I've been receiving a lot of e-mails from taxpayers that have been burned by shady Tax Relief companies, CPAs, and even attorneys! Many people look for help from an expert to make the Tax Resolution process easier. But how do you know which Tax Relief Professional or Company to choose?
Better Business Bureau Rating
Choose a Tax Resolution company with the highest possible rating with the Better Business Bureau. The Better Business Bureau assigns letter grades A through F to qualifying businesses. Many leaders in Tax Relief industry have low scores. You want to choose a Better Business Bureau accredited Tax Relief company with the highest rating possible and no unresolved complaints.
No Retainer Fee
Retainer Fees or Retainer Agreements are binding contracts. Once you sign one, the Tax Relief Company can charge more fees later. Look for companies with a flat fee that does not change.
No Pressure Agreements
No one should try to pressure you into an agreement on the phone. If you encounter a Tax Relief Professional that requests personal information like credit card or bank account information over the phone, it’s best to just end the call.
Qualified Employees
If you choose to work with a Tax Resolution Company make sure you are only working with one that employs Attorneys, CPAs, and Enrolled Agents.
Avoid “Pennies on the Dollar” Scams
The IRS issued a statement warning taxpayers to be aware of promoters that claim IRS Tax Debt can be settled for “Pennies on the Dollar”. Statistically, few Tax Debt cases are settled with an Offer in Compromise. And fewer still are ever settled for pennies on the dollar. Work with a Tax Relief Professional that gives you realistic expectations.
Good Signs
The following is a list of positive indicators that the company you’re working for is legitimate and trustworthy.
• Free Consultation: An honest company without anything to fear will offer a free consultation, giving you the opportunity to compare your options without losing any money.
• Experience: You should work with a company with at least 10 years of experience in the Tax industry.
• Flat Fee: A stated flat fee means you won’t be in for surprises later. Look for companies that charge a fair flat fee, and avoid companies that require you to sign a Retainer Agreement.
In the end, it’s your responsibility to make sure your Tax issues are taken care of in an honest and accurate manner. It’s imperative to be careful and make informed decisions when you choose a Tax Resolution Professional.