USA's 10 Best Tax Relief Companies

Tax Relief Programs: What They Are and How to Access Them

Tax relief programs are a very important part of the entire tax procedure. This is because there are instances when you cannot pay all of your due taxes and you need some help. Well, this is what tax relief programs were created for by the government. There are a few different types of tax relief programs and in the following lines, we will be discussing a few of them so you get an idea and can make an educated choice when or if you need such a service.

Tax deductions

Tax deductions can be either standard or itemized. The first category can be accessed by almost anyone and depends on certain criteria like your age, status, income, etc. They usually vary every year and are given to single people, married people but depending on whether they file together or separately, surviving spouses, blind citizens, seniors over 65, and the heads of households.

Itemized deductions represent certain expenses that you can subtract from your income when filing your taxes. There are a lot of things that count as itemized deductions but keep in mind that you cannot apply them if you also benefit from a standard deduction. So you can pick either one or the other.

The Fresh Start program

The Fresh Start initiative is a government program that allows taxpayers to pay what they owe and avoid punishments. Some of the Fresh Start initiative options that are available are currently non-collectible status, offer in compromise, penalty abatement, and installment agreement.

Tax exclusions

Tax exclusions are various types of income or expenses that can be taken out from your taxable income and deemed non-taxable. Probably the most popular type of tax exclusion is the health insurance that is sponsored by the employer. Things like child support expenditures and death benefits also count as exclusions.

Tax credits

Tax credits are also tax relief solutions but as opposed to deductions, those do not diminish your income but your owed tax amount. A lot of people consider credits more beneficial than deductions for exactly this reason. There are a number of tax credits available among which the most popular are the LLC and AOTC tax relief programs along with the EITC program, the saver’s tax, and the child tax credit.

Companies to consider when looking for help with tax relief programs

Accessing the aforementioned tax relief programs might be difficult for some people. Thankfully, there are a lot of companies that specialize in offering professional aid so that all taxpayers who are struggling can benefit from these programs. Here are some of the firms to consider when looking for assistance with tax relief programs.

TaxRise

TaxRise is a company that focuses on providing professional help to people who require tax relief programs. It is based in Irvine, CA, and was established back in 2016. In order to qualify for their services, you need a minimum back taxes of at least $5,000. They provide help for most tax relief programs, including state tax back taxes, CNC, and personal and business tax relief situations. TaxRise has a money-back guarantee, charges a retainer, and offers the possibility for flexible payments.

TaxSlayer

TaxSlayer was founded back in 1992 and it is a tax preparation company that aims to help people file their taxes more easily and quickly. While not specifically offering aid with enrolling in tax relief programs, this company provides a good environment that will help you not end up in a situation where you need such a program to pay your taxes. They offer three different price tiers depending on the type of federal tax return that you need to file. The basic one is for free, the standard one is $24.95, and the premium one of $44.95. For state tax returns, TaxSlayer charges a $39.95 fee.

Republic Tax Relief

Republic Tax Relief helps its customers obtain various types of tax relief by providing professional help and guidance throughout the entire process. In order to get started, you only need to contact the company and they will provide you with a tax consultant that will act as your guardian angel in the battle with the IRS. The initial consultation is free and the amount that you will eventually have to pay will depend on your particular tax situation. Republic Tax Relief can help you enroll in any tax relief program.

Civic Tax Relief

Civic Tax Relief is a similar company that was founded back in 2017. They offer a money-back guarantee, charge a retainer fee for their services, and only offer professionals. The company does not, however, cover state tax back taxes. Also, Civic Tax Relief will not take into account CNC cases but they provide the opportunity for flexible payments and have no minimum required back taxes ammount.

ClearOne Advantage

ClearOne Advantage was founded back in 2007 and ever since then, it has been helping people pay their back taxes. However, the company is only available in 22 states, has a $10,000 minimum back taxes requirement, and its fees are performance-based. It’s very important to know that ClearOne Advantage only considers unsecured back taxes when offering back taxes relief. As you can see, the services it provides are a bit different but still worth considering if you’re struggling with back taxes.

Fortress Tax Relief

Fortress Tax Relief was created back in 2003 and helps people enroll in tax relief programs and also deals with state back taxes. It has a money-back guarantee, charges a retainer fee, and has a minimum required back taxes of $15,000. The fees for this company start at $500 and go up, depending on the complexity of your case. The company also considers CNC cases and deals with both business and personal tax relief cases.

US Tax Shield

US Tax Shield is a company that began back in 2000 and offers the same kind of services. The minimum required back taxes to work with them is $10,000 and the average fee sits at around $4,000. The firm also considers CNC cases and deals with both business and personal tax relief cases. They do have a money-back guarantee and offer the opportunity for flexible payments.

StopIRS

The minimum required back taxes for StopIRS is $20,000 and the average fee sits at around $3,000. They provide the same kind of services as the aforementioned brands, have a money-back guarantee, do not charge a retainer, and provide flexible payments. The firm will also consider CNC cases along with agreement installments, and personal, and business tax relief situations.