Best Tax Relief Reviews of 2023
There are a lot of people out there who are struggling with tax debt. It can be a really stressful burden, and it can cause you to make some bad decisions. But there is help available. There are professionals who can assist you in getting your taxes back on track. Don’t let your tax debt control your life. Get the help you need and get things under control.
Our Research On The Best Tax Relief Companies
Owing a large sum of money in taxes can be highly stressful. Fortunately, there are tax professionals who can help you get your debt under control and start fresh. With the proper assistance, you can develop a plan to pay off your tax debt and get back on track financially.
Various companies offer tax relief services. These services can help you negotiate with the IRS or state tax agencies, set up a payment plan, or achieve “currently not collectible” status. This can be beneficial during financial hardship when collections would otherwise be paused. It is essential to choose a company with experienced tax attorneys who have a thorough understanding of tax law and the ability to negotiate on your behalf.
When it comes to picking a tax relief company, there are a lot of options out there. So how do you know which one is right for you? To make your decision easier, we’ve reviewed the top tax relief companies of 2023. We’ve also put together a guide on what to look for in a significant tax relief company. Here’s what you need to know to find the best tax relief company.
Anthem Tax Services
Anthem Tax Services offers a full money-back guarantee, meaning you will get all of your money back should we be unable to reduce or eliminate your tax debt. This makes us one of the best tax relief companies out there, as it protects you against any potential losses.
Anthem Tax Services understands the challenges associated with IRS tax debt. Their programs include offers in compromise (OIC), innocent spouse tax relief, and “currently not collectible” status to help you get back on track. Their corporate tax preparation services can help you avoid potential problems and save money. They also assist clients in filing for wage garnishment and tax levy release, services that are not commonly offered by their competitors.
With Anthem Tax Services, you can get your finances back on track with a money-back guarantee. Their initial investigation fee starts at $275 – but if they can’t secure a reduction in payment amounts or tax debt forgiveness from the IRS, they’ll refund your money.
Tax debts as low as $7,500 are eligible for free consultations at Anthem Tax Services. They charge a flat rate fee upfront, which can vary per customer but generally starts around $3,000. If additional services are required, the price may change.
Optima Tax Relief
A great mobile app makes Optima Tax Relief one of the leading tax relief companies in the industry. The site allows users to file a free tax extension and understand what to do when they receive an IRS notice. As a result, they are a top choice for anyone who needs help with their taxes.
From payment plans to “currently not collectible” filings, Optima Tax Relief services work with every type of IRS and state tax debt relief option available. Among the staff of this tax relief company are enrolled agents, tax attorneys, and certified public accountants.
If you receive an IRS collection notice, you can use Optima Tax Relief’s free app to assess the situation and request an extension. You can avoid penalties and buy yourself some time by doing this.
Optima Tax Relief team of experts will work with you to ensure that your taxes are filed correctly and on time. Optima Tax Relief also offers free consultations to help you understand their process and what they can do for you. After setting up a protection plan to halt any immediate IRS action against you, they provide you with a case summary.
Optima Tax Relief charges an investigation fee of approximately $295, and you must have a minimum tax debt of $10,000 to qualify.
Community Tax is one of the leading tax relief companies in the industry. Additionally, Community Tax offers a $295 investigation fee in addition to free consultations.
Looking for a bilingual tax relief company? Among our list of tax relief companies, Community Tax is one of the few that can assist you with filing your taxes and getting relief from tax debt. You can also get all the help you need from Community Tax’s bookkeeping and accounting services. There are plenty of satisfied customers at Community Tax Relief Company, which has an A+ rating with the BBB. Community Tax relief company’s prompt response to complaints is just one of the reasons why it is so highly rated.
People with tax debts can benefit from Community Tax Relief by entering into an installment agreement or negotiating a compromise offer. Even though Community Tax does not offer innocent spouse tax relief, they may still be able to help you.
In addition to servicing tax debts as low as $10,000, Community Tax offers a money-back guarantee that varies by state, ranging between three and ten days, and provides a full refund if the issue cannot be resolved. A $275 fee is charged for the initial investigation.
Larson Tax Relief
Larson Tax Relief Services is one of the top tax relief companies of 2023 when it comes to tax debt relief. They offer a wide range of services, including payroll taxes and federal tax issues, conflicts with your revenue officer, and worker classification issues. They will help you get your finances back on track and prevent further problems down the road. In 2023, Larson Tax Relief was ranked as one of the top tax relief companies for businesses and corporations. A variety of services are offered by them, including payroll taxes, federal tax issues, conflicts with your revenue officer, and worker classification issues. Get your finances back on track and avoid further problems with their help.
