Now that tax season is over, some taxpayers are forced to deal with the reality of a significant amount of tax debt. Whether from a combination of tax years or the current tax year, a huge tax liability can look insurmountable. In addition to the stress of the debt, now you are noticing all the tax relief advertisements on television and radio. The thought then becomes, do I really need one of these companies; or am I capable of negotiating this tax debt myself? Unfortunately, there is not a definitive answer to those questions. The choice is based upon your comfort with dealing with the IRS. If you feel that you can handle talking to the IRS on your own please do so. However, if you choose to use a tax relief agency, make sure you research the agency thoroughly before signing on the dotted line.
The agency you choose should ask you for some qualifying information before giving you a possible outcome.
The representative should ask you financial questions to obtain a detailed financial background before advising how the company can settle your tax debt for pennies on the dollar.
The representative should ask why you owe the tax liability.
Any agency that does not consider the “why” is not conducting the full due diligence process required by the IRS for a proper appeal. Those seeking assistance with a tax liability should seek out the advice of a qualified tax attorney who has years of experience with dealing with the IRS. Know that it is okay to interview that person to see if they are capable of providing the services that you need. For more information, please feel free to contact our office.