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Tuesday, May 17th
Community Tax is a full-service tax company, offering both general tax preparation as well as tax relief and resolution at both state and federal levels. Over 100,000 clients have benefitted from this service, with more than $800 million in resolved tax debt since 2010. Community Tax goes so far as to refund your investigation fees if they can't lower your overall tax liability. You might pay a little less with a rival provider, but Community Tax's reputation and refund policy are good reasons to ultimately choose this tax relief service.
97tax charges a one-time fee of $97 to help you apply for an IRS tax payment plan, state payment plan (in a small number of eligible states), or to remove an IRS tax lien once your debt has been paid in full. While you could fill out and submit that application on your own at no cost, many clients appreciate the peace of mind that comes with having professionals oversee the process. The tax relief services here are very limited, so most taxpayers will likely wind up needing to choose a different provider. However, 97tax is worth considering if all you need is a bit of help with those three types of applications.
If you're behind on your tax payments or have past years where you didn't even file a return, you probably feel the pressure mounting. Unless you've come into money recently, you're thinking there's no way you can possibly pay off your tax debt while still keeping food on your table and gas in your tank, right?
Fortunately, you've got options you might not be aware of. At the federal level, the IRS offers the Fresh Start program that lets you settle your debt for a lower amount than what you actually owe through an Offer in Compromise. The amount that the IRS will accept depends on your household expenses, current income and assets, and your payment will usually consist of a lump sum upfront and then monthly payments for 6-24 months or in full within five months.
All this sounds great, but are you confident that you can accurately determine your eligibility, wade through the 32 pages of the IRS document explaining the program, and get it approved?
That's where tax relief services come to the rescue. These companies take the hard work out of your hands, securing power of attorney to step in and interact with the IRS on your behalf. The process typically has three stages: a free consultation to explore your specific situation, an investigation phase to determine the extent of your tax problems, and finally the resolution.
How much does it cost? You should anticipate fees ranging from $200-$500 for the investigation, and some of the top tax relief services will refund them if they determine they can't reduce the amount you owe. The resolution stage carries the largest cost, from $500 to $5,000 based on your total owed amount and the complexity of your case. It might seem like a lot to pay, but if you could reduce $100,000 in owed taxes down to just $10,000 (or less), wouldn't it be well worth the expense?
With so many companies offering tax relief services, how can you decide which one is the best fit for you? Keep these factors in mind as you look at your options:
To help you get out from underneath your tax burden, TopConsumerReviews.com has evaluated and ranked the most popular tax relief services available today. We're confident that this information will make it possible to get the assistance you need quickly and stress-free.
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