Larson Tax Relief services can provide several tax debt relief services, including personal and corporate tax debt relief and assistance in delaying or preventing bank levies.
Larson is a top-rated business tax relief company. They can handle everything from payroll and corporate income taxes to small business paperwork. Particularly for those with smaller accounting departments, they are a valuable resource.
Larson provides free consultations. To take on your case, it requires that you owe at least $20,000 in taxes. Larson’s charges $200 for tax returns, $250 for research and discovery, and $1750 for representation or power of attorney.
Larson offers a full refund if you are unsatisfied with your purchase within 15 days. When compared to other tax relief companies that offer 30 days, Larson’s policy is on the shorter side. So if it takes weeks for your case to be resolved, you might not be able to take advantage of this guarantee. With Larson Tax Relief, you can receive several tax debt relief services, including help delaying or preventing bank levies and relief from personal and corporate tax debts.
Perfect Tax Relief
To determine if Perfect Tax Relief can help you get a settlement, they offer a free and confidential consultation. Each step of the way, their team of tax experts will develop a customized strategy for your case. To stop further IRS action, you must first place a hold on your case. After that, the company’s tax experts will review your transcripts. The tax professional will work with you to reach the most favorable settlement. Ideally, you’ll only have to pay a fraction of what you owe. In addition, Perfect Tax Relief provides support after the payment so that you can remain compliant.
Perfect Tax Relief is the company we recommend. A full-service tax firm, they can assist with a variety of tax issues, including back taxes and unfiled tax returns. Perfect Tax Relief may be able to help you get back on track after the IRS garnishes your paycheck or tax refund. Your enrolled agent, CPA, or tax attorney will develop a personalized strategy for your case. You can start by requesting a free consultation to discuss your situation and ask about costs and guarantees.
The Tax Resolvers handle IRS and state tax issues. Their tax and financial professionals can answer your questions and negotiate a settlement or payment plan with the IRS or state tax agency on your behalf. A+ BBB rating and good reviews from customers demonstrate that The Tax Resolvers provides excellent service. Getting help from The Tax Resolvers is possible if you are struggling with back taxes and penalties.
Tax Defense Network
Tax Defense Network prides itself on providing outstanding customer service in Spanish and English. You can contact their representatives online or by phone if you need help with your taxes. As well as accepting tax debts as low as $5,000, they are more accessible than most competitors.
Tax Defense Network offers a full range of IRS and state tax debt relief services (payment plans, offers in compromise, innocent spouse tax relief, etc.) for businesses that need to permanently close down (close corporate filing services, for example). In addition, Tax Defense Network provides specialized business tax services, more comprehensive educational resources, and offers-in-compromise calculators.
This tax relief company offers free consultations but offers a 3-day money-back guarantee much shorter than most of its competitors, offering 15 days. However, the numerous positive reviews received from current and former customers can be attributed to the extensive certifications and memberships in national tax professionals organizations.
Precision offers tax debt relief services to individuals and businesses. Their services include wage garnishment and lien release, which can provide significant financial and tax tax relief. To avoid tax debt issues in the first place, they also offer individual and business tax preparation services.
Precision is known for its interest-free payment plans. A 30-day money-back guarantee is also quite generous, as many tax debt issues can be resolved within three to four weeks.
Fees and rates are not advertised upfront, but are always disclosed during the free consultation.
Victory Tax Lawyers
Victory Tax understands that dealing with taxes can be challenging for individuals and businesses alike. To help you stay on top of your tax obligations, they offer a range of services. From tax preparation to levy defense to audit representation, they have you covered.
If you have bank accounts outside the U.S., they will help you file a Report of Foreign Bank and Financial Accounts (FBAR).
In addition, their minimum tax debt is $20,000, which is much higher than the average of other tax relief companies.
A Guide to Tax Relief
The correct tax relief option can take some time; there are many options to choose from. The purpose of this guide is to provide an overview of tax relief concepts and companies’ different programs. As a result, you can make an informed decision about which program is right for you.
How Does Tax Debt Relief Work?
The term tax debt relief refers to several measures and strategies designed to assist individuals in paying their taxes or reducing their tax obligations.
To help those who cannot pay their tax debt, the federal and state governments offer payment plans, settlements, and wage garnishments. These programs can be a huge help to taxpayers who are struggling to meet their obligations.
You have a few options when it comes to paying taxes. The regulations for paying taxes vary by state. There are a few options available for payment, in some cases, it may be worth hiring a tax professional to negotiate these options directly with the IRS.
Tax relief companies may be able to assist you if you’re having trouble paying your taxes. Businesses like these specialize in helping people resolve their tax problems, often by negotiating with the IRS on their behalf. Despite the complexity of the process, working with a tax relief company may help you achieve your goals.
