Wednesday, July 1, 2009

How do I know I am choosing the right Tax Resolution Firm for my IRS tax problems?

Unfortunately, there are a lot of tax resolution firms out there that will simply take your money and run. There are firms who call themselves the nation's largest tax representation firm but have been sued by many states. There are firms that call themselves the largest tax resolution law firm but have also been sued. So the size and claims of the firm are no guarantee that you will be represented well by that company. The easiest way to determine if the firm you are choosing is a good one is to simply look them up in search engines such as Google or through the Better Business Bureau. Look for complaints for the company you are looking up, and if there are none, then you know you are on your way to choosing the right tax resolution firm for you. For your convenience we have included a link to the BBB. Tax Resolution Firms Better Business Bureau Rating JG TAX GROUP takes great pride in our A RATING with the Better Business Bureau. Our A RATING proves that we take you situation as seriously as you do! You should not take advice from any firm unless they can prove that they will treat you in an honest and ethical manner. The way to evaluate any Tax Resolution Firm is to check their rating with the Better Business Bureau. We have listed just a sample of Resolution Firms and their Better Business Bureau Rating.

Company Name Better Business Bureau Rating JG TAX GROUP

411 TAX RELIEF

ALLIED TAX SOLUTIONS

AMERICAN TAX RELIEF

CLEAR CREEK CONSULTING

EFFECTUR

FREEDOM DEBT RELIEF

FREEDOM TAX RELIEF

JK HARRIS

NATIONAL TAX SOLUTIONS

Nationwide Tax Relief

INNOVATIVE TAX RELIEF

RONI DEUTCH

TAX CARE PROFESSIONALS

TAXMASTERS

TAX RESOLUTION SERVICES

TAX INCORPORATED

TITAN TAX RELIEF

URGENT TAX CARE A

F

F

F

C

C+ (Greensboro, NC)

F (San Mateo, CA)

F (San Mateo, CA)

F (N.Charleston, SC)

UNSATISFACTORY

F ( Brentwood,CA)

F

B- (Tolleson, AZ)

F

UNSATISFACTORY (Houston, TX)

B+ (Encino, CA)

F

C (Carlsbad, CA)

C

What options are available to me to solve my tax problems?

Among several services we offer are: Installment Agreement - A monthly payment plan set up to pay back the taxpayer's tax liability. The IRS has guidelines as to what amount they will accept and the time frame they will accept it in. A financial profile is required from the taxpayer before the tax resolution firm can negotiate an installment agreement. Offer in Compromise / Tax Relief - An offer to the IRS to lower the total tax liability owed by the taxpayer due to financial constraints. This is a very popular solution advertised by most firms, but not always effective. More below. Currently Not Collectible - When the taxpayer cannot afford to pay the IRS monies due to a lack of assets and low income or no income (recently laid off due to current economy) then the IRS will deem the taxpayer Currently Not Collectible and agree that their tax liability will be waive for the time being. Penalty Abatement - The IRS asseses penalties and interest on tax liabilities so over time taxes due years ago can increase from hundreds to thousands of dollars. The IRS will sometimes lower or eliminate these fees with a well worded request. Bank Levies/Wage Garnishment Release - The IRS will collect their monies due by any means necessary. They may take all your assets with a levy or garnish up to 70% or your wages. A tax resolution firm can negotiate with the IRS to have these released in as little as 4 business days. Audit Representation - If your are currently being audited and you don't know why then it is very important to be represented by tax professionals who can get to the bottom of the problems and fix them. We can even have your past audit reopened if you feel you did not get a fair shake. I have unfiled taxes from previous years but no longer have my records from those years. Can you help me? JG Tax Group can prepare your past unfiled tax returns by requesting your IRS wage transcripts and completing a tax questionnaire. Is there anything I need to do before I can solve my tax problems? Before the IRS will accept any negotiations to solve your tax liability you will need to be in compliance with any unfiled tax returns. Any unfiled taxes up to ten years ago may be required to be prepared and filed with the IRS. The tax resolution firm I contacted has told me that they will solve my problems with an Offer in Compromise. Is this true? Caution! Do not be misled: Many people do not qualify. The Offer in Compromise (OIC) process is long and difficult, and the Internal Revenue Service rejects the great majority of the offers it receives.

