Tax Relief Companies

For those taxpayers that do not have the financial capability to pay their entire tax debt amount, the IRS has designed payment plans to help them resolve their back taxes. If you can only resolve your tax debt by paying a reduced amount in tax debt, you may consider payment plans such as Offer in…

Resolving back taxes often worries taxpayers, but if they carefully research their options, there will be less cause for stress. Considerations such as choosing the right payment plan, determining finances, and whether to hire professional assistance all factor in to finding the most affordable, sensible tax resolution.When considering resolution options, remember to review the various…

The IRS phone scam is the latest tax scam that shocked the nation when it was first discovered several months ago. Dubbed the largest tax scam of its kind, in this tax scam, scammers use the facade of the IRS to intimidate taxpayers to immediately pay their tax debt through wire transfer or prepaid debit…

Tax scammers use stolen identities to conduct tax and financial crimes such as filing fraudulent tax returns and raiding bank accounts. The basic information scammers need to file a fraudulent tax return includes tax filing status, name, and Social Security Number of a taxpayer.A scammer usually files multiple fraudulent tax returns, sometimes in hundreds, hoping…

Tax scammers use various means of contacting you to steal your information. Their mission is to convince you to transfer money to them on pretence of being the IRS, a law enforcement agency, a bank, etc. To protect yourself from tax scammers, you need to understand the methods they use to manipulate and deceive you.Scammers…

Many taxpayers use professional assistance for help resolving tax debt, particularly if their tax debt is large. Hiring expert help has obvious advantages such as better preparation of the case, representation and negotiations. When resolving a large tax debt, even when they cannot qualify for tax debt reduction plans, taxpayers can potentially pay less in…

To successfully resolve a tax issue, taxpayers must be aware of some of the basic IRS policies that may impact their debt. When in the process of resolving back taxes, one of the most important factors to consider is penalties and interest.The IRS charges penalties and interest each month on back taxes owed. After the…

When seeking tax debt resolution, taxpayers should use IRS rules and tax laws to their advantage. There are certain rules the IRS must follow for tax debt and collection. Knowing these rules helps a taxpayer avoid drastically increasing their tax debt or facing aggressive IRS collection actions, which are two consequences a taxpayer may face…

Large multinational companies find ways to evade taxes in the U.S. by using the loopholes in the tax code so that they can avoid paying taxes without breaking the law. The government cannot force individuals and corporate companies to stop evading taxes until there is a change in the law. To stop legal tax evasion,…

When a taxpayer does not file and pay taxes during the tax filing season and does not file for an extension, the IRS begins collection of unpaid taxes after the season is over. To estimate how much taxes a taxpayer owes, the IRS uses third party information from the Information Returns Processing (IRP) System. After…