In some complicated cases, tax attorneys employed by tax relief companies can act as your intermediaries when dealing with the IRS.
What Are Tax Relief Companies?
To reduce the amount of back taxes owed, tax relief companies can do several things. The IRS can also provide many of these services directly by speaking with them directly. There are a few key characteristics that set reliable tax relief companies apart. Firstly, they employ tax professionals with years of experience in tax law. It is easier for them to handle complicated cases involving high tax debt amounts. Tax law is also an imperative aspect of a reliable tax relief company. It’s probably wise to contact the IRS if you’re behind on your taxes. You can do most of what these tax relief companies can do for you on your own.
You’re not alone if you’re worried about taxes. There are many people who struggle with tax debt and don’t know where to turn for help. Some tax relief firms offer free consultations to get you started. Make sure you take care of your tax debt once and for all – don’t let it overwhelm you.
Negotiating tax debt with the IRS isn’t a hard and fast rule. If your outstanding balance is less than $10,000, you may be better off going it alone. Most tax relief companies only work with clients who meet a minimum debt threshold. Most companies require a minimum tax debt of $10,000 or more. Furthermore, if your tax debt is below that amount, paying the IRS in installments could help you avoid adding to your overall tax debt. On behalf of their clients, they negotiate with the IRS to reduce or eliminate their tax debt.
You’re not alone if you’re worried about taxes. There are many people who struggle with tax debt and don’t know where to turn for help. Some tax relief firms offer free consultations to get you started. Take care of your tax debt once and for all by getting help.
The Most Common Tax Problems
There are several potential problems that can arise from mistakes made during the tax filing process or from not filing a return at all. Tax relief companies can help with the following issues:
Back taxes are what you owe the government because you failed to file your taxes or made mistakes. If you don’t stay up-to-date on the IRS website for the latest information on penalty rates, your tax debt will grow until it’s much more than you can afford.
By using tax preparation software, you can avoid paying back taxes. Find the best tax software for your needs with our article on the best tax software.
If you don’t pay your taxes, the IRS will eventually take action to collect the debt. Your employer may be instructed to withhold a portion of your paycheck until the debt is paid through wage garnishment.
Publication 1494 from the IRS outlines how much of your wages can be garnished based on your marital status and number of dependents. There may be other repayment options available through tax relief companies in addition to wage garnishment until the debt is satisfied.
Similar to wage garnishment, the IRS notifies financial institutions and other relevant parties that they will receive proceeds from the sale of personal property first.
The IRS can seize your property to pay your debt when it imposes a tax levy, which is more severe than a tax lien.
Your taxes may be audited by the IRS if they find irregularities. Wealthy individuals, however, are more likely to be audited than those with lower incomes. People who earn $10 million or more a year are especially affected by this.
What Are The Costs Associated With Tax Relief?
Tax relief services do not have a one-size-fits-all cost. You will be charged based on the size of your tax debt and the complexity of your case. It is possible to choose between two standard pricing models: a percentage of the debt owed or a flat hourly rate. Depending on your specific circumstances, you will be able to choose the most cost-effective option.
A percentage-based payment plan is available from many tax debt companies. Rates typically range from 10-15% of the total debt. A minimum of $1,000-$1,500 can be expected if you owe $10,000 in taxes.
When looking for affordable tax relief services, the type of tax relief company you choose can make a big difference. A flat hourly rate may be more affordable if you owe a large amount but your case is relatively straightforward. You may want to consider companies that charge a higher rate if your issue is more complex.
Some companies charge differently for different services. Tax relief services such as offer in compromise (OIC), which allows you to settle your tax debt for less than originally anticipated, may charge you a flat fee of $300.
Ask as many questions as possible before you engage the services of a tax relief company. This ensures that you get what you expect and that there are no hidden fees. To avoid any surprises later on, get quotes in writing and learn about all payment options.
Options For Tax Debt Relief
Those struggling to pay their taxes have a few options. There is information on these options on the IRS website, or you can speak with a representative over the phone. Local tax programs may also be offered by state agencies. Another option is to contact a tax relief company, but do your research first.
Tax resolution services offered by private companies can only review your case and suggest the best option based on the information they have. You can get all the information you need yourself, and they can’t guarantee a specific outcome.
It may be better to speak directly to the IRS if you have a complex tax situation with multiple sources of income and a complex stock portfolio.
Offers In Compromise
You may be able to settle your tax debt for less than you owe the IRS if you are unable to pay the full amount. A compromise offer is what this is called.
When determining whether you qualify for an offer in compromise, the IRS will consider your ability to pay, income, expenses, and assets. The IRS may accept your offer in compromise if they believe it is all they can collect from you “within a reasonable timeframe.”
