax relief companies exist today that offer to work with people to reduce their tax debt. However, finding an effective and reliable tax relief company is easier said than done. Before choosing a tax relief service, you should consider a number of factors:

  • Reputation. How long has the Tax Relief company been in business? Are they a member of the Better Business Bureau or other 3rd party rating organization? Do they have a solid reputation of serving their customers?
  • Fees. What does the Tax Relief company charge for their services? When can you expect to be billed?
  • Process. What can you expect as far as resolving your tax problems? Is someone available from the Tax Relief company for questions and issues?

TopConsumerReviews.com has reviewed and ranked the best Tax Relief companies in business today. We hope these reviews help you find the right tax relief company to get your finances back on track!

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

2016

Tax Relief Reviews

5 stars
CuraDebt

CURADEBTTopConsumerReviews.com Best-In-Class Blue Ribbon Award

CuraDebt is an excellent tax relief company. Their tax team has over 60 years of combined experience successfully assisting clients with all of their tax and debt problems that total $10,000 or more. They are experts with tax laws and have a strong attention to customer service. Read More... Visit
Site

4.5 stars
Community Tax Relief

COMMUNITY TAX RELIEF

Community Tax Relief has only been in the tax resolution business for 3 years but has a strong staff of experts. We liked the professionalism of this company, strong BBB rating and two-step process to resolving outstanding taxes. Read More... Visit
Site

4 stars
Tax Defense Partners

TAX DEFENSE PARTNERS

Tax Defense Partners has a good reputation of assisting customers with their tax problems. A quality staff, case manager assignment, and focus on the client helped them stand out. Read More... Visit
Site

4 stars
National Tax Relief

NATIONAL TAX RELIEF

While the National Tax Relief website is aged and unimpressive, this company has more than 15 years of successful tax relief history. Their industry knowledge, professional customer service team and history of IRS negotiating makes them stand out from other companies. Read More... Visit
Site

3.5 stars
Freedom Tax Relief

FREEDOM TAX RELIEF

Freedom Tax Relief works with clients that have $10,000 or more of outstanding tax debt. They have a good history of helping clients, but they're a little less transparent than we found with those ranked higher. Read More... Visit
Site

2.5 stars
911 Tax Relief

911 TAX RELIEF

911 Tax Relief is big on promises and provides an unprofessional, flashy website. The company states they charge clients accrued fees before explaining the estimated fees. We felt that customers should have access to upfront costs before doing business with this company. Read More... Visit
Site

1 star
Finance Calls

FINANCE CALLS

Finance Calls immediately created concerns for us. Tracking down the history of the company was a challenge and we saw red flags at every turn. Read More... Visit
Site

What Is Tax Relief And How Do I Qualify?

At some point in time in your life, you may find yourself in need of tax relief. Maybe youve lost your job and are struggling to make ends meet, or maybe youve experienced an unforeseen medical issue that has drained what little bit of money you managed to put aside in savings.

Whatever the reason, tax relief exists to help those who need it most. That relief extends to monies owed to the Internal Revenue Service.

The Internal Revenue Service itself has established numerous tax-relief programs designed to assist taxpayers who have become delinquent in what they owe the federal government.

One of the most popular tax-relief programs the IRS offers is called an Offer in Compromise.

An Offer in Compromise, also known as an OIC, allows taxpayers to settle their debt for less than the full amount that is owed if they can prove that paying in full would cause a financial hardship for them. The Internal Revenue Service has loosened the eligibility requirements for the OIC program, so that more people can take advantage of it.

Qualified candidates for this option must meet specific criteria as determined by the IRS, and must provide documentation supporting their ability to pay, income level, current expenses and asset equity. Anyone who currently is in the process of bankruptcy does not qualify for this option. According to information provided by the IRS, it received nearly 60,000 requests for Offer in Compromise agreements within the last four years.

Another popular course of action is for taxpayers to enter into what is known as an installment agreement with the IRS. Taxpayers who agree to an installment repayment plan are seen as being in compliance, and the IRS is less likely to take a harsher course of action to recover back taxes. The only downside to an installment plan is that interest continues to accrue on the total amount owed while taxpayers are making payments, similar to what happens when a person makes only the minimum payment on a full credit card balance.

