Best Tax Relief Reviews of November 2022
If you’re struggling under the weight of massive tax debt, you’re not alone. Fortunately, there are professional help options available for those who owe thousands of dollars to the IRS. Don’t let your tax debt become a stressful burden and cause you to make bad decisions– get the assistance you need to get back on track.
The Best Tax Relief Companies Based On Our Research
It can be extremely stressful to owe a large sum of money in taxes, especially if you are struggling financially. However, there is tax professional help available for those who owe thousands of dollars to the IRS. With the proper assistance, you can get your tax debt under control and start fresh.
Many tax relief companies can help you with payment options and negotiate with the IRS or state tax agencies. They can help you set up a payment plan, or get “currently not collectible” status, which pauses collections during times of financial hardship. A company that offers tax relief services should have experienced tax attorneys who have a thorough understanding of tax law and the ability to negotiate with the IRS on your behalf to achieve a reduced settlement rate.
There are many tax relief companies out there, but how do you know which one is the best tax relief company for you? There is, however, a wide variety of tax relief companies available. We have reviewed the top tax relief companies of 2022 to assist you in choosing a trustworthy company that meets your needs. Here’s a guide to help you find the best tax relief company for your needs, based on availability, cost, and consumer reviews.
Anthem Tax Services
Anthem Tax Services’ full money-back guarantee means that you will get all your money back if we they unable to reduce or eliminate your tax debt. This is one of the best tax relief guarantees in the tax relief industry and ensures that you are protected against any potential losses which makes Anthem Tax Services one of the best tax relief companies out there.
Anthem Tax Services understand the challenges that come with IRS tax debt. They offer a variety of tax relief programs to help you get back on track, including offers in compromise (OIC), innocent spouse tax relief, and “currently not collectible” status. Their corporate tax preparation services can also help you save money and avoid potential problems down the road. It is noteworthy that they also assist clients in filing for wage garnishment and tax levy release, services that are not commonly provided by their competitors.
Anthem Tax Services offers a money-back guarantee that could help you get your finances back on track. Depending on your case, their initial investigation fee starts at $275 – but if they’re unable to secure any sort of resolution from the IRS, whether it’s a reduction in payment amounts or tax debt forgiveness, you’ll get your money back.
Anthem Tax Services offers free consultations to customers with tax debt as low as $7,500. They charge a flat rate fee upfront, which can vary per customer but generally starts around $3,000. If additional services are required, the price may change.
Community Tax is one of the best tax relief companies in the industry. In addition to free consultations, Community Tax provides an affordable investigation fee of $295.
Community Tax relief services specialize in helping people resolve their tax debts, whether it’s through an installment agreement or an offer in compromise. While Community Tax doesn’t offer assistance for innocent spouse tax relief, they may still be able to help you get your taxes under control.
Looking for a tax relief company that can offer bilingual assistance? Community Tax is one of the few tax relief companies on our list that can help you with your tax needs, whether it’s filing your taxes or getting tax relief from tax debt. Community Tax also offer bookkeeping and business accounting services, so you can be sure to get all the help you need in one place. Community Tax relief company is rated with an A+ BBB rating and plenty of satisfied customers. Quick response time to complaints is just one of the many reasons why Community Tax relief company is so highly rated.
Besides servicing customers with tax debts as low as $10,000, Community Tax offers a money-back guarantee that differs from state to state, ranging between three and ten days, and provides a full refund if the issue is not resolved. There is an affordable initial investigation fee of $275.
Larson Tax Relief
Larson Tax Relief services is a good choice for businesses and corporations when it comes to tax debt relief, is one of the best tax relief companies of 2022. They offer a wide range of services, including payroll taxes and federal tax issues, conflicts with your revenue officer, and worker classification issues. With their help, you can get your finances back on track and avoid any further problems down the road.
Larson Tax Relief services is able to provide a number of tax debt relief services, including personal and corporate tax debt relief, as well as assistance in delaying or preventing bank levies.
Larson is a top-rated tax relief company for business tax services. They can handle everything from payroll taxes and corporate income taxes to paperwork for small businesses. This makes them an extremely valuable resource, especially for those with smaller accounting departments who need the support.
