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Navigating the world of taxes can be a tricky endeavor, and when individuals find themselves in complicated situations they may need special assistance. This is where the boutique company known as “TAX Lola” steps in – offering their specialized services such as unfiled returns, amended returns, offers in compromise, penalty abatement, and other relief strategies. For those who are confident enough to take this journey on their own, Tax Lola also provides a DIY program for resolving any troublesome taxation issues. The company advertises its services at taxlola.com.
Tax Lola Summary
Finding the right Tax company to assist you can be a challenge, as there are many options available. One service that has been garnering much attention is Tax Lola; however, it’s essential to consider whether this Tax service is suitable for your requirements prior to making a decision. To ensure an informed decision-making process here is more information on what Tax Lola offers.
- The company will consider cases where the balance owed to the IRS is less than $10,000.
- DIY master class costs $375 for the full course.
- Tax Lola offers a five-day guarantee for its DIY Master Class.
- Tax Lola is available nationwide, but It only has offices for in-person appointments in Atlanta, Chicago, and Irvine, California.
What is Tax Lola?
At times, owing taxes to the IRS can be intimidating and complicated. That’s why many turn to the help of professionals when it comes to preparing or resolving taxes. Tax Lola is one that not only specializes in preparing taxes but also offers multiple services like resolution plans and identity theft monitoring. In addition, Lola works with enrolled agents, licensed attorneys, and certified public accountants who understand various aspects of the process. The company will review any case regardless of how much money is owed – as long as it is less than $10,000 – and discuss all options with clients before making any strategy recommendations. Communication is important for them as they only bill for essential services needed.
Since 2001, the headquarters of the business known as ‘”Tax Lola” has been situated in Salina, Oklahoma and they can be contacted by dialing (918) 434-5548. Currently, this company has earned an A+ rating from the Better Business Bureau yet is not accredited with them.
How does Tax Lola work?
At the beginning of your journey with Tax Lola, a trained and knowledgeable attorney or enrolled agent consults with you to discuss your individual situation. They devise an appropriate plan tailored to your needs that may include their preparatory, monitoring, analysis, and resolution services. Furthermore, should the need for resolution not yet be immediate, they can assist in filing past returns to help minimize fees due.
For those needing tax resolution services, Tax Lola offers a DIY option. Those who owe the IRS less than $100,000 and earn less than $100,000 annually can benefit from the DIY solution. Specifically, they have access to a master class which comprises a guided e-book filled with step-by-step instructions as well as courses and an interactive tax tool.
Tax Lola BBB Reviews
After achieving an A+ rating from the Better Business Bureau, this business has yet to be accredited. With zero reviews and no complaints to their name, it is difficult to determine whether or not they are in good standing with their clientele.
Tax Lola FAQs
Tax Lola Services
At Tax Lola, there are many helpful services offered. These include:
Filing Returns: Missing returns will be taken care of and current returns filed. Additionally, confirmations for filings can be processed for you too. When the certain required information isn’t known, Lola’s Taxes can access wage and income transcripts to make sure the return is complete. Once all is said and done, notification will be provided that everything has been properly accepted by the government.
Tax monitoring and prevention: Staying on top of your taxes is an important way to reduce risk. To this end, monitoring and prevention services are invaluable. One such service that can help is Account Alteration Monitoring, which aids in tracking up to 20 years’ worth of returns for lien filings, levy notices, or red flags that may have gone unnoticed. With these timely updates from the trusted source at ‘Lola’s Taxes’, you will always be aware of any changes to your IRS account. Additionally, CSED (Collection Statute Expiration Date) Monitoring is available – the statute of limitations for IRS balances is 10 years and Lola’s will notify you when the time has passed by and the balances expire.
Identity theft monitoring: Identity theft prevention is critical in today’s world. Tax Lola helps protect you from becoming a victim of fraudulent tax returns. The service monitors when a return has been filed with your personal details and will alert you immediately so that you can ensure the validity of the return. This way, any suspicious activity can be taken care of in a timely manner.
IRS resolution: When it comes to dealing with the Internal Revenue Service (IRS), there are a variety of resolution options available. For example, you can apply for a Currently Non-Collectible Status (CNC) hardship, and Tax Lola is in place to keep an eye on changes and alert you when necessary. Also, installment agreements may be established, and Tax Lola is able to observe potential misapplied payments, dishonored payments, or defaulted payments. Lastly, an Offer in Compromise (OIC) may possibly be made as a way of resolving debt by paying less than the amount actually owed; Tax Lola can help monitor this process by verifying that your OIC was received and accepted.
Do-it-yourself tax preparation: Those interested in understanding how to take control of their taxes can make use of the Do-it-yourself master class. This course is comprised of narrated lessons, an e-book, step-by-step instructions, and other references that help you manage your finances. The first chapter is complimentary; as of writing, the full program costs $375.
How much does Tax Lola charge?
No two tax situations are the same, so it’s not possible to quote exact fees ahead of time. Generally, though, an initial investigation fee is likely to cost between $100 and $500. Once the investigation has been completed, you can then expect representation charges in excess of $500.
Where is Tax Lola available?
Nationwide, individuals are able to access services from Tax Lola. Professionals are available for in-person meetings at three locations: Atlanta, Chicago, and Irvine in California.
Does Tax Lola offer a guarantee for its services?
At Tax Lola, their DIY Master Class offers a five-day warranty on all the services they provide. They guarantee that everything billed will be carried out accordingly.
Is Tax Lola legit or a scam?
For those struggling with IRS debt or missing filings, the services of a professional from companies such as Tax Lola can be invaluable. Such representation provides access to expert advice in complex situations, however, it is also important to have an understanding of the process and costs involved before engaging the services provided by firms like this one. As we mention before The company has an A+ on the BBB but it is not accredited by them and not does have any reviews or complaints to help us know how they treat their customers.
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