Tax relief companies often make use of televisions, internet, and radio as their advertising and marketing tools and also to reach out to the taxpayers in distress. if you are Paying an upfront fee to the relief companies, they will claim they can eliminate or reduce your tax debts. They can also stop back-tax collection by applying for IRS hardship programs. To be sincere, most of the taxpayers are not qualified for the IRS hardship programs and therefore these companies won’t even send the required paperwork requesting for participation in the programs. They will also not settle the tax debts provides a refund leaving people with more debts.
You should be careful when signing up with relief companies as some people have complained to the Federal Trade Commission giving horrible stories of how some of the relief companies left them with more problems. After paying upfront fees and signing up, the companies go further and make unauthorized charges on the credit cards or even making bank withdrawals.
It is always a plan to try and find a plan of paying your bills and debts rather than seeking the help of another. The FTC recommends you to consider various options when you want to pay back taxes or when you owe money to the IRS. If you owe back taxes, considering an installment agreement is a good idea since the option is available for people who are unable to pay their full taxes on time. In regards to your situation, you might also consider making use of offer in compromise option which allows you to pay the debts permanently less the amount you owe.
When looking for relief services, it is important to read the notices from the IRS and ignore any promise made by the businesses telling you that you qualify for programs to settle your debts. Also, be aware of paying upfront fees with no explanation on how the billing process will; take place as well as if there is a refund or not.
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