Your tax debt may tend to overwhelm you. The tax debt might be a bit too large for you to settle. Also, your monthly payments might be a bit too high for your current income. Tax resolution firms offer you services to negotiate with the IRS on your behalf such that the amount you end up paying in the long run or on a monthly basis is not too large for you to handle.
This service attracts a fee, but since these firms know the baggage on your shoulders, their fee will most probably fit within the amount that they negotiate on your behalf. When you get a warning notice from the IRS, you know that your financial record will be ruined. They may even seize your assets. This is the time to reach out to tax resolution firms.
Getting tax resolution firm services online needs a bit of some research. You might need some help getting started if you are new to this. We will provide guidelines on finding the best tax resolution firms online.
Does the Firm Offer Money-Back Guarantee?
It is quite normal to find a tax resolution firm that does not have a money-back guarantee. On the other hand, some companies will have no-time-limit money-back guarantees. These are the ones you would go for, but you need to check the terms and conditions that come with such an offer. You may want to know whether the money-back guarantee ensures that the total payment you end up paying is below what the IRS initially stipulated.
How Good Is Their Customer Service
A good tax resolution firm will ensure that its customers are attended to if they need help. Most of these firms offer a dedicated line through which you can reach them. However, you want to check whether that service comes at a fee. Some firms will tie that service to their money-back guarantee period. However, if the charges make sense, you may proceed and subscribe to that service for that eventuality when you may need a consultative session.
It is also good to inquire whether the customer service could be offered in other languages apart from English out of convenience. Go for that company that offers flexibility in terms of languages. Also, seek to know the mediums through which they will reach you and vice versa.
How Long Has The Company Been Operating?
Reliability is quite crucial when it comes to accessing the services of a tax resolution firm. The quickest way to gauge this is by establishing how long a firm has been in business. This will tell you whether they have enough experience to cater to your needs, especially for people whose tax liabilities may be a bit complex.
Check the Payment Plans the Offer
Different tax resolution firms have their unique ways of charging you for their services. Some will charge you per hour, while others choose to go with the standard percentage-based payment method. Some firms will charge you by the percentage of the amount of tax that you owe to the IRS. If you are dealing with a huge debt, the fees you incur can be quite high. Other firms will charge you depending on the amount of time required to settle your debt. They will then bill you a separate fee per hour for consultation services.
Is The Company Accredited By Relevant Regulatory Bodies?
To avoid scams, you may want to deal with a firm licensed by relevant regulatory bodies such as NAEA or NATP. Accredited firms can access information from IRS or other government bodies that regular people cannot easily get. This means that they can handle your tax calculations faster, and these calculations will be based on credible and well-updated data.
Personal and financial data is quite sensitive. You do not want to dish out such information to any entity online. This information can easily be used against you if it were to fall into the wrong hands. Falling for fraudsters while dealing with a debt crisis is not something you want to go through. This is why the firms’ accreditation status by the relevant regulatory bodies is crucial to ensure that your data is safe.
Where Is the Company Allowed To Operate?
The tax debt you are dealing with may need a company that operates within all states. This is because the tax may be either personal or tied to a business that operates in different states. Seek to know if the firm operates in all the states that may be involved before you commit.