IRS Debt Resolution - Don’t Get Hit by a Phony Tax Company!

Posted: 07 Jul 2008 | Categories: Taxes

Sound the Alarms! If you’re having a tax issue and you filled out an online application looking for help, be careful! Some of the companies that you speak with can end up doing more harm than good. Take a look at the warnings below so you can be prepared for some of the things you’ll hear:

Prices Subject to Change! Beware of any company that requires a “Retainer Fee” or “Retainer Agreement.” These companies will charge you what seems to be a fair price, when they really intend on charging you a higher price later. Retainer means they have the legal rights to change your fee at any time. If a company you speak with mentions the word “Retainer,” hang up the phone.

No Refunds! Watch out for companies that don’t have a refund policy. Some companies don’t have one because they aren’t prepared to give you your money back if they fail. You want a company that can stand behind their work; if they don’t offer a refund; ask them “Why Not?”

Bait and Switch! Look out for hidden fees. Convenience fees are a big red flag! These companies will tell you one price and when you get their contract, you’ll read a higher price. These companies just want your money so they’ll do anything to rope you in and then change the price. Keep your eye out for these hidden fees; always read the fine print.

Pennies on the Dollar! Make sure the information you are being told is correct; especially on Offer in Compromise Programs. Remember that with an OIC, 83% of cases are rejected by the IRS. A lump sum down payment is required, and you must make a five-year agreement to join the program. Before you let anyone tell you what you qualify for, do some research and find out for yourself.

You Can’t Change your Mind! Make sure the company has at least a three-day rescission or “opt-out” on their contract. Fast talking companies just want your money; they don’t want you to get out of their contract. If a company doesn’t offer some kind of rescission, it’s just like a refund policy. Make sure the company can stand behind their work.

Power of Attorney Tricks! Some companies will tell you that just by filing the Power of Attorney (POA) you case is put on hold. They also say that filing POA can lift bank levies and garnishments. That’s not true! The truth is, filing POA makes negotiation with the IRS possible but it does not put your case on hold! If a company tells you that, take off running!

With these tips, you can make sure that you know exactly what to expect from your Tax Resolution Company.

Now you have the Smoking Gun…Use it!

Richard Close was an IRS-Hitman. He worked as a revenue officer for the IRS and his father was the head of the collections branch for 30 years; so it runs in the family. He left that behind and now he’s partnered with Tax Defense Network to help thousands of Americans with their tax problems. He gives the tips and tricks for you to fight the IRS and win! Visit him at: http://irs-hitman.blogspot.com or http://www.taxdefensenetwork.com or contact: email irs-hitman@taxdefensenetwork.com or 1-888-248-9058.

Article Author :Richard_Close

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