Larson offers free consultations, however, he requires that you have a minimum of $20,000 in tax debt to take on your case. At Larson’s, the minimum fee to file tax returns is $200, research and discovery start at $250, and representation or power of attorney services starts at $1750.
If you’re not satisfied with your purchase from Larson within 15 days, you can return it for a full refund. However, compare this to other tax relief companies that offer 30 days and you’ll see that Larson’s policy is on the shorter side. So if it takes weeks for your case to be resolved, you might not be able to take advantage of this guarantee.
Perfect Tax Relief
Perfect Tax Relief offers a free and confidential consultation to assess your situation and see if they can help you get a settlement. Their team of tax experts will create a personalized strategy for your case and work with you every step of the way. The first step in the process is usually to put a hold on your case in order to stop any further action from the IRS. After that, the company’s tax experts will pull your transcripts and do a full discovery. Finally, your tax professional will work to get you the best possible settlement. Ideally, you’ll only have to pay a fraction of what you actually owe. Additionally, Perfect Tax Relief provides support after the settlement so that you will be able to remain compliant in the future.
We recommend meeting with Perfect Tax Relief. They’re a full-service tax firm that can assist with a variety of issues, including back taxes and unfiled tax returns. The IRS can garnish your paycheck or tax refunds, but Perfect Tax Relief may be able to help you get back on track. You’ll work with an enrolled agent, CPA, or tax attorney who will develop a personalized strategy for your case. To get started, request a free consultation to discuss your situation and ask about costs and guarantees.
The Tax Resolvers is a company that provides assistance with IRS and state tax issues. They are composed of qualified tax and financial professionals who can answer your questions and work out a settlement or payment plan with the IRS or state tax agency on your behalf. Good reviews from customers and the company’s A+ BBB rating show that the representatives from The Tax Resolvers provide great service. If you’re struggling with back taxes and penalties, The Tax Resolvers can help you.
Tax Defense Network
Tax Defense Network pride itself on providing outstanding customer service in both Spanish and English. Their representatives are available online and by phone to help you with your tax needs. They also accept tax debt as low as $5,000 in some cases, making them more accessible than many of the other competitors.
Furthermore, Tax Defense Network provides a comprehensive range of IRS and state tax debt relief services (payment plans, offers in compromise, innocent spouse tax relief, etc.) for businesses that need to permanently close down (close corporate filing services, for example). Tax Defense Network also provides specialized business tax services. As well as offering more comprehensive educational resources than most tax relief companies, it also provides tax withholding calculators and offer-in-compromise.
This tax relief company offers free consultations but offers a 3-day money-back guarantee that is much shorter than most of its competitors, which, for instance, offer 15 days. However, the numerous positive reviews received from current and former customers can be attributed to the extensive certifications and memberships in national tax professionals organizations.
Precision provides tax debt relief services to individuals and businesses. They can help you with wage garnishment and levy releases, which can provide significant financial tax relief. They also offer individual and business tax preparation services to help you avoid tax debt issues in the first place.
Precision is known for its clear payment plans that are always interest-free. Additionally, its 30-day money-back guarantee is quite generous, as many tax debt issues can be resolved within three to four weeks.
The fees and rates are not advertised upfront but are always disclosed during the free consultation.
Victory Tax Lawyers
Victory Tax understands that dealing with taxes can be a daunting task for both individuals and businesses. That’s why they offer a variety of services to help you stay on top of your tax obligations. From tax preparation and levy defense to audit representation, they have you covered.
They also, assist with Report of Foreign Bank and Financial Accounts (FBAR) filings. If you have bank accounts in countries other than the U.S.
Moreover, they only take on cases involving tax debts of a minimum of $20,000, which is much higher than the average of the other tax relief companies ranked here.
Optima Tax Relief
Optima Tax Relief as a tax relief company with the best mobile app in the tax relief industry putting then in one of the best tax relief companies out there, Optima Tax Relief provides users with the ability to file a free tax extension and understand what to do when they receive an IRS notice.
