Monday, May 23, 2022

What Is The Best Tax Relief Company

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What Will It Cost You

Instant Tax Solutions – Best Tax Relief Companies

The best part about CuraDebts pricing is how theyve priced their service. They dont charge an upfront fee. Only pay when youve paid each of your debts.

They also dont have high-cost costs either. In the average, youll need to pay between 20 and 20 percent of the debt you settled through them.

In general, this type of industry charges from 15% to 25 percentage.

Additionally, customers can anticipate to settle their debts within two to four years. But, it also differs in relation to the amount you can save up per month.

They also claim that you could save as much as 30% when you factor in their charges into your calculation.

However, this statement will depend on your specific situation. Some customers have even talked about saving 50 to 80%.

Benefits Of Using Curadebt

Once youve got an understanding of what CuraDebt offers, lets explore the benefits of using CuraDebt.

In the beginning, CuraDebt will only charge you once youve paid off your debt. Furthermore, they only charge an amount of 20%, while many companies charge 25 percent.

Then, if youre done by the program for debt relief, you may also sign up for their credit restoration program.

Its a great option to rebuild your credit without having to go into debt again. However, the program lasts in a different way for each individual dependent on the circumstances of your case.

Finally, CureDebt looks into your debt so that they can assist in settlements and negotiations. It means that the amount you owe wont rise over time. Theyll also look into any violations by creditors with the assistance of their in-house experts.

Compare The Best Tax Relief Companies

Company Name
American Society of Tax Problem SolversNo requirementOperates in all 50 states, works exclusively with federal taxes
Flat-rate fee on a case-by-case basisMoney-back guarantee with no time limitNational Association of Tax Professionals and National Association of Enrolled AgentsNone listedOperates in all 50 statesOperates in all 50 states
Offers a monetary customer service guaranteeNot accreditedMinimum tax debt of over $10,000Operates in all 50 states
Flat-fee upfront14-day money back guaranteeMinimum tax debt of $10,000 but will accept lower amountsOperates in all 50 states
Free consultation and IRS transcript analysisNo guarantee
Fees varyFull refund available within 3 days, partial refund until documents submitted to the IRSAmerican Institute of CPAs ,American Society of Tax Problem Solvers , National Association of Tax Professionals and National Association of Enrolled AgentsMinimum debt of $5,000
Fees varyNo guaranteeAmerican Institute of CPAsNone listedOnly helps with state taxes in Michigan

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Check Out The Companys Background

First and most importantly, you should make sure that you are speaking with a reputable company with experience in the tax industry. Ask for the tax persons licensing information because dealing with an unlicensed tax person or salesman can end up costing you much more money with poor results.

Conducting a simple search on Google can help you to find more information about the background of the company, reviews and any complaints. You can also check the BBB rating, with an A being the ideal rating to look for. When dealing with sensitive financial information, you want to know that you are enlisting the help from experts that you can trust.

Can I Represent Myself Before The Irs

Unfiled IRS Tax Returns?

Yes, this is essentially what a taxpayer is doing when he or she does not hire a tax relief company. However, the advantages of hiring a tax relief company far outweigh those of representing yourself. In cases where the taxpayer will always lose, licensed tax professionals can still reduce or eliminate some of the tax debt owed.

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How Long Does Tax Relief Take

Working with a tax debt relief company in Lexington can take two to four years to resolve your tax debt, but some cases only take months or even days for simple services. Your timeline changes depending on how much you owe and how aggressively you pay down your debt. You may also qualify for tax resolution programs like innocent spouse relief that will help you pay your balance faster.

How Much Does Tax Relief Cost

The price of tax debt relief varies tremendously among providers. Some request a flat-rate payment upfront. Others charge a portion of the money you are saving by filing for tax debt relief or a percentage of your total tax debt. Others charge an upfront setup fee and then hourly rates, so the more complex your case and the more time it takes, the more you will pay.

Tax debt relief rates often may cost up to $8,000, with upfront setup fees ranging from $400 to $600.

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Our 7 Top Tax Relief Company Picks

To select our picks for the top tax relief companies, we first looked at customer reviews and ratings. To narrow down the 21 companies on this guide, we excluded those without at least 10 verified reviews on our site over the last year and with an overall satisfaction rating below 3 stars, leaving 16 companies.

The ConsumerAffairs research team then considered multiple factors, including cost, pricing structure, tax debt minimums and maximums, availability, tax solution offerings, accreditations and customer reviews. The companies below are highly recommended by existing customers and meet our criteria for availability and customer experience.

