Securing a tax relief from the IRS can be of great aid for individuals/ businesses suffering from financial distress. However, one may need help from a professional tax consultant or a tax relief company in order to secure the best possible deal. A simple Google search may list hundreds of consultants offering such services. But it may leave you wondering about how to choose from the best tax relief companies in Chatsworth, CA, or other parts of the states.
Remember that while some of these companies may be fraudulent and run away after taking your money, a majority of other tax relief companies may be very average. Hence, you need to be able to choose the best tax relief company for the betterment of your financial health.
The following points, if kept in mind, can make this job easier by helping you in shortlisting the best tax relief service providers in Chatsworth, CA.
Points to Remember to Choose The Best Tax Relief Service Provider in Chatsworth, CA
1: Big Promises:
The IRS is very careful in allowing minimum settlement, and the exact relief you may get will depend upon your individual circumstances. So, unless a tax relief consultant is fully aware of your financial situation, he or she cannot be in any position to promise best relief.
Hence, if you see any company making big promises without even knowing your individual financial position, then it is perhaps too good to be true for you.
2: Flat Fee Offer:
It is virtually impossible for any tax relief company to provide the best services in exchange for a flat fee.
So, be careful if you see any company offering to provide services for a flat fee. Moreover, if you carefully read the contract, you’d see a number of conditions giving the tax relief company the authority to increase fees in the future for a number of different reasons.
3: Track Record:
No matter how good the presentation may be and how good their online reviews/ website may seem, it is important to ask for provable track record and past experience regarding successful provision of similar services in the past.
Moreover, always try to get reviews from multiple sources, as buying online positive reviews is usually cheap and easy for such companies. It’d be even better if you could get a review from your colleagues or acquaintances you trust.
4: Offer in Compromise – Not so Easy:
If you see a company promising to get you an offer in compromise to erase or considerably minimize your tax liability, it may be a potential red flag. The fact of the matter is that getting an offer in compromise from the IRS is never an easy job.
One must owe a lot more tax than all the owned assets in order to be eligible for such a relief.
So, unless you tick all the boxes for an offer in compromise, paying a fee to a tax relief consultant in exchange for an empty promise is not a good deal.
5: No Penalties and No Interest:
If you come across a tax relief company that tells you that you will no longer have to pay a penalty or an interest as soon as you hire them, then it may simply be a false promise.
The fact of the matter is that one must pay due interest as long as tax balance is to be paid.
There is no avoiding interest. Similarly, penalties arise if you fail to perform certain tasks, and getting the IRS agreed to drop them can be a very hectic job. Hence, never trust someone who promises to get rid of all your penalties and interest if you hire them for tax relief services.
Zee Maq is a content writer who specializes in writing business and finance content. She has nine years of experience and loves to provide problem-solving content to help people tackle challenges in their everyday lives.