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Tax Debt Relief

When Should I Hire a Tax Debt Relief Company? Top 4 Reasons



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Summary: We review the top four most common reasons people should hire a tax debt relief company.  

If you owe the IRS money, you’re probably wondering what to do. Hiring a tax debt relief company is one option. You can try to manage the IRS on your own, but sometimes professional help is your best bet.

I know what you’re thinking…

Can’t I just do it myself?

But here’s the thing: the IRS doesn’t mess around. 

If you owe the IRS $10,000 or more, it’s serious.

Before you run for the hills, know that there is a way out. 

And you know what?

Hiring the best tax debt relief company can take the pressure off. 

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No Money to Pay the IRS?

Get a free consultation with a tax relief expert to see if you qualify for the Fresh Start.

It's quick, easy, and free.

If you want to make things a little easier, hiring an expert can help. They can talk to the IRS on your behalf, negotiate your tax liability, and even get a bank levy lifted.

And now I bet you’re thinking that having someone else do the dirty work sounds pretty good, right?

So, let’s get down to business. 

If the IRS is sending you bills, here’s when to hire an expert to help with your tax debt.

You're here because you already know about the power of the IRS, their power to garnish wages or file a tax lien on your property, and it's reached the point where you need to act.

You're in the perfect place!

By the end of this article, you'll be able to make a great decision about your next step whether it will be attempt this on your own or choosing to hire an expert to help.

Reason 1: Your Tax Bill Is Past Due

Do you owe $10,000? Or maybe you owe the IRS $16k or more?

Whatever your balance, one thing is for sure:

Getting slapped with a sizable tax bill is no walk in the park. If you don’t have the money to pay, how will you deal with the IRS?

Here’s the deal: you don’t have to face the music alone.

Give yourself a break.  8% of all U.S. taxpayers are delinquent.  You are not alone!

A tax debt relief company will know what options are available if you can’t pay your bill. 

And here’s the bottom line:

If you give the IRS the cold shoulder, you’ll rack up an enormous amount of fees and penalties. The costs can range from 5% of your balance all the way up to 25% of your unpaid taxes.

That means a balance of $10,000 can turn into $12,500 in no time at all.

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See if you qualify for tax relief.  Get a free consultation with a tax relief expert to see if you qualify today.

It's quick, easy, and free.

Reason 2: You’re Curious About Tax Debt Forgiveness

You must be wondering why the IRS would charge fees on top of a tax bill you can’t pay? 

Surely there must be a way to get out of paying tax debt you can’t afford!

The truth is that the IRS can forgive some – or all – of the money you owe.

They call it an “Offer in Compromise” (OIC), and it’s when you ask the IRS to settle for an amount that’s less than the amount you owe. 

Our #1 pick is because they can improve the chances of your OIC being accepted.

Offer in Compromise Mistakes:


Tax relief expert (and former IRS revenue officer) Jeffrey McNeal says when he processed offers, he saw tons of mistakes made on the forms, even when prepared by CPAs and enrolled agents!

But in 2017, the IRS accepted only 25,000 of the 62,000 offers it received. 

That means your chances of paying less than what you owe is barely 40%.

Fortunately, a company that specializes in tax debt relief will know exactly what to include when submitting an OIC.

Optima Tax Relief

Hire a tax relief company, and they’ll do all the talking for you!

The company will negotiate on your behalf, so you don’t have to feel the stress or spend precious hours on the phone with the IRS.

Get a free second opinion!

Reason 3: You Want a Payment Plan You Can Afford

But what if you’re like most people and don’t have cash lying around to pay off tax debt?

Well, there is a simple solution.

Just ask the IRS to let you set up a monthly payment plan. It’s called an Installment Agreement, and you’ll use IRS Form 9465 to get started.

The good news is that the IRS can give you up to 72 months to pay back tax debt. At this rate, your balance due of $16,000 would only require a payment of about $225.

Quick Tip:

Once you start an installment plan, you will have a harder time qualifying for a debt reduction request later.  We recommend you speak to an expert to see if you qualify for tax relief first.

But there is one problem.

Payment plans can be very different.

And your actual payment might be higher because of application fees and other costs assessed by the IRS.

To make sure you get a payment plan you can afford, talk with an experienced tax debt relief company. Make sure they take the time to explain your options so you understand your options.

Get a free second opinion!

Reason 4: You Have a Tax Lien Notice

You probably heard about tax liens or tax levies at some point, but you might not know what that means.

Let me walk you through the basics:

  • A tax lien is when the government makes a claim on your property, such as real estate or other assets you own.

  • A tax levy is what happens after the tax lien when the government takes your property away from you. The IRS can garnish your wages, seize assets, and freeze your bank accounts.

Basically, it comes down to whether or not you work with the IRS to take care of the money you owe them.

Before you ask for professional help to review your taxes or get a tax lien removed, make sure you’re working with a reputable company. A ton of tax relief scams exist, and the last thing you need is another financial mishap on your hands.

Get a free second opinion!

Reason 5: You Don’t Want to Deal with the IRS

Life is busy. I get it.

Sometimes you don’t have the time (or energy!) to deal with things you know you should, like the IRS.

Luckily, you don’t have to do it alone.

And even if you could take care of tax debt on your own, it doesn’t mean you should. After all, tax law is complicated.

If you don’t know what you’re doing, DIY tax debt relief can get you into trouble.

Plus, it can eat up a lot of your time. 

If you just don’t want to deal with the IRS, hiring a professional makes sense.

Then, instead of you going back and forth with the IRS, you simply leave it to the experts. They’ll negotiate on your behalf and explain things in a way that you can understand.

Get a free second opinion!

Examples of success:

I browsed through dozens of testimonials from tax relief companies to find these.  Of course there were dozens and dozens I found for a higher starting balance.  

Initial Amount Owed

Resulting Amount Owed

See Testimonial

Tax Relief Company Used

Eric Owed $15,000

$3,500

Miguel Owed $11,000

$0

David Owed $15,000

Less than $1,000

Gary Owed $13,000

$0


Benefits to Hiring a Tax Relief Company:

You might think the only benefits to using a tax relief company would be to help reduce a balance.  But after reading hundreds of reviews of tax relief companies, we’ve discovered that tax relief companies help Americans in a variety of ways:

  • provide guidance on audits
  • help set up payment agreements with the IRS
  • help get current on any unfilled tax returns 
  • some may be able to stop potential penalties such as wage garnishments

Most importantly, they pause the stress of dealing with the IRS - Typically any case submitted to the IRS takes months (or years) to review.  While waiting for their response, the IRS typically suspends any collection activities, and will often life wage garnishments, as is the case with an Offer in Compromise submission.

Our #1 choice for tax debt relief is Optima Tax Relief.  Click here to set up a free consultation.

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IRS Writes Off Millions Yearly

See if you qualify for tax relief.  Get a free consultation with a tax relief expert to see if you qualify today.

It's quick, easy, and free.

Don’t Do It Alone!

If the IRS sends you a letter claiming you owe taxes, it’s a perfectly acceptable reason to panic. 

And there’s a pretty good chance you’ll want help from a tax debt relief company.

A tax debt specialist can help you set up a payment plan, ask for an Offer in Compromise (OIC), or file an appeal to review your lien or levy notice.

Get a free second opinion!


amy beardsley

By Amy Beardsley

Amy is a personal finance expert and freelance writer and owner of Early Morning Money, She has bachelor degrees in business administration and legal studies, and her work has been featured on The Huffington Post, Money Tips, and many other personal finance publications. 


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