Hiring a tax professional to assist you with your delinquent taxes may sound like the responsible and logical thing to do, but here are a few issues why many people regret this decision. There are 4 main issues to be aware of when hiring a tax professional to represent you in the hope of settling your tax bill for the least amount possible:
1. Lack of Transparency
2. Do these so called experts have your best interest at heart
3. Lack of Experience
4. Excessive Fees and Costs
Lack of Transparency- Because the industry expert brings his/her own knowledge to the table as a reason to have you pay them, often there is reluctance or refusal on their part to go into detail on how the IRS and/or various states determine what amount will be required to pay back on delinquent taxes. Also, because these companies are competing for your business against other companies, they may tell you what you want to hear rather than what you need to hear. This is especially relevant when considering the Offer-In-Compromise program or the “Pennies on the Dollar” program that allow you to settle for the least amount possible. All delinquent tax payers want to settle for the least amount possible, but you have to qualify for the Offer-In-Compromise program or the “Pennies on the Dollar” program. Many times the expert will imply you are a candidate for these programs and only later your learn, after paying thousands and thousands of dollars to the expert and after paying a 20% deposit on your IRS settlement offer, that you were never qualified for these programs in the first place. These upfront claims by the tax professional may be costly for the tax payer.
Do These So Called Experts Have Your Best Interest At Heart – This relates to the upfront claims. When trying to win your business, the professional may tell you what you want to hear as opposed to what you need to hear. Also, since you are unaware of the tax resolution process, you will never know if the expert you paid a retainer of thousands of dollars to is taking the extra steps to ensure the best resolution for you or if the expert is only checking the boxes. Are they tired and just want to go home from work? Do they have too many cases to dedicate the appropriate amount of time to yours? These are just some of the facts you need to consider when hiring a “professional”.
Lack of Experience- Many companies that advertise online or via the radio or television often hire entry-level employees. With the scripted entry-level employee and a work flow that is optimized for the company’s revenue they often times are able to convince you to part with your hard earned money.
Consumers are often driven to these types of companies because they are significantly less expensive than a CPA or attorney. Perform a Google search for J.K. Harris and Tax Masters; two companies that were brought down by the state attorney’s office and many many individual lawsuits for their shady ways. There are many other companies like these two that are still out their flying under the legal radar. If you end up communicating with an entry-level employee and not with an expert, this is usually a clue that both service and professionalism will be lacking.
Excessive Fees and Costs- Assuming you get what you pay for, and that is a large assumption, the fees and costs paid to industry experts can be very expensive. If you find a CPA or tax attorney who is going to take the time to ensure your needs are being met, you may pay $5,000 or more in fees and many times north of $10,000. Going this route will give you fine customer service, but you may be paying fees for services that are more than what you need. Unless you have a very, very complicated tax situation or a large dollar amount in assets, this approach will be overkill for both you and your wallet.
Well, if a tax professional is not the way to go, then what is?
At The Tax Settlement Group we have designed, through years of research and testing, a program to allow you to resolve your taxes yourself without having to pay thousands in legal or tax preparation fees.
Our program recognizes that because this process is not a daily occurrence for the average person that there will information that you need. Things such as the necessary forms to use, the necessary repayment formulas to use, and, most importantly, the insider information you need to settle your taxes for the least dollar amount. When this information is combined with the information that you already know: your employment, your income, your assets and your expenses, you will be able to resolve your tax issues in a matter of a few hours.
This program will empower the one person who cares the most about resolving delinquent taxes issues for the least amount possible –You!
Our program – The Resolution Assistant - will give you a fully transparent, low cost solution and put you in in the driver’s seat so that you don’t have to wonder if you received the best deal with the IRS and/or state.
This program can be completed in less than one afternoon.
We have a simple two-step process to resolve your taxes:
- An E-Guide to Tax Resolution - Short and simple to read, it will give you the information the insiders know, but don’t want you to know. You will discover how to protect your paycheck and your assets as well as how to qualify for the lowest repayment amount possible.
- A Computer-Guided Program - It will walk you through how to complete all the correct forms, will assist you in organizing your current financial situation, and then will apply all the correct repayment formulas to your current financial situation allowing for a customized solution just for you. All without having to pay thousands of dollars.
Do you want to learn more about how our solution can help you save 75% over what other companies charge?
Do you want to make sure you are a good candidate for our program by using our Free Pre-Qualifier option?
Then: Call us or Email us or visit our Website.
Customer Assistance: 877-801-9166
Customer Assistance Email: assistance@TheTaxSettlementGroup.com
Website: www.TheTaxSettlementGroup.com