Another option which is reserved only for those who truly qualify is called the Currently Not Collectible program.

In order to qualify for this program, taxpayers must be able to prove to the Internal Revenue Service that paying any owed taxes would create an extreme hardship for the taxpayer. The taxpayer must show that they are unable to pay the taxes owed now or in the future. If this is an option you wish to pursue, it is best to seek out the help of a qualified tax professional to guide you through the process.

The IRS has a form specifically for this purpose, called the 433-F. Following a review of the information provided on the form, the IRS can grant the Currently Not Collectible status, which will be reviewed every year. After 10 years, if the IRS still deems the taxpayer to be qualified for this status, it will become permanent, and annual reviews will cease.

Contacting a qualified tax relief agency can be a great first step to identifying the best course of action to take for individuals who find themselves in need of tax relief. They have the knowledge and experience to determine the best course of action unique to each individual.

 

 

 

UK Games Tax Relief fund of £730m 'revived' industry in 2015 says trade association TIGA

The UK videogames industry received a total of £728.9m from the government's Games Tax Relief (GTR) fund last year, helping to create 237 new projects at an estimated five-year UK economy contribution of £1.11bn. The cash boost, claims trade association ...

Published:  Fri, 05 Feb 2016 03:42:00 GMT



Property tax relief proposal questioned; lawmakers debate liability in police chases

Gov. Pete Ricketts testifies on his property tax relief plan (Photo by Fred Knapp, NET News) Prop tax relief proposals unveiled; Ricketts defends skipping Obama visit Property tax breaks for homeowners and renters; easier welfare and food stamp ...

Published:  Thu, 04 Feb 2016 16:05:00 GMT



NAJ, PSOJ welcome Holness' tax relief plan

REPRESENTATIVES of at least two stakeholder groups are greeting a commitment given by Opposition Leader Andrew Holness that a Jamaica Labour Party Administration would increase the income tax threshold to $1.5 million, in an effort to ease the burden on ...

Published:  Thu, 04 Feb 2016 22:47:00 GMT



Jamie Jenkins: flat rate of tax relief would still incentivise saving

Auto-enrolment (AE) would not be undermined if the Chancellor introduces a flat rate tax incentive in next month's Budget, according to Standard Life's Jamie Jenkins. Speaking today at the annual Trades Union Congress (TUC) conference on pensions, the ...

Published:  Fri, 05 Feb 2016 03:47:00 GMT



Decatur To Push For Senior Tax Relief This Legislative Session; Promises To Revisit Annexation Later This Year

The City of Decatur sent out this note to press - and me! - this morning" The City of Decatur's primary interest during the 2016 Georgia General Assembly session is to support the passage of homestead exemption legislation amending and creating tax ...

Published:  Wed, 03 Feb 2016 10:05:00 GMT



No regrets: Swift action needed before tax relief changes

Is it better to pre-empt potential pension tax relief changes or wait to see what the Chancellor decides? Les Cameron weighs the options Potential changes to the current pension tax relief system have been widely reported, with most predicting a move to ...

Published:  Mon, 01 Feb 2016 03:58:00 GMT



A flat rate of pension tax relief will be 'economically incoherent'

George Osborne once proclaimed that he wanted a simpler tax system. He has not delivered. Like all Chancellors of the Exchequer since 1989, he has made the tax system much more complicated and, in many respects, more economically incoherent. Whatever else ...

Published:  Tue, 02 Feb 2016 16:00:00 GMT



New film tax relief set to attract more projects

The makers of a new Pierce Brosnan film were the biggest beneficiaries of the Government's new tax relief for movie and television productions last year. According to figures provided by Revenue, the production firm behind I.T., which was shot in Dublin ...

Published:  Wed, 03 Feb 2016 16:46:00 GMT



Cherie Blair steps into landlord mortgage tax relief battle as her legal firm claims Chancellor's move breaches human rights

A legal campaign to fight 'unfair' mortgage tax relief changes for buy-to-let landlords is stepping up a gear today as Cherie Blair MBE QC throws her weight behind the battle. The changes, likely to hit Britain's army of small-scale landlords hardest, were ...

Published:  Mon, 01 Feb 2016 14:17:00 GMT



 

 

 

Get Tax Relief With CuraDebt Today!

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