Hiring a Tax Resolution Company
How to Hire a Tax Resolution Company You Can Trust
The Tax Resolution industry has experienced a sharp increase in growth over the last couple of years. This can be attributed to the recent enforcement of the Internal Revenue Service Tax Compliance Act. As a result, there has been a rapid surge of new generation companies promising taxpayers of handling all of their tax issues or concerns.
While most of these firms promise to help leverage and settle taxpayer’s debt; Lately, most of these tax resolution companies have been making headlines for making false claims and misleading taxpayers with a deceptive advertisement. Companies have gone to great lengths to hide their mishaps by creating multiple websites, fake online reviews, hindering the actual volume of complaints by tying refunds to release of liability agreements. Some have even gone to the extent of opening new companies in an attempt to bury the mistakes they made in the past.
Before hiring a company to help handle tax issues, there are certain factors that businesses and individuals should consider. Below are some of the most important factors to review in order to choose a reliable Tax resolution firms and avoid having your tax issues been mishandled.
• Check The Track Record
A company track record is the best objective indicator of how it handles issues and its success rate. You should always check the track record of the tax resolution firm before you decide to hire them. Check how many Offers in Compromise the company has successfully settled. The total dollars negotiated in settlements, interest and penalties owed should also be reviewed before hiring. Also, verify whether the credentials of the firm are substantiated by an independent third party such as the Better Business Bureau.
• Avoid Large Upfront Fees
Avoid companies that charge large upfront payment before getting started. Never give in to promises of service after full payment; If a company is demanding a large upfront payment, you should probably ignore it. A tax resolution company should not charge a full fee until the client and the tax attorneys assigned assess and understand exactly what has to be completed in order to get back into compliance and obtain the best resolution.
• The Contract
No matter what a sales representative says to you or how much a company tries to deceive, never fall to any deceptive advertisement from a company. The contract dictates the terms of service for the company and customer. Ensure you read and understand the contract before signing it. If a company claims they will refund 100% of your money back and it is not stated in the contract, back off.
• Beware of companies that guarantee specific results
Taxpayers should avoid firms that guarantee specific results without assessing the client’s financial situation. All company must abide by the tax code, and none is capable of bending the rules in order to handle your tax issues. You should not hire a company that guarantees specific result without properly evaluating your financial situation and transcripts.
• Tax Professional Working Your Case
It is very important to know the people who will be doing the work on your behalf. Inquire about the attorneys, EAs, or CPAs that will be working on your case. Once you find out the professionals that will be handling your case, check their credentials and be sure they are fully licensed. This will guarantee you that your tax issues are being managed by qualified professionals.