Most people will not qualify for offers in compromise since they are not common.
Innocent Spouse Tax Relief
When your spouse makes a mistake on your taxes, you may qualify for innocent spouse tax relief, which can exempt you from any penalties. You are only entitled to this if the IRS decides that you had no way of knowing about the omission and it would cause undue hardship for you to correct it.
If you owe taxes and cannot pay the full amount right away, you may be able to set up an installment plan with the IRS. Installment plans allow you to make smaller payments over time.
In installment plans, there are two types: short-term and long-term. The short-term plan is for taxpayers who can repay their debt within 180 days. Monthly payments are required for those who need more time to pay for a long-term plan.
An installment agreement does not require a specific amount of debt. On the other hand, online applications are only accepted for long-term loans of $50,000 or short-term loans of $100,000.
Paying your taxes on time is the most effective way to avoid penalties. However, if you do incur a penalty, there may be some tax relief options available to you. “First-time penalty abatement” can often be applied to lesser penalties, such as failing to pay on a single tax return or missing a filing deadline. In order to qualify for this type of tax relief, you must have no penalties for the previous three tax years and have filed your tax return.
Currently Not Collectible
If you owe taxes but can’t pay them, you may qualify for “currently not collectible” or CNC status. You and the IRS agree that paying your taxes would unduly burden your living expenses. A CNC application must demonstrate that paying your taxes would prevent you from paying for essentials such as housing, utilities, food, or other necessities.
If the IRS grants CNC status, they’ll review your finances every year to see if your situation has changed. Additionally, any future tax refunds you receive may go towards paying down your debt while you’re in CNC status.
IRS Fresh Start Program
In order to make tax debt relief more accessible, the IRS offers the Fresh Start Program. It makes it easier for taxpayers to qualify for IRS tax relief programs by lowering existing requirements.
The IRS has changed the way it calculates income when determining eligibility for offers-in-compromise. Four years of future income were considered for offers paid in five months or less, and five years of future income were considered for offers paid in six to 24 months. For offers paid in five months or less, only one year of future income will be considered, and for offers paid in six to 24 months, two years.
Tax debt relief is something you should know if you’re looking for it. First, all offers must be paid in full within 24 months of acceptance. To determine what options you qualify for, tax relief companies will evaluate your case and check Fresh Start guidelines.
Other Services Provided By Tax Relief Companies
Audit defense services are offered by some tax professionals if you’re concerned about being audited by the IRS. They will help you resolve audits for an additional fee, usually for three years.
Choosing audit defense services is a personal choice. In 2019, the IRS audited only 0.45% of individual tax returns. Audits were more likely to occur for people earning over $1 million.
Here Are Some Alternatives To Using A Tax Debt Relief Company
Direct Negotiation with the IRS
You may be able to negotiate directly with the IRS if you owe less than $10,000 in taxes. A tax debt relief company may be more expensive than using this method. Take advantage of the IRS’s payment plans and debt reduction options if you are comfortable completing your own tax returns.
Tax Relief Lawyers
Consider working with a tax relief lawyer if you’re struggling with tax debt. When your case could result in criminal charges, they are more specialized than CPAs or enrolled agents.
Scam Alert Regarding Tax Relief
You’re not alone if you’re struggling with tax debt. Over 60 percent of Americans cannot pay their taxes in full, according to the IRS. It’s understandable that you’d want to find a tax relief company that can help lower your debt if you’re overwhelmed by tax debt. The FTC warns that not all tax relief companies have your best interests at heart.
Tax relief companies that promise to settle your tax debt within a specific time frame should be avoided. Most of these tax relief companies are fraudulent and will simply take your money without doing anything. Tax relief companies have even been reported to make unauthorized charges to customers’ credit cards long after the case is closed, according to FTC reports.
Look out for some key red flags when considering using a tax relief company. It is a red flag when company representatives make grandiose promises without knowing the details of your case. It is also a red flag if the tax relief company demands upfront payment for supposedly guaranteed results. Be wary if the company contacts you via cold calls or unsolicited mail/email, as this may indicate they are using delay tactics. Additionally, if the company repeatedly requests the same documents, that could be a sign of stalling.
How do you know which tax relief company to trust? There are many tax relief companies out there, but how do you know which one to trust? Look for companies that are transparent about their costs and processes instead of those that make specific promises. Be sure to take advantage of the free consultations offered by many reputable tax relief firms before making your final decision. Lastly, check to see if the tax relief company is accredited by the National Association of Tax Professionals (NATP), the National Association of Enrolled Agents (NAEA), or the Association of International Certified Professional Accountants (AICPA). Working with a reputable, reliable company will give you peace of mind.