Settling your Tax Debt with the IRS – Use Former IRS Agents who know how 1-866-700-1040
I must say it really baffles me. Millions of taxpayers owe money to the Internal Revenue Service and they really do not know where to turn so the first thing they do as they search the web which is a smart thing to do.
The baffling part of this is that many of these taxpayers choose companies talking directly to the salesperson and never to the tax professional that will be working their case.
My advice to any taxpayer who chooses to settle their debt with the Internal Revenue Service is to seek solid tax professional help and that means specifically talking to the person that will be working their case. In doing so a taxpayer will get a real good idea on the exact process that’s going to take place.
And that believe it or not is a very simple process.
IRS will simply can ask for a financial statement from the taxpayer or business that owes money. IRS will want verification of that financial statement. IRS will then proceed to make it a determination on how they will a settle that debt with the taxpayer.
Tips in hiring a Tax Company
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 solid tax professional firm for Tax Relief.
1. Check the BBB listing of the company you want to engage.
2. Check to see if there is a tax professional on staff. do they have on staff tax attorneys, CPAs and former IRS agents and/or enrolled agents.
3. See how long the company has been in business. The Better Business Bureau can give you a lot of information about the history of a company.
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. Being a former IRS agent myself my best advice to anybody having an IRS problem is to seek the counsel of the former agent.
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 And use caution
10. Ask about the fee. Professional companies do not charge a results accomplished fee.
11. So remember, experience, history, BBB report and by all means hire former IRS Agents.
12. Be a good student and do your homework. It will save you money in the long run.
Settling your Tax Debt with the IRS – How to choose a Tax Relief Firm
