Best Tax Relief
      July 3, 2020

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  1. Optima Tax Relief
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  7. Delta Tax Relief

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Related Articles

Can the IRS Garnish Wages?

How To Choose A Tax Relief Agency

Protecting Yourself From Tax Relief Scams

Questions To Ask Tax Relief Agencies

Why Would The IRS Settle My Tax Debt?


Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Protecting Yourself From Tax Relief Scams

There are few things in life scarier than owing money to the Internal Revenue Service.

Taxpayers who are faced with a lien being placed against their property – or wage garnishment – can panic and find themselves being lured into scams designed to take their money without providing any tax relief.

Tax-relief scams run amok on the internet, where anyone with a smooth pitch and a fancy website can attract unsuspecting victims who are just looking for some help with back taxes. The only thing worse than owing a large sum of money to the IRS, is losing even more money to crooks that have no intention of actually helping you.

But for every tax-relief scam out there, a legitimate tax-relief service exists. The hard part is determining which is which. Let’s discuss a few ways to determine whether a company can really help you, or if they just want to help themselves to your money.

According to the U.S. Bureau of Consumer Protection, the biggest warning sign of a tax-relief scam is an agency which overstates its success rate. This can include a misrepresentation of the expertise and skills of staff members at the agency. Consumers should be wary of this type of approach, especially if an agency claims it can successfully help you before it has even seen the details of your case.

Another huge red flag is if the agency asks for money up front. These fees can amount to thousands of dollars. Agencies often claim these fees will be used to help secure a deal with the IRS, with a small portion going to cover their administrative costs. The IRS does not charge fees to work out a repayment deal, so anything paid to a firm like this likely will go directly into the agency’s pocket.

So what can consumers do to protect themselves from tax relief scams?

First and foremost, it is important to know the difference between a Certified Resolution Specialist and some guy sitting behind a desk, claiming to know what he’s doing.

The American Society of Tax Problem Solvers issues certifications for resolution specialists. It is a non-profit agency consisting of professionals who represent taxpayers before the IRS. It only gives certification to agents who are able to pass a written exam, provide evidence they have experience in the tax industry and be a licensed certified public accountant or tax attorney.

One option that can be used to provide tax relief is through an installment agreement. This allows the taxpayer to repay back taxes in pre-determined payments.

Another option that can be utilized is what’s known as an “Offer in Compromise” (OIC). 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. 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.

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Advocates for landlords say they need tax relief from D.C. to survive the pandemic. Advocates for tenants say only a rent cancellation will help avoid a spike in evictions. Who will the D.C. Council ...

Published:  Thu, 02 Jul 2020 10:14:00 GMT

Lujan Grisham signs tax relief bill into law

A New Mexico tax relief bill signed into law Monday by Gov. Michelle Lujan Grisham will temporarily suspend interest and penalties on unpaid taxes, provided tax payments are filed before 2021 ...

Published:  Tue, 30 Jun 2020 02:55:00 GMT

COVID relief: 6 tax deadline extensions you must know about

The Income Tax (I-T) department has revised the due dates for filing tax returns, making tax-saving investments and Aadhaar-PAN linking. This is the third round of extensions announced to alleviate ...

Published:  Thu, 02 Jul 2020 22:13:00 GMT

Kansas City, Kansas residents want tax relief. The pandemic may give them the opposite

I have no problem going out and telling the public that we need more revenue in order to provide quality services for our residents," Mayor David Alvey said.

Published:  Tue, 30 Jun 2020 13:15:19 GMT

Here are the most important coronavirus-related federal tax relief measures to know ahead of the July 15 tax deadline

Finally, the IRS has graciously postponed some federal tax payment deadlines and some federal tax return filing deadlines. Thank you for that, but we think there's more that nee ...

Published:  Tue, 30 Jun 2020 06:48:00 GMT

Council's property-tax relief bills don't go far enough, landlords say

Long-awaited tax relief could finally be granted this year for some small-property owners in New York City. Last week the City Council passed two bills for owners who can document income or ...

Published:  Mon, 29 Jun 2020 10:30:00 GMT

Hillsborough property appraiser proposes Covid-19 tax relief measures, task force

His proposal includes reducing the tax impact equivalent to the number of days a business was closed due to government orders.

Published:  Wed, 01 Jul 2020 10:27:00 GMT

Investors Must Disclose Advice History In Tax Relief Suit

A group of investors suing financial advisers, accountants and banks over their alleged role in a failed film tax relief scheme operated by Ingenious Media must disclose other investments they made ...

Published:  Thu, 02 Jul 2020 12:04:00 GMT

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