When comparing the best company for tax relief, you may encounter firms that offer a variety of methodologies and pricing structures. Throughout this process, a good tax relief company will keep you informed and handle communication with the IRS. During this free tax consultation, you’ll discuss your tax situation (amount of tax debt, any IRS notices, etc.) top rated tax resolution firm and your finances. However, if you find the process overwhelming or have complicated tax problems, tax relief companies can take on the burden of negotiating with tax authorities for you. The first step to protecting yourself against scammers is to educate yourself on the legitimate tax debt relief options.
Comparing DIY vs Professional Tax Relief
The best tax relief companies employ experienced tax professionals—typically enrolled agents, CPAs, and tax attorneys—who negotiate with the IRS on behalf of clients. Broadly, tax relief companies specialize in resolving tax issues, including unpaid taxes, back tax balances, unfiled tax returns, tax levies, and other related matters. Sometimes, scam artists even pretend to be tax relief companies so they can trick you out of your money or personal details.
Best Tax Relief Companies of 2026: Full Review of Costs and Services
- A tax relief company can help you fill out all the necessary forms for an offer in compromise.
- You’ll chat with a representative and give them details on your tax issues.
- The company also provides a money-back guarantee for added peace of mind.
- Some offer additional services that can help you stay compliant with future taxes.
- Finally, the dedicated client support line is nice for those sudden questions that can pop up during complex tax relief scenarios.
Understanding personal finance is crucial when evaluating tax relief companies, as it helps you make informed decisions about managing your tax debt. Whether you work with a tax relief company, a tax attorney, or another licensed tax professional, make sure you’re informed, ask questions, and choose a partner who puts your best interests first. Fortunately, there are tax relief companies and licensed tax professionals who specialize in helping people resolve their tax debts.
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Loan payment example: on a $50,000 loan for 120 months at 7.15% interest rate, monthly payments would be $584.42. Payment example does not include amounts for taxes and insurance premiums.
Credit, Loans, and Debt
Still, not all tax relief companies are on the up and up. Some tax relief companies are legitimate, but not all. When the amount you owe to the IRS is significant, and you feel you need help communicating with the IRS to find a solution, hiring a tax relief company is an option.
You’ll chat with a representative and give them details on your tax issues. Tax relief companies may charge a flat fee or hourly rate, ranging from a few hundred to several thousand dollars. Not every company is created equal, and the best fit depends on your specific needs. You’ll book a free consultation to get started with Precision Tax Relief. That decades-long track record also means Precision Tax Relief is no stranger to tax negotiations and settlements. This means that Precision Tax Relief has consistently delivered on its commitment to clients for more than half a century.
It offers total transparency about whether its services can save you money before collecting fees. If you’re not satisfied, TaxRise offers a money-back guarantee under specific conditions. After the initial consultation, the company’s website outlines a 2-phase process for getting your tax debt resolved. Alleviate Tax offers flexible financing options, a lowest price guarantee, and a 30-day 100% money-back guarantee if you’re not satisfied with the customer service experience. The company doesn’t have a step-by-step process outlined on its website, but its process seems to be similar to other tax relief companies. These guarantees protect your initial investment, providing refunds if the company can’t rework your tax debt.
How we chose the best tax relief companies
- Tax relief company specializing in offers in compromise, penalty abatement and innocent spouse relief.
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- Each case is handled by a licensed tax attorney.
- Most tax relief companies or attorneys offer the following services to help you reduce or manage your tax debt.
Resolution can take several months or longer, and you may need to stay in compliance with filing and payment during this time. During this phase, the company’s tax professionals will determine which relief programs you may qualify for and establish a strategy. If you proceed, the firm will perform an in-depth analysis of your tax history and unpaid taxes.
The Mental Toll of IRS Pressure
The IRS won’t call, text or contact you via social media to demand immediate tax payment. You should pay taxes as you earn or receive income during the year. Contact the company by phone or email to set up an appointment and go over tax relief options. Requires $10,000 in tax debt. Serves middle- and high-income individuals and businesses in state and IRS tax debt cases with its team of CPAs and enrolled agents.
Tech, retail, and logistics layoffs pushed many into severance taxed at higher brackets than expected. A Final Notice of Intent to Levy gives you just thirty days before paychecks shrink. Reputable companies quote a single flat fee that covers transcript pulls, mailing costs, and follow‑up calls. Look for published settlement letters, lien releases, and appeal wins tied to dollar amounts similar to your debt.
Fresh Start programs for businesses include payroll tax settlement options. Components of the Fresh Start program include penalty abatement, installment agreements, offers in compromise, and lien release requests. The IRS will evaluate your offer in compromise based on your ability to pay, your total income, necessary expenses, and any assets you may own that have equity, such as real estate or vehicles. Tax professionals know the correct forms to fill out, who to speak with, and what to say, to increase your odds of successful tax resolution. Getting help from a professional tax resolution firm can help you take back control of your life and get your tax bill under control. Learn how to settle your debt with the IRS on your own.
Mounting Penalties and Interest
While the company doesn’t outline the steps it takes to resolve your tax issues, its process is similar to others. These companies often leave people even further in debt. Before sharing sensitive information, make sure you’re on a federal government site.
You have options to resolve your tax bill. Copyright © Consumers Unified, LLC DBA ConsumerAffairs. Companies displayed may pay us to be Authorized or when you click a link, call a number or fill a form on our site.
Provides free confidential consultation. Uses a two-phase relief program to handle IRS and state tax issues. English- and Spanish-speaking tax professionals available.
What’s the best company to file your taxes with?
TurboTax, H&R Block and TaxSlayer are among our picks for the best best online tax-prep programs.
Before giving a tax relief firm money, make sure you understand exactly what you’re paying for. The truth is, no tax relief attorney or company can erase your tax debt overnight. So let’s talk about how tax relief services actually work, the difference between a tax resolution company and a law firm, and how to make sure you don’t end up worse off than before by hiring one.
Illegitimate companies pressure you to pay but don’t provide a lot of details about how their pricing works. In many cases, a legitimate company may charge an initial investigation fee of a few hundred dollars, which is much lower than the large upfront fees demanded by scammers. But once you make the payment, they give you their bare minimum or do nothing. If someone promises that they can erase your debt before they know anything about your situation, that’s a sign you should look for a different company to help you. There are a lot of companies that engage in aggressive and often misleading marketing to bring in clients.
The IRS offers direct resources and tools to help individuals resolve their tax issues. Any tax refunds you qualify for may be kept by the IRS and applied to your outstanding tax debts. The IRS declares a taxpayer currently not collectible only if the taxpayer has no way to pay their debt while still paying basic living expenses. An offer in compromise shrinks your tax liability based on what the IRS determines you can realistically pay. Depending on your circumstances, an OIC may be the smartest way to handle your tax debts.
They can also provide tax help by preventing or halting aggressive collection actions. The sales theory at play here is that if you pay them something, even a nominal amount, you are more likely to pay them again later. Different companies have different strategies for this phase. They may contact the IRS to review your transcripts and tax returns, identifying any tax issues, such as tax liens or unfiled returns. Additionally, it’s nearly impossible to gather all the necessary information to make a recommendation during the first meeting.