From payment plans to “currently not collectible” filings, Optima Tax Relief services work with every type of IRS and state tax debt relief option available. This tax relief company’s staff includes enrolled agents, tax attorneys, and certified public accountants.
If you receive an IRS collection notice, you can use Optima Tax Relief free app to assess the situation and file for an extension on your tax filing deadline. This can be a helpful way to buy yourself some time and avoid any penalties.
Optima tax Relief team of experts will work with you to ensure that your taxes are filed correctly and on time. Optima Tax Relief also offer free consultations to help you understand their process and what they can do for you. Their two-step approach includes setting up a protection plan to pause any immediate IRS action against you and then providing you with a case summary.
An investigation fee of approximately $295 is charged by Optima Tax Relief, and you must have a minimum tax debt of $10,000 in order to qualify.
A Guide to Tax Relief
The tax relief landscape can be confusing and difficult to navigate. This guide provides basic information on tax relief concepts, as well as information on the many tax relief programs offered by tax relief companies. By understanding the options available, you can make an informed decision on which tax relief program is right for you.
Exactly what is tax debt relief?
A tax debt relief strategy refers to a number of measures and strategies designed to assist individuals in paying their taxes or reducing their tax obligations.
The term “tax relief” has come to refer to payment plans, settlements (called offers-in-compromise), and wage garnishments offered by federal and state governments to help those who are struggling to pay their tax debt. These programs can provide much-needed assistance to taxpayers who are struggling to meet their obligations.
When it comes to paying taxes, there are a few different options available to you. Depending on what state you live in, the regulations for paying taxes can vary.
When it comes to taxes, there are a few options available for payment. It’s possible to negotiate these options with the IRS directly, but in some cases, it may be worth hiring tax professionals.
If you’re struggling to pay your taxes, you may be able to find help from a tax relief company. These businesses specialize in helping people resolve their tax problems, often by negotiating with the IRS on your behalf. While the process can be complex, working with a tax relief company may be able to help you get the outcome you need.
Tax attorneys are employed by some tax relief companies who can, in some complicated cases, act as your intermediaries in your negotiations with the IRS.
How Do Tax Relief Companies Work?
There are a number of things that tax relief companies can do to help reduce the amount of back taxes owed. However, it is important to note that many of these same services can be performed by speaking directly with the IRS. There are a few key things that set good tax relief companies apart. Firstly, they employ tax professionals who have years of experience in tax law. This means that they can more easily navigate complicated cases involving higher tax debt amounts. Secondly, good tax relief companies are well-versed in tax law. If you’re behind on your taxes, it’s probably best to just reach out to the IRS yourself. These tax relief companies likely won’t be able to do much that you can’t do on your own.
If you have a complex tax situation with multiple bank accounts, assets, and years of unpaid taxes, a tax relief company can help. They will review your paperwork and identify the best options available. In rare cases, they may be able to negotiate a lower tax bill with the IRS.
There is no hard and fast rule when it comes to negotiating with the IRS over tax debt. However, if your outstanding balance is less than $10,000, you may be better off going it alone. It is common for the best tax relief companies to only work with customers who meet a minimum debt threshold. This is because many companies have minimum tax debt requirements, typically $10,000 or more. Also, if your tax debt is below that amount, paying the IRS in installments could keep you from increasing your overall tax debt load by paying for tax relief services. The best tax relief companies also negotiate with the IRS on their clients’ behalf to reduce or even eliminate their tax debts.
If you’re worried about your taxes, know that you’re not alone. Many people struggle with tax debt and don’t know where to turn for help. Fortunately, there are tax relief firms that can offer you a free consultation to get started. Don’t let your tax debt overwhelm you – get help and take care of it once and for all.
The Most Common Tax Problems
There are a number of potential problems that can arise from mistakes made during the tax filing process, or from not filing a return at all. The following are some of the most common issues that tax relief companies can help resolve:
Back taxes are what you owe the government because you didn’t file your taxes or made mistakes when you did. The interest on these can grow until the tax debt is much more than you can afford, so it’s important to stay up-to-date on the IRS website for the latest information on interest rates for penalties.
