Fort Lauderdale, Florida Sept 30, 2010 (Marketwire)
So many unsuspecting taxpayers call tax resolution companies hoping they can settle their tax bill for pennies on the dollar, only to find out later, they are getting ripped off. According to the IRS, “Taxpayers should beware of companies claiming that tax debts can be settled through the Offer in Compromise program for ‘pennies on the dollar.'” While sometimes possible, hundreds of companies are misleading the American public with the false hope of pennies on the dollar. Tax experts Michael D. Sullivan and Steve Jacob both concur that 12,000 cases are settled every year by the IRS, but caution should be used before paying a tax resolution company to file an Offer in Compromise. The IRS has some very strict regulations regarding the acceptance of an Offer in Compromise. Fresh Start Tax has some of the leading experts in the field of tax resolution. The company is comprised of former IRS agents who worked the Offer program while they were employed by the IRS. Most of these tax resolution companies hire sales people to get you to buy into the pennies on the dollar concept only to find out that the offer is rejected. The companies tend to then blame the IRS. 75% of all Offers in Compromise end up with a rejection letter. Unless a person has several years of IRS experience, they are not capable of making determination on offers. Many times individuals find themselves worse off than when they first started. Sullivan says to use common sense and know who you are dealing with. Google the company and check to see if complaints have been listed. Check the records of the Better Business Bureau and find out the experience level of the professional you are speaking with. Check credentials. You can achieve better results with true tax professionals. The basic rule for Offers in Compromise: you must offer the total value of your net equity in all your assets.
The Fresh Start Tax staff has been dealing with Offers in Compromise issues for over 28 years. The tax team is comprised of Tax attorneys, CPAs, former IRS agents and instructors as well as former IRS supervisors.
About Fresh Start Tax, LLC
Fresh Start Tax, LLC is a tax resolution company specializing in IRS problems such as tax liens, wage garnishment, IRS levy, unfiled taxes, back taxes and other IRS tax help.
Fresh Start Tax, LLC
3696 N. Federal Highway
Fort Lauderdale, Florida 33308