Wednesday, May 18th
2022 Tax Relief Company Reviews
Direct Tax Relief
- Available to serve individuals and small business owners in all 50 states
- "A+' rated and accredited by the BBB
- In business since 2009
- Must have at least $10,000 in tax debt
Since 2009, Direct Tax Relief has worked with thousands of clients who owe a minimum of $10,000 in state or federal tax debt, negotiating owed amounts down by as much as 75% (or more). The company is "A+" rated and accredited by the Better Business Bureau and has a good reputation for trustworthy service. Direct Tax Relief is a name you can count on to give you a straightforward take on your tax situation.
97tax
- One-time fee of $97
- In business since 2017
- "B+" rated and accredited by the BBB
- 3 main services: IRS Payment Plan Applications, State Tax Payment Plan Applications, Tax Lien Removal Applications
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.
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The 10 Best Tax Relief Companies
Which Tax Relief Service is Right for You?
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.
Tax Relief Company FAQ
Continued from above...
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:
- Minimum Debt Required. It's pretty common for tax relief providers to require you to have at least $10,000 in federal tax debt to qualify for their help. If you don't have quite that much, or if your tax problems are at both federal and state levels, your options may be more limited.
- Fees. What will you pay to get tax relief? Most companies don't come right out and tell you how much it will cost until you've had an initial (free) consultation. Make sure that the fees and payment plans they recommend will give you a good value at the end of the process.
- Refunds/Guarantees. It's pretty rare to find a guarantee or refund policy, but some tax relief services offer them. That can provide some reassurance that you're not just throwing money out the window when you pay $300-$500 for the investigation phase of your case.
- Client Feedback. This is one of the most important criteria. Can the company show you success stories? How much tax debt have they successfully resolved? How many five-star ratings have they earned from satisfied clients?
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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