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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 and we are compensated for our reviews. Click here for details.

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 Resolution Services

TAX RESOLUTION SERVICES

Tax Resolution Services has a long history of assisting customers with their tax problems. An expert 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

3 stars
Limon, Whitaker, & Morgan

LIMON, WHITAKER, & MORGAN

Limon Whitaker & Morgan provides a straightforward tax relief fee structure that is based on the amount of outstanding taxes. However, many clients have reported customer service issues. 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 you’ve lost your job and are struggling to make ends meet, or maybe you’ve 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.

 

 

 

Cut pensions tax relief to 30pc for all, says minister
Pensions minister says tax breaks for wealthier savers should instead go to the lower paid
Publication Date: Wed, 16 Apr 2014 06:34:35 -0700

Do Budget pension reforms mean the beginning of the end for pensions tax relief?
Each fortnight in her exclusive blog for Money Observer , independent pensions expert Dr Ros Altmann will help you understand more about how pensions and savings work, and help you become a better-informed investor.
Publication Date: Wed, 16 Apr 2014 05:28:40 -0700

Pension tax relief should be 30 percent for all
Lower earners could be given bigger tax incentives for paying into a pension, while higher earners could see their relief cut, a government minister has claimed.
Publication Date: Tue, 15 Apr 2014 15:29:53 -0700

Pennsylvania Budget Secretary Certifies More Than $779 Million for Statewide Property Tax Relief
HARRISBURG, Pa., April 15, 2014 /PRNewswire-USNewswire/ --Budget Secretary Charles B. Zogby today certified that more than $779 million in gaming revenue will be available for property tax relief in 2014. The 2006 Taxpayer Relief Act established the Property Tax Relief Fund as a way to use gaming revenue to reduce property taxes for homeowners. The law requires the budget secretary to certify ...
Publication Date: Tue, 15 Apr 2014 11:50:00 -0700

Businesses reap big property tax savings under new plan
A CBC News investigation shows a property tax relief program for New Brunswick business created by the Alward government is proving to be far more expensive than a property tax relief program for seniors that was cancelled.
Publication Date: Tue, 15 Apr 2014 02:54:59 -0700

David Alward's property tax policy helping 60 seniors
A Progressive Conservative election pledge to deliver property tax relief to more than 60,000 New Brunswick seniors has instead helped only 60, a CBC News investigation shows.
Publication Date: Mon, 14 Apr 2014 18:00:28 -0700

Autumn statement: tax breaks for regional theatres
Consultation launched on extending tax credits to theatre, while threshold for tax relief on films is reduced from 25% to 10% The film tax credits that have attracted blockbuster productions Game of Thrones and Iron Man to Britain are to be extended to theatres under Treasury proposals. A consultation will be launched next year on tax breaks for Britain's theatres, with relief for commercial ...
Publication Date: Mon, 14 Apr 2014 15:03:47 -0700

Tax-relief scheme aided 1,000 investors last year
Employment and investment incentive project cost exchequer 12.4m
Publication Date: Sun, 13 Apr 2014 17:15:25 -0700

Minnesota Senate passes $100 million in tax relief
Senate measure focuses on business tax relief and sales tax breaks, but differs dramatically from the House.
Publication Date: Thu, 10 Apr 2014 15:22:39 -0700

Hutchison Whampoa Wins EU Court Bid for U.K. Tax Relief
Hutchison Whampoa Ltd. (13) won a bid for tax relief on losses by its U.K. mobile-phone unit after a ruling by the European Unions highest court added to the U.K.s fiscal woes.
Publication Date: Tue, 01 Apr 2014 01:44:03 -0700

Debt Consolidation USA Provide Tips To Solve The Top Financial Worries In 2014
Debt Consolidation USA publish an article that provide consumers with tips to help them solve the top financial worries in 2014.
Publication Date: April 16, 2014

Freedom Financial Network Negotiates Resolutions on $186.3 Million of Debt in First Quarter
Debt relief company helps consumers get out of debt, looks to hire 120.
Publication Date: April 16, 2014

 

 

 

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