Imagine the realization that a mistake occurred on your taxes, and you owe the IRS money. You go through your options and turn to a back tax assistance service. Then, you later find out that the company you thought was going to help you turn your back taxes around is an elaborate scam more interested in getting your money than helping you.
This scenario actually happened to some Americans who were in a bind with their back taxes. It can be a scary situation and cause you not to want to seek help from aback tax assistance service. The good news is that not every back tax company is a scam looking to prey upon you while ignoring their promises to you.
When it comes to scams, victims often initially miss red flags. However, in hindsight, these red flags should have been signs that something wasn’t right with the company.
The red flags presented above are some of the most common that you can encounter when trying to find a valuable back tax assistance service. Often, if something feels off or wrong with the company that you started speaking with about your back taxes, trust your instincts and protect yourself.
When you receive a notice in the mail from the IRS, you’ll want to address it immediately. Waiting to address an issue with the IRS can mean that you may miss a deadline set by the IRS, which could increase your back taxses through fees or penalties. Contacting the IRS gives you the opportunity to discuss your options when it comes to repayments.
If you feel as though you’re overwhelmed when it comes to finding the right option for you, reputable back tax assistance companies may be your best option. These companies can work with you and the IRS to find a payment plan or offer in compromise that works for all parties involved. An offer in compromise is an agreement between you and the IRS that settles the back taxes for less than you owe. While the IRS may not be able to remove all fees and penalties, the agency may be able to present you with a reasonable offer.
The characteristics of a real back tax assistance company can help you pinpoint the differences between a real company and a scam.
Finding a company that doesn’t promise you an unrealistic outcome is another sign you’re working with a reputable company. Don’t rely only on what they have to say to you. Look online and talk to others about the company. You’ll often be able to find reviews and other information about the company. If you don’t see any information about a company, you may want to avoid it. If you find many negative reviews, it may be time to move on to the next potential company.
You should get a written contract that you’re able to go over carefully before you enlist any company’s services. This contract should detail what you can expect from the company regarding services and billing. The company you work with should be willing to go over the terms and conditions to help you make an educated decision on whether it can provide the right services for you to use.
Scam companies are a problem for the back tax assistance industry, and companies that genuinely want to provide a service to help people in need do exist. That’s where Solvable can provide assistance. We offer both educational services through our articles and resources along with our partnerships with companies that we know provide our clients with real services. It pays to do your homework. We’re here to help you with your research.