The Truth About Tax Resolution Help | Tax Relief Options Expats Need To Know
Tax resolution help companies often make outrageous claims that they can reduce or even eliminate your tax debts by applying for legitimate IRS hardship programs.
We’ve all heard the radio and television ads for tax resolution help and their big promises such as:
- We can reduce your tax debt for “pennies on the dollar”!
- We stop wage garnishments and levies!
- And more
The truth is that while tax resolution help comes in a variety of firms such as those that you hear on ads that prey on taxpayers in distress – what I like to call the equivalent of the “ambulance chasing attorney”, no tax resolution help professional can really guarantee results. The reality of these programs for debt reduction, such as the Offer In Compromise program, is that most taxpayers don’t qualify.
Don’t get me wrong, some people do win an “offer in compromise” settlement from the IRS allowing them to settle their tax debt for “pennies on the dollar” – but these are for taxpayers who genuinely can’t pay, when all their assets and future earnings are taken into account.
Nevertheless, there are a number of legitimate ways to potentially reduce your debt, such as with a thorough review of your tax returns to determine whether the returns were prepared accurately and completely and whether a tax return amendment is a viable option to reduce your tax debt.
Certainly, resolving your tax problems will cost money and most firms will charge an up-front retainer, however after a review of your tax problem, the tax professional should be able to advise you on a course of action that will provide the tax resolution help option or options that are realistic for you.
Do I Need Tax Resolution Help?
If you owe back taxes and don’t know how you’re going to pay the debt, don’t panic, take a deep breath, and consider your options and seek out tax resolution help. Solving your tax problem without a tax professional is also a consideration and especially something that should be considered if it is a simple tax problem.
Owe Back Taxes
If you owe back taxes, there are several IRS tax relief programs to help, including:
- The IRS Fresh Start initiative which makes it easier for individual and small business taxpayers to pay back taxes and avoid tax liens
- An Installment Agreement is generally available to people who can’t pay their tax debt in full at one time. This program allows taxpayers to make smaller monthly payments until the entire debt is satisfied.
- An Offer in Compromise (OIC) lets taxpayers permanently settle their tax debt for less than the amount they owe. The OIC is an important tool to help people in limited qualified circumstances.
- In very limited circumstances, the IRS may offer a penalty abatement to people who haven’t paid their taxes because of a special hardship or other valid reason. If the taxpayer meets very narrow criteria, the IRS may approve a valid penalty abatement request.
- Interest abatement is even more limited and rarely provided.
Tax Resolution Help Is Possible
Whether the IRS is threatening to levy your wages or bank accounts, you have years of delinquent or unfiled back taxes, you owe taxes that you can’t pay or you just have a tough tax problem that you need solved, tax resolution help may be possible. Gain some piece of mind, by having a free complimentary evaluation to determine if whether tax resolution help may be beneficial for your tax problem.
Qualifying for Tax Resolution Help
All tax problems are different and results may vary. Tax Samaritan lets their clients know up front what tax relief options are viable for resolving their specific IRS problems. We offer transparency to our clients, helping you understand your tax problem and the process for your tax resolution help solution.
If you are receiving threatening letters from the IRS, are having your wages garnished, are experiencing a bank levy or the IRS has filed a lien against, Tax Samaritan can help provide an appropriate tax resolution solution strategy based on your tax problem.
Tax Samaritan is focused on the ethical vigorous defense of the average American taxpayer challenged by any income tax authority, federal or state. We are highly skilled at navigating the maze of the tax code, tax resolution procedures and protecting your rights. We are dedicated to providing the highest standards in the quality of our work and making sure your experience exceeds expectations.
Get Started With Tax Resolution Help
Click the button below to request a Tax Resolution Services Quote today to get started with the resolution of your tax problems.
During the quote process, we will ask you questions about your present tax situation with the IRS and/or state and will review any tax communications that you have received. Based upon the information that you provide, we will be able to share with you tax resolution help options for resolving your back taxes.
If you need professional help, choose carefully. We recommend that you generally want to hire an Enrolled Agent, such as Tax Samaritan or other professional licensed to practice before the IRS, such as a CPA or attorney.
Randall Brody is an enrolled agent, licensed by the US Department of the Treasury to represent taxpayers before the IRS for audits, collections and appeals. To attain the enrolled agent designation, candidates must demonstrate expertise in taxation, fulfill continuing education credits and adhere to a stringent code of ethics.
Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.
All About Randall Brody
Randall is the Founder of Tax Samaritan, a boutique firm specializing in the preparation of taxes and the resolution of tax problems for Americans living abroad, as well as the other unique tax issues that apply to taxpayers. Here, they help taxpayers save money on their tax returns.