tax debt relief scam

Protecting Yourself from Tax Relief Scams Nationwide Certified Public Accountant. The problem is that many of these companies simply cannot do.

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William McConnaughy The Tax Help Pro is led by William McConnaughy himself.

. Signs of Tax Debt Relief Scam. All three companies specialized in tax debt relief They promised to settle tax debts for pennies on the dollar They charged upfront fees in the thousands without ever looking at their clients tax documents. It occurs when the victim pays money to someone expecting to receive something in return. Tax Relief Scam 1 Non-Refundable Upfront Payments Without Any Guarantees The most common scam performed by these companies is to charge money upfront while promising to get results that they know are unpredictable if not impossible to achieve.

The advance fee scam. The only time the IRS may contact you is if they need to verify some information or if they are. According to the Federal Trade Commission the most common tax relief scam is when a company charges taxpayers to negotiate with the IRS on their behalf but. There are horror stories that add insult to injury.

Most legitimate tax debt relief companies wont ask for fees up front or will only ask for a small amount. What are the warning signs of fraud. One of the best ways to guard yourself against being the victim of IRS tax debt relief scams is not to let yourself be persuaded to do business with someone out of desperation. Youve probably heard the radio ads where former IRS agents claim they can settle your liability for pennies on the dollar.

And the purpose of this call is to inform all us citizens in our state lists that have tax debt. Tax scammers have several common tricks they use to lure taxpayers into handing over personal information that can be used for identity theft. To help you avoid these kinds of tax debt relief scams here are four red flags that a tax debt relief service is a scam. One of the most common tax debt relief scams is when a company collects payment for results they know are unpredictable if not impossible to achieve.

Long before their demise the warning signs of a scam were apparent in all three of these companies. Clients pay a large upfront fee to the company for its promise to negotiate a significant reduction in the clients tax debts with the IRS. Its virtually guaranteed that youve heard this message advertised by tax resolution companies on TV the radio or in a direct. At Solvable we understand that the stress of tax debt can bring you to your knees so dont forget we are.

It is a scam. Yes there are legitimate tax relief companies that can help you reduce your tax debt or get on an affordable payment plan. With 28 years in the tax business weve heard or seen just about every kind of bogus tax relief scheme -- heartbreaking cases of even. If you pay them an upfront fee which can be thousands of dollars these companies claim they can reduce or even eliminate your tax debts and stop back-tax collection by applying for legitimate IRS hardship programs.

If you get a call that sounds similar to the message below. To keep your sensitive personal information safe however you should be a little worried though or at least alert and informed enough to know a tax scam when you see one. And this is a notification call from the department of financial relief services. Taxpayers who signed on with one or another tax debt relief company and paid thousands of dollars in upfront fees complained to the Federal Trade Commission about unauthorized charges on their credit cards or withdrawals from their bank accounts.

Pennies on the Dollar NEW IRS PROGRAM LETS TAXPAYERS SETTLE THEIR TAX DEBT FOR PENNIES ON THE DOLLAR Sound familiar. This is not how the IRS works. He is a Certified Public Accountant Master Science Taxation and a former IRS Revenue Agent. The truth is that most taxpayers dont qualify for the programs these fraudsters.

What these ads dont tell you is how difficult it is to qualify for the IRS Offer in Compromise program. All of these practices were indications that the. The IRS will never ask you to pay with an iTunes gift card. However there are many scam companies as well.

Nor will they tell you that if you dont pay your taxes then law enforcement or some other agency is coming after you right away. Take hold of your tax debt by formulating a plan and executing that plan. Reputable tax debt relief companies will often have testimonials reviews and an online presence that you can use to verify their claims. The tax debt-relief scam follows one of the oldest and most common types of confidence scams.

The answer to this question really depends upon the company you use for your tax debt relief service. The IRS will never contact you via text phone call or email. Knowing what to look for is key to avoiding tax scams this tax season. Tax relief companies use the radio television and the internet to advertise help for taxpayers in distress.

Tax Relief Scam 2 Collecting Non-Refundable Payments Without Any Guarantees One of the most common scams performed by unscrupulous companies is to collect payment for results they know are unpredictable if not impossible to achieve. But there are a few ways to identify a tax debt relief scam including. Do some research before choosing a tax debt relief company to represent you.

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