Fortress Tax Relief offers solutions for personal and business tax debts of $15,000 or more. These solutions include offers in compromise, penalty abatement, innocent spouse relief and tax appeals. Business-specific services include help with trust fund recovery penalties, should you be held personally liable for your companys failure to pay taxes. Fortress Tax Relief has licensed tax attorneys to handle every case.

While Fortress Tax Relief offers free consultations to discuss tax relief options for each specific case, costs depend on the type of case you’re dealing with. If you change your mind after your initial consultation, you can take advantage of its money-back guarantee within 24 hours.

Community TaxAnthem Tax ServicesLarson Tax ReliefJ. David Tax Law LLC

How Much Do Tax Relief Services Cost

Best Tax Settlement Companies – Settle IRS Tax Debt with a Tax Debt Forgiveness Program

Tax relief services can cost anywhere from a few hundred dollars to more than $10,000 depending on the severity of your debt, the specific circumstances surrounding your case, and the number of tax solutions the company will attempt on your behalf.

If you owe tens of thousands of dollars in federal or state tax debt or have significant business tax debt, it may be worth the money to hire a tax relief company. However, if your tax debt is less than a thousand dollars, it will probably be more cost-effective to tackle tax relief yourself rather than hiring tax attorneys or other tax professionals.

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Star Rating With Super Money

SuperMoney.com offers comprehensive personal finance information, powerful tools, and real money experts to help consumers win the fight for financial freedom. By simplifying consumer finance topics such as debt management, tax help, mortgages, and more, SuperMoney.com aims to help their constituents to Super Power their Finances.

Stopping Tax Liens And Levies

Most taxpayers dont typically understand the difference between an IRS lien and levy which in and of itself is a great reason to speak with a licensed tax relief specialist. In order to get either a tax lien or levy stopped or prevented, a close look at the facts and circumstances of your specific IRS Collection case should be given and compared to the options that the IRS Manual and Tax Code provide to taxpayers.

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What Can The Irs Do When You Have Tax Debt

If you cannot make necessary tax payments to the IRS, the agency can penalize you in several ways. Due to their tax debt, many taxpayers face:

  • wage garnishments
  • travel penalties
  • and more

If you still have not paid your balance after several years, the IRS can even turn your account over to a debt collection agency.

Not taking any action is the worst thing you can do in the face of tax debt. Trying to avoid the problem will only result in harsher penalties from the IRS, leading you to lose out on more money or assets as a result. If you’re facing tax debt, the best course of action is to look into the IRS’s tax relief programs or hire a tax relief company to negotiate on your behalf.

Tax Defense Network: Best For Business Tax Debt

What To Look For In The Best Tax Relief Companies ...

Business tax debt can add up quickly, and if your business is in debt to the IRS, you may fear you’ll never come up with enough money to pay it back. Tax Defense Network is an efficient tax relief company that specializes in business services and can help you minimize the amount you owe.

Tax Defense Network has been helping consumers with tax problems since 1997, so each employee has extensive tax industry experience. Even better, the company has received an A+ rating from the Better Business Bureau, along with numerous positive customer reviews.

To get started with its services, Tax Defense Network offers a free consultation to examine your tax information and how much money you owe. This consultation is obligation-free and will not affect your credit score.

Tax Defense Network offers several tax relief services for businesses and individuals, including tax settlement, tax negotiation, debt forgiveness, IRS appeals, and more. The company can assist you with both IRS and state tax debt and includes services for offers in compromise and innocent spouse relief as well.

In addition to its tax relief services, this company also offers tax preparation, bookkeeping, payroll taxes, and other tax return assistance for small businesses. Tax Defense Network can also help you through the IRS audit process and provide tax audit representation.

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Best Tax Relief Companies Of 2021

Best for Small Tax DebtBest for Money-Back Guarantee

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Service Fees

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

Full range of tax services from preparation to resolution

All 50 states

If you find yourself owing the IRS money without the ability to pay, its worth considering the services of credible tax relief firms. These companies can put together an action plan to clear your debt while assessing whether you could reduce any penalties you owe.

To help you find the most reliable options, weve researched numerous organizations and compiled a breakdown based on factors such as ratings, fees, reputation, and success rate. Discover the 6 best tax relief companies of 2021 below.

