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Tax Relief Reviews

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CURADEBT

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.

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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.

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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.

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Tax Relief

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.

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!



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.

 



Tax Relief In The News

Homeowners can now enjoy 15pc tax relief

The tax relief at 15 per cent of gross emoluments will be extended to Kenyans aspiring to buy homes under the scheme, but will not exceed Sh108,000 per year. The amendment to the Income Tax Act, signe...

Published:  Wed, 18 Jul 2018 14:58:00 GMT



Uhuru signs law on tax relief for low-cost housing beneficiaries

President Uhuru Kenyatta yesterday signed into law a Bill creating a 15 per cent tax relief for Kenyans buying houses under the Affordable Housing Scheme. The President signed an amendment to the Inco...

Published:  Wed, 18 Jul 2018 14:28:00 GMT



David Watt: Claiming tax relief for museums and galleries need not be too taxing

In the context of ongoing uncertainty around cultural funding, the launch of a tax relief for museums and galleries is welcome news. A tax relief will never replace funding, and specifications and lim...

Published:  Mon, 16 Jul 2018 22:17:00 GMT



Beneficiaries of affordable housing scheme to get 15pc tax relief

President Kenyatta approved amendments to VAT Act to effect zero rating of ordinary bread, copra, linseeds and mustard seeds President Uhuru Kenyatta has signed into law a Bill creating a 15 percent t...

Published:  Wed, 18 Jul 2018 06:49:00 GMT



7th Pay Commission: How to claim tax relief for arrears

New Delhi, July 17: With the 7th Pay Commission recommendations being implemented, government employees are paid arrears of salaries and allowances with a retrospective effect. For the financial year ...

Published:  Tue, 17 Jul 2018 00:18:00 GMT



Low-income Detroiters can apply for tax relief, foreclosure prevention

DETROIT, MI - Detroit is taking steps to ensure more low-income homeowners can stay in their homes by inviting them to apply for tax relief and allowing people to buy back houses in foreclosure. As of ...

Published:  Tue, 10 Jul 2018 18:54:00 GMT



Tax relief for severe storms and flooding victims

Texas - Victims of severe storms and flooding that began on June 19, 2018 in parts of Texas may qualify for tax relief from the Internal Revenue Service. The President has declared that a major disast...

Published:  Tue, 10 Jul 2018 00:09:00 GMT



Vaughn Palmer: Public payroll tax relief tilts James' promise for level playing field

VICTORIA - After weeks of speculation, Finance Minister Carole James this week announced relief from the new payroll tax for public service providers like schools and hospitals as well as many chariti...

Published:  Fri, 06 Jul 2018 18:07:00 GMT




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