IRS Tax Debt Relief Company Reviews
Tax debt relief companies all across America talk about how they can write off a portion of your tax debt, but can they really? First off, you need to have a true financial hardship to qualify for an Offer in Compromise (OIC), which is what these companies are referring to.
According to Tax Relief Expert,“The reality is that the IRS received 68,000 offers in compromise from taxpayers. The IRS accepted 27,000 of those offers. That’s an acceptance rate of 40%.”
IRS Debt Settlement Companies
IRS debt settlement companies can offer you what’s called an Offer in Compromise tax relief plan if you have a true financial hardship.
A true financial hardship could mean that your income has been reduced to the point where you can’t afford to pay the IRS. Tax debt settlement companies can then negotiate with the IRS to settle your tax debt for less than the full balance owed. This could make your tax debt more affordable to pay!
Reputable tax relief companies will often review your tax situation for free and tailor a plan that makes your debt more affordable to pay. When it comes to taxes, one shoe size never fits all! Taxes can be a complex subject to deal with, it’s not as black and white as dealing with credit card debt. Credit cards are much easier to settle and reduce, as explained here: But with taxes, you really need to have a tax relief expert take their time and review all of your options, not just quickly apply for the Offer in Compromise because again, roughly 60% of applicants don’t qualify for this plan. Golden Financial Services has these experts in place, to give you the answers that you need right now. Just call (866) 376-9846.
Offer in Compromise Tax Debt Relief
The IRS website says: “We generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.”
To be considered for an Offer in Compromise Program:
You must be current on all filing and payment requirements, going back six years. So before applying for an OIC, a reputable tax relief company will first make sure that all of your tax returns are filed and fees paid, prior to applying for the OIC. If you rush into the OIC before doing this vital step, you could quickly get denied and lose out on an opportunity to resolve your tax debt for much less than the full amount owed.
First file all tax returns for the last six years. Then you can add all of your tax debt up, and attempt to get an OIC – settling all of your tax debt at once.
Do you have over $15,000 in tax debt?
If you do, you will be a good candidate for tax debt relief, but not necessarily the Offer in Compromise plan.
There are other tax debt relief options to also consider, which the following page will outline for you.
If you want to find out if you qualify for Tax Debt Relief, simply call (866) 376-9846 now.
It’s time to get your life back!
The best debt relief companies can help consumers who are looking for IRS tax debt relief help. Are you looking for IRS tax debt relief help? If so, there are many debt relief companies in the US, but you have come to the right place here at Golden Financial Services. Our trusted tax officers have been providing tax debt relief help and working with debt relief companies since the 1990s.
Golden Financial Services is a debt relief company that assists consumers with financial debt solutions to help pay off credit cards and taxes. Most debt relief companies will not guarantee that you pay nothing if we cannot get you the resolution that you need for your tax problem. Get a free and confidential tax analysis from our debt relief agency today by calling 866-376-9846 or filling out the contact request form below.
Tax Debt Relief Help From a Debt Relief Company:
With help from reputable debt relief companies in America, the IRS will agree to different resolutions depending on each consumer’s individual circumstances or hardship. Therefore, in order to facilitate effective tax collection, the IRS offers several debt relief options to taxpayers with past-due federal income tax liabilities. The purpose of these various debt relief options is to offer different ways for taxpayers to resolve their tax liabilities based on their unique financial situation. Some of the most common debt relief options that debt relief companies obtain for their clients are the Offer in Compromise, Installment Agreement and Currently Not Collectible Status agreements. Professional tax officers that work at debt relief companies are familiar with the laws, tax codes and have the experience to successfully obtain the most favorable resolutions for consumers with high tax debt. Dealing with the IRS on your own can be scary and not exactly a walk in the park. The IRS realizes that when a consumer has high tax debt they are scared and that emotional connection to the consumer, can make it very hard for the consumer to obtain a favorable tax resolution on their own.
Income Averaging: Some of the terms on this page are illustrated for educational purposes such as “income averaging”. Ethically Debt Relief Companies must educate consumers prior to offering them any type of program.
The term “income averaging”, when used to determine a taxpayer’s reasonable collection potential for Internal Revenue Service (IRS) collection purposes, refers to the use of an average of the taxpayer’s past income in lieu of the taxpayer’s current earnings. Specifically, the current earnings of the taxpayer are substituted with an average of the taxpayer’s historical earnings.