Best Tax Relief Companies To Appease The Irs In 2021

    Over 11 million Americans owe back taxes, and all indications point to that number growing in the future. If youre here, chances are youre one of them, and youve come to the right place. Heres a list of the best tax relief companies operating right now that can help you negotiate with the IRS.

    We ranked them based on things like their:

    • accreditations

    Right below, youll find a handy table where we summarized all their top features.

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    Acts Quickly On Client Files

    Another common complaint about tax relief companies is that they collect the initial payment from clients, only to sit on their file for months without any action.

    This is obviously an unacceptable practice given that the IRS will continue to take collection actions throughout this time, so this was another thing I looked at when evaluating tax relief companies.

    Youre Our First Priorityevery Time

    Best Tax Relief Company: It Shouldn’t Be a Surprise That the Most Experienced Tax Agency is the Best

    We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.

    So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.

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    How Does Tax Relief Work

    Tax relief companies employ tax experts, including tax attorneys, certified public accountants and enrolled agents, who serve as intermediaries between their clients and the IRS. These tax experts work with the IRS to find ways for clients to resolve their tax debt. IRS debt help experts can also help by negotiating tax relief programs, tax debt settlement agreements or tax debt installment agreements.

    Seek professional tax relief helpif you owe more than $10,000.

    The IRS offers several tax debt relief programs. Taxpayers can apply for tax relief from the IRS directly or hire a tax relief company to help negotiate on their behalf. If you owe a tax debt of more than $10,000, its smart to hire a tax relief professional who has experience negotiating with the IRS.

    When you work with a tax relief company, its professionals negotiate a tax relief program for you. Some IRS tax relief programs, like innocent spouse relief, remove improper tax liabilities. Others, like the release of wage garnishments, stop the IRS from seizing your wages or assets to pay back taxes.

    Tax relief companies use different types of contracts some tax relief companies require clients to sign a contract, while others don’t require signatures on any paperwork and let clients start and stop work at their discretion. Any contract you sign with a legitimate tax relief company should clearly define the scope of the work, the payment schedule and how youre billed.

    Helping You Stay Off The Radar

    Finally, no one likes to be caught in the sights of the IRS. When working with a credible tax relief firm, not only should the initial IRS problem be resolved, but you should also be given the knowledge of how to keep the IRS off your back going forward this is why the cause of the tax problem should always be addressed, and not just the symptoms. Most taxpayers would agree that not having to deal with the IRS in the first place would be the best case scenario.

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    Best For Experience: Optima Tax Relief

    • Rated a 4.85 out of 5 by our editorial team
    • Has resolved over $1 billion in tax debt
    • Must have at least $10,000 in tax debt

    Optima Tax Relief specializes in resolving and reducing IRS or state tax debt for individuals and businesses. The company has resolved over $1 billion in tax debt to date through its tax resolution services. These services include negotiating an installment agreement, penalty abatement, wage garnishment release, and more.

    How it works

    The companys website outlines a four-step process for getting your tax debt resolved.

  • Have a free consultation with an expert from Optima Tax Relief to discuss your tax troubles and learn more about the company and its services.
  • The investigation stage includes initiating client protection, establishing communication with the IRS or state, and determining your options. This process can take two to four weeks.
  • Once you and the team agree on a resolution to pursue, the team will establish IRS compliance and achieve the best resolution for you. This can take three to nine months.
  • Your case is closed, and you adhere to any agreements to remain in good standing with the IRS or state.
  • Costs

    Like other tax relief companies, Optima Tax Relief charges an upfront fee of $495 to begin the investigation phase. This is the only disclosed fee on the companys website, as each clients situation requires its own unique services.

    Customer satisfaction

    Benefits

    Installment Agreement / Payment Plan

    Best Tax Debt Relief Companies

    The IRS also offers installment agreements, which are plans that allow you to pay back taxes through regular payments within an extended time frame. While you may accumulate interest throughout your payment plan, this tax relief program takes some of the burden away from paying significant tax debt.

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    Finding A Favorable Solution

    Every tax problem is different. Its very rare you see the exact same case twice. Thats why we like to get to know each client, their business or work scenario and the intricate details of their tax debts and predicaments. Tax relief experts are there to find the most favorable solution to your tax debt problem so you dont pay the IRS any more than you absolutely have to. Not every taxpayer will qualify to pay less than 1% of their IRS tax debt , however every case does have a best case scenario. Its the job of a qualified tax relief firm to determine yours and then pursue it.

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