What is the best tax relief company?

A lot depends on how much you owe and your unique tax situation. Check our list above for the best-rated tax relief firms based on our algorithms and current community ratings. When looking for a tax relief firm, choose companies with proven experience that hire tax attorneys, CPAs, and enrolled... Learn More at SuperMoney.com

Can you negotiate directly with the IRS?

Yes, it is possible to negotiate directly with the IRS and state revenue agencies. If you owe less than $10,000 or your case is straightforward, you may be better off dealing directly with the IRS. However, unless you have considerable experience with tax law, you can benefit from hiring a tax... Learn More at SuperMoney.com

Are tax relief firms scams?

No, there are reputable tax relief firms that provide valuable services to taxpayers who are struggling with tax debt. However, as with any industry, there are some fraudulent companies that give the rest a bad name. Beware of companies that guarantee they can resolve your tax debt. You should also... Learn More at SuperMoney.com

What assets can the IRS seize?

The IRS can seize almost any of your assets. This includes real estate property, salary and wages, bank accounts, retirement accounts, pension plans, and social security, and more. However, they cannot take child support or unemployment benefits.

Does tax relief hurt your credit?

Agreeing to pay a tax bill by an installment agreement with the IRS doesn't affect your credit since installment agreements are not reported to the credit reporting agencies. Agreeing to pay a tax bill by an installment agreement with the IRS doesn't affect your credit since installment agreements... Learn More at SuperMoney.com

How long does tax relief take?

It varies depending on the complexity of your case. Simple cases, such as tax penalty abatement or installment agreements on small amounts, can take just a few months to fix. However, more complex cases with larger balances can take years to resolve.

How do you qualify for tax relief?

Eligibility requirements vary depending on the tax relief program you apply for. However, tax relief firms can't guarantee you will qualify for a tax relief program. Only the IRS or a state comptroller can make that decision. If a firm claims they can guarantee a certain outcome, they are probably a... Learn More at SuperMoney.com

What is the IRS Fresh Start Program?

The IRS Fresh Start Program is a program that is designed to allow taxpayers to pay off substantial tax debts affordably over the course of six years. Each month, taxpayers make payments that are based on their current income and the value of their liquid assets.

Does the IRS forgive tax debt after 10 years?

In general, the Internal Revenue Service (IRS) has 10 years to collect unpaid taxes. After that, the debt is wiped clean from its books and the IRS writes it off. This is called the 10 Year Statute of Limitations.

How can you select the best tax relief company?

Selecting the best tax resolution company firm to hire can be a challenge, but it doesn’t have to be. The key is to know the tell-tale signs of reputable and competent tax relief companies. When shopping for the best tax relief services, look for firms that have tax lawyers on staff, have been in... Learn More at SuperMoney.com

The Best Tax Relief Companies | December 2020

If you’re dealing with IRS tax problems, it can help to have trained tax professionals on your side. Here is our analysis of the the best tax relief firms.

Selecting a tax relief company is not something you want to leave to chance. You need a tax relief firm that has a solid reputation, provides a free initial consultation, and has certified tax experts on staff (preferably tax attorneys).

After analyzing more than 70 companies, here are the best tax resolution companies based on SuperMoney's algorithms and community feedback.