As the U.S. is still in the process of recovery from the economic downturn, taxpayers are more vulnerable to IRS problems and tax debt. To add to these troubles, an extensive list of so-called tax resolution companies are springing up, many of them misrepresenting their ability to offer tax help by overstating their staff’s professional skills, their ability to reduce IRS debt and offering 100% tax relief guarantees.
This month, another well-known tax relief firm is charged with unlawful conduct and misrepresentation. Houston-based TaxMasters, known for its national advertising campaigns is being investigated by the Texas Attorney General on counts of over 1,000 customer complaints and numerous violations of the Texas Deceptive Trade Practices Act. Accusations include failing to disclose details of service agreements, failure to contact and negotiate with the IRS on the client’s behalf and failing to stop bank account garnishments. TaxMasters is also accused of placing its customers on misleading installment payment plans, where the customer was made to believe they were receiving IRS tax help; however, their case was only looked at once paid in full. Clients incurred interest and additional fees for failing to meet certain deadlines, which would have been avoided if their case was handled when promised. Read the news article about TaxMasters: “Tax Resolution” company at center of state investigation.
Don’t make yourself a victim in these difficult and confusing economic times. There are many more options for tax-burdened taxpayers than ever before, but the key is in choosing a tax relief company that is ethical in its approach. This includes clearly stating the service you will be receiving as well as guidance throughout the process. It is essential to choose a tax relief professional that will be there throughout the tax relief process and be responsible and responsive to your needs, otherwise you could find yourself with extra fees for services not rendered in addition to your original tax debt, additional interest and penalties. Before choosing to seek out professional tax help, do your research. Here are some questions to ask before hiring a tax attorney or Certified Tax Resolution Specialist.
When to Get Out: If you are dealing with a tax resolution firm that is more concerned about when and how quickly you can pay them instead of how to best provide you with tax help, you need to walk out now.
At TRS, we conduct a thorough in-depth interview to see if the clients qualify for an IRS tax settlement. We offer transparency and offer realistic expectations for our clients in solving their individual tax problems. This ethical and honest approach to tax resolution has helped our team achieve a 99.7% client satisfaction rate in over 9,000 tax relief cases and an IRS tax settlement rate of $0.11 on the dollar. We have a success rate that’s second to none – having saved 52 million dollars in back taxes and IRS penalties since 1998.
Additional Fees? A popular tactic used by many firms in grabbing clients is neglecting to mention additional fees that may occur during the tax resolution process. For example, the Offer in Compromise can take up to 6-7 months and lead to the appellate court, which results in representation fees. At TRS we are upfront about our fees. At the client’s initial Free Confidential Consultation, we let them know exactly how much they will have to pay in total to achieve their tax resolution. We quote a fixed fee for our tax resolution services and will not allow a client to retain our services unless the taxpayer is a legitimate candidate for tax relief.
More Tax Help, IRS News and Tax Relief Tips:
- Settling IRS Tax Debt: What Taxpayers Don’t Know About Tax Resolution Could Hurt Them
- Michael Rozbruch Interviewed in Opportunist Magazine
- Last Minute IRS Tax Relief Tips for Filing 2009 Tax Returns and Resolving Back Taxes
- Five Tips to Resolving Payroll Tax Problems
- New Offer in Compromise Policies Bring Tax Relief
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