When looking for a tax relief company or best tax relief companies, look for the following things: a money-back guarantee, accreditation from a well-known body, and the ability to represent you during an audit. Read on to learn more about these factors. Choosing a tax relief company is a big decision, and it is important to do some research first. Read on to discover some tips for selecting the right company for your needs. You can also get a free quote online.
Tax relief companies are accredited
Not all tax relief companies are accredited. Some may charge high upfront fees without explaining how they will reimburse you later. Another option is to hire a firm that will represent you with the IRS but will not charge you upfront for the initial analysis. Make sure your company is reputable and accredited by a professional association to avoid being ripped off by scam artists. Tax audits can be a stressful experience, and it’s essential to hire a tax relief firm that will explain your options and how the fees work. Make sure you understand the refund policy. If you choose a company without a refund policy, you could end up being charged an inordinately high amount, or you may be billed for a service you’re not satisfied with.
Choosing a tax relief firm can be difficult, but the benefits can be well worth the effort. A good firm will understand the intricacies of tax debt and negotiate with the IRS on your behalf. In addition, most companies will offer a free consultation. However, if your situation is complicated, hiring a tax resolution firm may be better. These companies are accredited by the IRS and will be able to help you get back on your feet faster and save you money in the process.
They offer a money-back guarantee
While most tax relief companies offer money-back guarantees, a few stand out from the rest. Anthem Tax Services offers a full refund of your payment for its tax audit representation and resolution services. They also offer small-business accounting services. The Tax Defense Network has been rated an A+ by the Better Business Bureau, which means they provide reputable tax solutions. A money-back guarantee from a tax relief company indicates that they have done a good job.
Consider hiring a tax relief company if you’re facing massive tax debt and can’t find the cash to pay it. Many of these companies offer a money-back guarantee to ensure you’re completely satisfied with their services. This is important because tax debt can be overwhelming, especially over a $10,000 limit. Tax relief companies will work with you to determine your options, plan a strategy, and negotiate a settlement with the IRS.
They represent clients during audits
A good tax relief company will help you deal with the intimidating IRS, ensuring you’re given the best possible chance of getting the debt paid off. These companies are adept at sorting through paperwork and identifying what options are available for you. They’ll be able to identify items the IRS missed and negotiate for a lower tax bill. Tax relief companies should also be able to explain their fees to you.
Most tax relief companies offer services for both individuals and businesses. Enterprise Consultants Group, for example, provides a broad range of business-related services, from tax accounting and payroll tax resolution to business licensing and registered agent services. They can also assist with other business needs that require professional assistance. In this way, you’ll have peace of mind knowing that you’re getting the best representation possible. And with so many options available, you’ll know exactly what to expect from your tax relief company.
They charge flat hourly rates
Not all tax relief companies are created equal. Some charge a flat hourly rate, while others charge a percentage of your tax debt. In addition, while some companies charge a flat hourly rate, others may charge a fixed amount for each service. For example, a basic tax assessment may cost several hundred dollars, while an installment agreement could cost upwards of $4,000. On the other hand, penalty abatement may cost only a few hundred dollars.
While tax debt can be stressful, there are many ways to get help. Many companies offer their services for a flat fee, but be wary of those with shady intentions. In addition, the IRS is the only agency to determine whether you qualify for one of their programs. Therefore, it is essential to find out your options before hiring a tax relief company. While you may feel more comfortable handling your tax matters yourself, a tax relief company can guide you through the process and help you get the best outcome.
They offer Offer in Compromise
If you want to get your debt under control, consider filing for an Offer in Compromise. This tax relief option is not for everyone, and it’s best to know if you’re eligible before starting. Check the IRS website’s pre-qualifier tool to find out whether you qualify. Answer questions like “Am I self-employed?” and “Have I filed all my required tax returns?” Then, you’ll be ready to move forward with an Offer in Compromise.
If you qualify for an Offer in Compromise, the IRS will reduce your debt by at least half. In addition, you’ll be able to negotiate with interest and penalties. To apply for an Offer in Compromise, you’ll need to submit Form 656 to the IRS and Form 433-A or Form 433-B from your collection agency. A good Offer from the Compromise tax relief company can help you file the necessary paperwork.
They offer a minimum debt requirement
Some tax relief companies have minimum debt requirements. For example, if you owe $10,000 in tax debt, you may want to avoid using a firm that charges a higher fee than you can afford. The minimum debt requirement is a good thing because it keeps the costs down. Tax relief companies can also help you with innocent spouse relief, business taxes, or bookkeeping. Dealing with the IRS is never fun, so a tax relief company can help you resolve the issue.
To find the right tax relief company, make sure the company has multiple solutions to your problems with the IRS. The IRS offers a variety of tax relief options, but most taxpayers are unaware of them. One of these options is offering in-compromise. The IRS allows taxpayers to settle tax debt for less than they owe in exchange for a reduction in the amount owed. The offer-in-compromise is often referred to as an OIC.
Read also: 4 Steps to File Your Small Business Taxes