If you are wanting to Settle with the IRS on your tax Debt, make sure you understand the program before you give your money to some tax mill. Many companies advertise “Settle IRS Debt ” to the peril of many taxpayers. You can get ripped off.
The Internet is full of companies saying they can settle for pennies on a dollars, settle your IRS debt , fast and quick settlements. While it is very possible, the odds are stacked up against you.
Many of these companies that advertise pennies on a dollars have a salesperson originally speak to you and size you up. They charge you a huge fee , take out a commission and then pass it on to a third party company or to the corporate headquarters where a person who will work your case has no idea at all what the salesperson told you.
Check the Internet and the number of complaints these companies have against them. The IRS put out a warning last year against these tax mills and the Attorney General is actively pursuing to put these companies out of business.
What to look for in hiring a tax professional firm.
1. Check the BBB listing of the company you want to engage.
2. Check to see if there is a tax professional on staff, a CPA, a Board Certified tax attorney or all three.
3. See how long the company has been in business.
4. Be sure that the company has not changed their name. Many of these tax resolution companies change their name every two years.
5. Speak to the professional that will work your case. See if they know their business. Ask for credentials.
6. Find out how many IRS cases the person working your case has been involved with. How long have they practiced tax law?
7. Ask how many offers or settlements the company has on their record. Has there been a case like yours?
8. Former IRS Agents. Former IRS Agents know all the rules regulations and latest tax changes.
9. Do not be fooled by the initial sales approach. Many claims the salesperson makes when first talking to the salesperson are just hype, so beware.
10. Ask about the fee. Professional companies do not charge a results accomplished fee.
So remember, experience, history, BBB report and by all means hire former IRS Agents.