Debt Relief Options
Resolving an IRS Tax Debt through a Debt Relief Company:
Have you ever dealt with an IRS representative who is less than helpful? This is a frustrating predicament for taxpayers that just want to put their IRS tax debt behind them so they can move on with their lives. However, it is easy to forget that the IRS is staffed by human beings with all the common foibles of ordinary people. Even though they may not always demonstrate them openly, IRS representatives often allow their own emotions and personal problems to creep into their work. Furthermore, IRS employees have varying levels of competency and skill. If you have been working with the IRS to settle your tax liabilities and feel that you have been treated unfairly or incompetently, you may want to look into a debt relief agency assisting you. There is never a charge to talk and to see what debt relief options are available, so give us a call at 866-376-9846. Debt relief companies have experienced tax officers that deal with the IRS for the consumer. Tax debt relief companies should not ask for the fee to be paid up front. There needs to be an investigation conducted prior to the debt relief agency even having the ability to determine if the consumer can be helped. There should be no charge for debt relief companies to conduct the investigation process necessary before determining if the consumer is eligible for tax debt relief help.
If you can’t meet the April 15 deadline to file your tax return; you can get an automatic six-month extension to file your tax return. Debt relief companies may determine for certain consumers that filing an extension is the best move at the current time. Golden Financial Services will connect consumers with a tax officer who can assist on helping the consumer to file a simple extension.
Injured Spouse Relief
A number of issues arise when you marry a person who has an IRS back tax liability. A common problem is that the IRS may begin keeping your annual tax refund to pay your spouse’s tax bill. Fortunately, the IRS Injured Spouse Debt Relief Help Program provides a fairly simple solution to this problem. Debt relief companies can assist consumers on the details regarding this program.
Many taxpayers that owe the Internal Revenue Service (IRS) back taxes and don’t have the ability to pay them often confuse “tax amnesty” with “tax resolution” or “tax debt relief help.” Tax amnesty refers to criminal tax matters while tax relief refers to non-criminal alternatives. In most cases, taxpayers seeking IRS tax relief do not owe the taxes because of criminal conduct. The IRS’ tax amnesty program called the “Voluntary Disclosure Policy” allows the IRS to forbear criminal prosecution of a taxpayer where a taxpayer voluntarily submits before the IRS has begun a criminal investigation.
Preparing Profit and Loss Statement for the IRS Collection Division
When working with a debt relief company there are several debt relief options available for the taxpayers with past-due federal income tax liabilities. The purpose of these various debt relief options offered by debt relief companies is to offer different ways for taxpayers to resolve their tax liabilities based on their unique financial situation. Some of the most common debt relief options or programs are the Offer in Compromise, Installment Agreement and Currently Not Collectible Status. All of these programs require the IRS to perform a detailed analysis of the taxpayer’s financial situation. In order for this analysis to be completed, self-employed individuals will be required to provide a Profit and Loss Statement. A Profit and Loss Statement is simply a document that lists all of the business income and business expenses over a specific period of time. Reputable debt relief companies will have experienced tax officers walk consumers through all these necessary steps and they will make things very easy for the consumer.
Innocent Spouse Debt Relief Options
More than a few married Americans have gotten an unexpected surprise from their marriage, an IRS tax liability. Fortunately, federal tax law provides these unhappy spouses (and former spouses) with possible IRS tax debt relief help under the Innocent Spouse Program.
IRS Collection Appeal Rights
What Collection Appeal Rights do taxpayers have with the Internal Revenue Service (IRS)? There are many IRS collection actions that the taxpayer can appeal. There are two main procedures available to taxpayers to contest collection actions by the IRS: Collection Due Process and Collection Appeal Process
Read more about other debt relief options to help with high credit card debt including a consumer credit counseling service and debt negotiation with the best debt settlement companies. You can also call in today for a free consultation at 866-376-9846
As a debt relief company, we can help you with your credit cards!
We can provide you debt relief help with your taxes!
We can teach you how to pay off credit cards on your own and faster, where you can save 1000s of dollars in interest!
We can teach you how to raise your credit score and much more!
Golen Financial Services – a Reputable Tax Relief Company
- Golden Financial Services was rated #1 for debt relief services by Trusted Company Reviews in 2018.
- Five-star average rating on Facebook
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- Featured debt relief company on CardRates.com
- Better Business Bureau A+ Rating
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- Certified by IAPDA
- Golden Financial’s CEO wrote the book on Debt Consolidation
Whether you have credit card debt or taxes, debt relief is here!