Annually, the IRS accepts approximately 14% of the Offers in Compromise it receives. That's down from over 17% in 1997 through 2001. Why? Former IRS Commissioner Mark Everson, who served from 2002 through 2007, disliked OIC acceptances and did much to discourage them. By doing so, he also discouraged OIC submissions by ethical tax professionals, who choose not to accept a fee for submitting an OIC which the IRS very probably will reject. As a result, there has been a big drop in the number of OICs received annually by the IRS.

Only taxpayers with a certain financial profile qualify for the program. Simply put, if there are enough assets and income available to the taxpayer, he or she does not quailify for an OIC. But unscrupulous tax resolution firms will not disclose this information to the taxpayer. They will take the taxpayer's money, fill out an application and send it in to the IRS, regardless of whether the taxpayer has a legitimate chance of success. The tax firm will consider the "job" completed with the submission of the OIC and hold no further obligation to the customer. A tax resolution firm with your best interest in mind will let you know upfront that there are several options avaialble to you, including the OIC, but also where you fit in, especially after a comprehensive financial profile. With over 120 years of combined insider IRS experience, JG Tax Group will let you know upfront whether you do or do not qualify for an OIC and what your other options may be. The IRS is sending me letters and calling me. What should I do? The IRS is the world's largest collection agency. They will ask the taxpayer for information on their employment, bank accounts, properties owned, automobiles and any other assets they may have for the purpose of knowing what they can levy or garnish. They will note down all conversations with the taxpayers for future use by other agents. The IRS can seize just about any assets needed to pay unpaid taxes. One of the main reasons to hire a tax resolution firm is for the experience they bring in dealing with the IRS. When you hire a tax resolution firm they will take care of all communications with the IRS so you do not have to deal with the harassing phone calls and upsetting letters. The firm will also compile a comprehensive financial profile for the taxpayer using both information from the taxpayer as well as all records that the IRS has on the taxypayer. The professionals at JG Tax Group know how the IRS thinks and what they are looking for and therefore any negotiations with the IRS will be done from a place of power and not fear. I have a tax liability from years past when I was single but am now married. Does my new spouse share in my tax liability? If you have been assesed taxes due while you were single or married to another person, your new spouse does not share in your tax liability. But the IRS may still request your new spouse's financial information because they need to know what your household can afford to pay the IRS. But the truth is that only the taxpayer who filed those tax years is liable for them. A tax resolution firm will make sure that your spouse is not involved in your tax solution and that the IRS will only deal with what you can afford to pay. My financial institution received a bank levy. What can I do? When a levy is issued, the government actually takes money out of your bank account or collects money owed to you or your business. They will keep sending a notice to your financial institution to wipe out your account periodically. JG Tax Group will remove the bank levy within 4 business days. I have a wage garnishment in effect. Can you help me? JG Tax Group can release wage garnishments within 4 business days or stop them temporarily and give you the time you need to get in compliance with the IRS. Read more about one of recent success stories. Can the IRS take my house? Property seizures are all but non-existent due to the IRS Restructuring and Reform Act of 1998, but the IRS will still threaten to take your home, cars and retirement accounts in order to scare you into complying with their demands. Representation from JG Tax Group protects you from these threatening tacticts. Can I go to jail for owing back taxes? Debtor's prisons were elimiated long ago. Nowadays, people usually only go to jail for tax evasion, or the willful exercise of not paying taxes on money earned.

For a free confidential analysis, please call us today at

1-800-536-3077

3 comments:

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  3. Hi Guys,

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    Thanks

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