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CuraDebt is a longstanding winner when it comes to tax relief. The representatives on their tax team have over 100 years combined experience in resolving tax issues, helping those with debt or tax issues of at least $10,000. They are particularly skilled at working with the IRS, giving them an in-depth knowledge of tax laws. And, their reputation for customer service is flawless. CuraDebt is our first choice among services offering tax relief.
Optima Tax Relief is very customer-focused, as one of the only tax relief providers that offers any kind of satisfaction guarantee. As an award-winning, BBB-accredited service, OTR can help you reduce your tax debt through services like Tax Settlement and ending penalties and interest. Their strong reputation makes them a service worth considering for your tax relief process.
For more than 10 years, Direct Tax Relief has helped clients with at least $10,000 in state and federal tax debts to greatly reduce their amounts owed. They've got a strong history of great customer service, making it possible for customers to get tax relief without ever having to meet with or speak to the IRS directly. This is a good provider of tax relief services.
Tax Relief Inc. has been in business since the 1980s and can help you with your tax debts at both state and federal levels. They're not a big name in the industry, but they have an amazing reputation: an "A+" at the BBB, along with glowing client reviews. If you like working with smaller businesses because of the personalized attention you receive, this could be the tax relief service for you.
Tax Defense Partners focuses solely on tax relief, and their consultants are extremely knowledgeable with all situations regarding tax debt. The company continues to enjoy an "A+" with the Better Business Bureau. But, TDP's representatives only seem to acknowledge positive reviews, leaving us wondering if the customers leaving complaints ever got a resolution to their issues.
Fidelity Tax Relief is a relative newcomer to the tax debt service industry, with just four years on the market. They offer the usual spectrum of tax relief strategies, from Penalty Abatement to Installment Agreements and more. While their initial rating with the BBB is excellent, their lackluster responses to customer complaints leave room for growth.
Freedom Tax Relief focuses on IRS tax debts and may not be able to help you with state or local tax relief. Also, the company appears to now be a part of a larger group, Freedom Debt Relief. Unfortunately, this larger group had a pending legal action at the time of our review, along with thousands of complaints registered with the BBB despite an "A-" rating there. We recommend that you look elsewhere for tax relief services.
Delta Tax Relief is one of the newest tax relief services in our review. Despite a seemingly solid "B+" rating with the BBB, Delta's questionable customer reviews and website full of typos and poor grammar may leave you feeling like you're not working with a professional provider of tax relief. You'll be better served by a company with a more established history, especially when dealing with such a sensitive issue as tax debt.
Best Tax Relief Companies
Who has the best Tax Relief? What can you do if you owe more taxes than you can possibly pay in a reasonable amount of time? That's a question many Americans are struggling to answer. As inflation rises and tax burdens increase, more people have tax debts owed to the US government and to state/local tax authorities. It goes without saying that having wages garnished and assets seized only adds to the stress felt in that situation.
Tax relief services provide a lifeline for those who have serious tax issues. Companies that specialize in tax relief work with clients to determine their financial obligations and legal ways to reduce what they owe. These services can negotiate with the IRS and state tax authorities, obtain an Offer in Compromise, structure payment plans, and much more - offering tax relief by reducing their clients' overall tax debt.
How can you select the tax relief company that's right for you? Most offer free initial consultations and provide the same services, such as filing late taxes and removing levies and garnishments. However, there are several criteria you can keep in mind as you decide which tax relief provider will ultimately earn your business.
Some things you need to consider include:
TopConsumerReviews has reviewed and ranked the best Tax Relief companies available today. We hope these reviews give you the information you need to choose the best tax relief service to help you get your finances in order!
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
Carolinas' Coast Line Recovers From Hurricane Florence, As Storm Continues To Pour Heavy Rain On The States2018 Getty Images The Internal Revenue Service (IRS) has announced tax relief for victims of ...
Published: Sat, 15 Sep 2018 11:42:00 GMT
Democrat Ned Lamont has come down hard on his GOP rival for proposing unprecedented tax relief with no plan to pay for it. But Wednesday, Lamont unveiled a jobs plan centered on three business tax ...
Published: Wed, 19 Sep 2018 14:49:00 GMT
On September 6, the Internal Revenue Service ("IRS" ) released Revenue Procedure 2018-47 (the "RIC Rev Proc" ) which provides that, a repatriation deemed to have been received by a registered investment ...
Published: Fri, 21 Sep 2018 14:03:00 GMT
Nebraskans desperately need property tax relief. Over the past ten years property valuations on agricultural land have increased 252 percent statewide and taxes have increased 162 percent. Meanwhile, ...
Published: Sat, 15 Sep 2018 23:00:00 GMT
Nebraska's long list of state sales tax exemptions was identified Thursday as the best potential revenue source to help fund substantial local property tax relief during a legislative forum ...
Published: Thu, 13 Sep 2018 13:30:00 GMT
With the cleanup from Hurricane Florence just beginning for many residents of North and South Carolina, three congressmen want to provide storm victims with tax relief. Rep. George Holding of Raleigh ...
Published: Thu, 20 Sep 2018 13:11:00 GMT
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