How Can I Get My Debt Forgiven With A Tax Relief Service?
- September 2, 2019
- Posted by: asal
- Category: Tax Relief
Are you considering hiring a tax relief service for tax debt assistance, but aren’t sure of the benefits? If you have a tax debt, a tax relief service can be vital. Tax relief services help taxpayers eliminate penalties and provide you with tax debt assistance. Additionally, a tax relief service can help end IRS collection actions. Tax relief experts can also stop wage garnishments and prevent the IRS from seizing your assets. Whether you should hire a tax relief service depends on your financial situation. Read on for an overview of the process of working with a tax relief service.
Your Tax Relief Services Firm Will Provide A Free Consultation
Before you decide to work with a tax relief service, they will often offer you a free consultation. Platinum Tax Defenders offers all new clients with free consultations to discuss their tax matters. A free consultation will typically last approximately 30 minutes but can take longer if necessary. During the free consultation, a tax professional will ask you questions about your tax and financial situation. The questions you answer will determine how you benefit from their tax services. During your call, you will also get an understanding of your options for tax debt assistance. When you speak with a tax relief services firm, it’s essential to inform them of your tax compliance situation. The IRS typically will not work with you on tax debt assistance unless you file all previous tax returns.
The Process Begins With Your Tax Relief Services Company
Following your free consultation, a tax relief professional will review your IRS transcripts to understand your tax situation. This assessment is often called a compliance check. The tax professional will then present you with IRS tax relief options for which you may be eligible. Your tax relief services company will offer you a breakdown of what fees you can expect for your tax debt assistance. For clients who need assistance, Platinum Tax Defenders recently partnered with Lending USA to offer individual financing options. Clients can now receive unique 60-month financing options to help them with tax debt assistance.
Your case will then go to a tax attorney, enrolled agent, or CPA who will represent you. If working with a tax attorney, you will sign a 2848 or Limited Power of Attorney form. By signing this form, the tax attorney can resolve your tax issues by communicating directly with the IRS.
What Programs Will The Tax Relief Services Company Offer Me?
Your licensed tax relief professional will determine the best tax debt assistance solution for your situation. Some of the tax relief options your tax relief services company may suggest include:
– Installment Agreement (a payment plan with the IRS)
– Currently not Collectible (status requesting forgiveness due to economic hardship)
– Partial Payment Installment Agreement
– Offer in Compromise (settling tax debts for less than you owe)
– Innocent Spouse Relief (tax relief for debts you receive as a result of a spouse or ex-spouse)
– IRS Penalty Abatement (forgiveness for penalties incurred as a result of not paying or not filing taxes)
– Defense against an IRS audit
The tax relief services company’s goal is to reach an agreement that the IRS will accept that fits your budget. Your tax relief professional will handle all of your paperwork associated with applying for a tax debt assistance program. The process of dealing with the IRS to reach a tax resolution agreement doesn’t always happen overnight. However, when working with a tax relief services company, you can trust your case is moving in the right direction. Working with a tax relief company will save you money and stress by taking on your problems for you
What Happens After My Tax Relief Case Receives Approval?
Once the IRS approves your tax relief services company’s proposal, you make the required payment. For example, if you receive approval for an Offer in Compromise, you pay the agreed-upon amount. You will generally have nine to 12 months to pay your Offer in Compromise settlement. Once you make your payment, the IRS will be entirely off your back and stop any collection actions. However, you must ensure you remain compliant with tax filings and payments for the following five years. As long as you stay up to date on payments and filing requirements, you will stay in good IRS standing. A tax relief professional will provide you with tips on how to avoid future tax problems.
How Can I Find The Best Tax Relief Services Company?
Enlisting the help of a tax relief services company can be overwhelming. Knowing the right questions to ask can help you choose a reputable tax relief services company. Research and well-researched questions can help you identify which tax relief services company is best to represent you. Below are several questions to ask a tax relief services company before you hire them.
– Does the tax relief company have a team of licensed tax attorneys?
– Is there a sufficient support staff working for the tax relief services company?
– Does the tax relief company have a money-back guarantee if you aren’t satisfied with your services?
– What type of tax relief services does the firm offer?
– Does the tax relief firm have any accreditations?
– What payment options does the tax relief firm provide?
Ready To Receive Tax Debt Assistance? Call Tax Relief Services Company Platinum Tax Defenders
Platinum Tax Defenders has been in the tax relief business for more than a decade. Our team features experienced tax attorneys, CPAs, and enrolled agents. All of our professionals have years of experience in tax resolution and are ready to help. Platinum Tax Defenders specializes in a variety of tax debt assistance programs, including Offer in Compromise and Installment Agreements. Also, Platinum Tax Defenders has partnered with Lending USA to offer select financing options for clients. To assist taxpayers with paying for tax relief services, Platinum now offers individual 60-day financing options. For a free consultation to see how Platinum Tax Defenders can help you with debt relief, call today.