You can avoid having to pay back taxes by using tax preparation software. Our article on the best tax software will help you find the right one for your needs.
If you owe taxes and don’t pay, the IRS will eventually take action to collect the debt. This may include wage garnishment, where the agency contacts your employer and directs them to withhold a portion of your paycheck until the debt is paid.
Your employer should have received Publication 1494 from the IRS, which outlines how much of your wages can be garnished based on your marital status and number of dependents. Wage garnishment will continue until the debt is satisfied, but there may be other repayment options available through tax relief companies.
This is similar to wage garnishment in that the IRS issues public notice to financial institutions and other relevant parties stating that they will be the first to be paid from any proceeds from sales of personal property.
A tax levy is a more severe variation of a tax lien, which means that the IRS is exercising its right to seize your property for payment of your debt.
The IRS may audit you if they find irregularities in your taxes. However, wealthier individuals are more likely to be audited than those who earn less. This is especially true for those who make $10 million or more per year.
What Are The Costs Associated With Tax Relief?
There is no one-size-fits-all answer when it comes to the cost of tax relief services. The price you pay will depend on the size of your tax debt and the complexity of your case. However, there are two common pricing models that you can choose from: a percentage of the debt owed or flat hourly rates. The most cost-effective option for you will depend on your specific circumstances.
There are many companies that offer a percentage-based payment plan for your tax debt. The rates typically range from 10-15% of the total debt. For example, if you owe $10,000 in taxes, you can expect to pay a minimum of $1,000-$1,500.
When it comes to finding affordable tax relief services, the type of tax relief company you choose to work with can make all the difference. Companies that charge a flat hourly rate may be more affordable if you owe a large amount but your case is relatively straightforward. On the other hand, companies that charge a higher rate may be worth the investment if your case is more complex.
Different services are priced differently by some companies. If you are interested in pursuing tax relief services options such as an offer in compromise (OIC), which allows you to settle your tax debt for a lower amount than originally anticipated, they may charge you a flat fee of $300.
Before you contract a tax relief company’s services, it is crucial that you ask for as much information as possible. This way, you can be sure that you are getting what you expect and that there are no hidden fees. Get quotes in writing, and find out about all available payment options to avoid any surprises down the road.
Options For Tax Debt Relief
There are a few options available to those struggling to pay their taxes. The IRS website has information on these options, or you can speak to a representative over the phone. State agencies may also offer similar programs for local taxes. Contacting a tax relief company is another option, but be sure to do your research before making any decisions.
When it comes to tax resolution services, private companies can only review your case and suggest the best option based on the information they have. They don’t have access to any information that you couldn’t get yourself, and they can’t guarantee a specific outcome.
If you have a complex tax situation, with multiple sources of income and a complex stock portfolio, then you may be better off speaking to the IRS directly.
Offers in compromise
If you owe money to the IRS and cannot pay the full amount, you may be able to settle your tax debt for less than what you owe. This is called an offer in compromise.
The IRS will look at factors such as your ability to pay, income, expenses, and assets to decide if you qualify for an offer in compromise. If the IRS believes that the lower amount is all that can be collected from you “within a reasonable amount of time,” then they may accept your offer in compromise.
However, offers in compromise are not common and most people will not qualify.
Innocent spouse tax relief
If your spouse makes a mistake on your taxes, you may be eligible for innocent spouse tax relief, which can exempt you from any penalties that come as a result. This only applies if the IRS decides that you had no way of knowing about the omission and if it would cause undue hardship.
If you owe taxes and can’t pay the full amount immediately, you may be able to set up an installment plan with the IRS. With an installment plan, you make smaller payments over time.
There are two types of installment plans: short-term and long-term. A short-term plan is for taxpayers who can pay off their debt within 180 days. A long-term plan is for those who need more time to pay and need to make monthly payments.
There is no specific amount that you must owe in order to apply for an installment agreement. However, online applications are only accepted for amounts up to $50,000 (long-term) or $100,000 (short-term).
The best way to avoid paying penalties on your taxes is to file and pay on time. However, if you do find yourself in a situation where you have incurred a penalty, there may be some tax relief options available to you. One such option is known as “first-time penalty abatement.” This can often be applied to lesser penalties, such as failing to make a payment on a single tax return or missing a filing deadline. To be eligible for this type of tax relief, you generally need to have no penalties for the previous three tax years and have filed If not, at least request a tax extension.
Currently not collectible
If you owe taxes but can’t pay them, you may be able to get what’s called “currently not collectible” or CNC status. This means that both you and the IRS agree that paying your taxes would be unduly burdensome on your living expenses. To apply for CNC status, you generally need to show that paying your taxes would leave you unable to pay for essential things like housing, utilities, food, or other necessary bills.
If the IRS grants CNC status, they’ll review your finances every year to see if your situation has changed. Additionally, any future tax refunds you receive may go towards paying down your debt while you’re in CNC status.
IRS Fresh Start Program
The IRS Fresh Start Program is a set of guidelines that makes tax debt relief more accessible. The program lowers existing requirements to qualify for different IRS tax relief programs, making it easier for taxpayers to get the help they need.
The IRS has made changes to the way income is calculated when determining eligibility for offers-in-compromise. Previously, four years of future income were considered for offers paid in five months or less, and five years of future income was considered for offers paid in six to 24 months. Now, only one year of future income will be considered for offers paid in five months or less, and two years of future income will be considered for offers paid in six to 24 months.
If you’re looking for tax debt relief, there are a few things you should know. First, all offers must be paid in full within 24 months of the date they’re accepted. Second, tax relief companies will evaluate your case and check Fresh Start guidelines to see what options you qualify for.
Other Services Provided By Tax Relief Companies
If you’re worried about being audited by the IRS, some tax professionals offer audit defense services. For an additional fee, they’ll help you resolve any audits that come up, usually for three years.
Whether or not you decide to use audit defense services is a personal decision. Keep in mind that the IRS only audited 0.45% of individual tax returns in 2019. People earning more than $1 million were more likely to be audited.
Here Are Some Alternatives To Using A Tax Debt Relief Company
Direct negotiation with the IRS
If you owe less than $10,000 in taxes, you may be able to negotiate with the IRS directly. This could be cheaper than using a tax debt relief company. If you feel comfortable completing your own tax returns, explore the different options the IRS offers for payment plans or reducing your debt.
Tax relief lawyers
If you’re struggling with tax debt, you might want to consider working with a tax relief lawyer. They’re more specialized than CPAs or enrolled agents and can be incredibly helpful if your case could lead to criminal charges.
Scam Alert Regarding Tax Relief
If you’re struggling with tax debt, you’re not alone. According to the IRS, over 60 percent of Americans don’t have the money to pay their taxes in full. If you’re feeling overwhelmed by your tax debt, it’s understandable you want to find a tax relief company that can help lower your debt. However, as the FTC warns, not all tax relief companies have your best interests at heart.
Beware of tax relief companies that promise to settle your tax debt in a specific time frame without even looking at your case. Many of these tax relief companies are fraudulent and will simply take your money without doing any work. According to FTC reports, some tax relief companies have even been known to make unauthorized charges to customers’ credit cards long after the case has been closed.
When you’re considering using a tax relief company, be on the lookout for some key red flags. Company representatives who make grandiose promises without knowing the details of your case are one such flag. Another is if the tax relief company demands payment upfront in exchange for supposed guaranteed results. Also be wary if the company initially contacts you via cold calls or unsolicited mail/email, as this could be a sign they are using delay tactics. And finally, if the company repeatedly asks for the same documents, that’s another potential sign of stalling.
There are many tax relief companies out there, but how do you know which ones to trust? A good rule of thumb is to avoid companies that make specific promises, and instead look for those who are transparent about their costs and processes. Additionally, many reputable tax relief firms offer free consultations – so be sure to take advantage of this before making your final decision. Finally, check to see if the tax relief company is accredited with one or more tax professional organizations such as the National Association of Tax Professionals (NATP), the National Association of Enrolled Agents (NAEA), or the Association of International Certified Professional Accountants (AICPA). This will give you peace of mind knowing that you’re working with a reputable, reliable company.