USA's 10 Best Tax Relief Companies

Tax attorneys are professionals that can either work as part of a law firm or by themselves. Their purpose is to help both businesses and people deal with and understand the plethora of tax laws so they can avoid having problems or solve the ones they already have. Considering how difficult the domain of tax law is, individuals should seek out the help of experts in dealing with these situations.

A tax attorney can do many things including offering professional advice on various parts of the law and how those might affect the client. They can also create strategies to diminish owed taxes, work with acquisitions and mergers, act as representatives for the clients, handle disputes with the IRS, and, last but not least, act as a tax relief attorney. What this means is that the client will benefit from expert advice and representation so that they can find a solution to pay their taxes when they are behind on them. In fact, a tax relief attorney’s line of work will be the subject of this article. Here is everything you need to know about how a tax relief attorney can help you.

How does a tax relief attorney work?

We have already mentioned how difficult it can be to understand tax laws. This is the main reason why, whenever you are in doubt about a certain tax situation, you should not hesitate on enlisting the help of such a professional, either from a law firm or as an individual. The topic of tax relief is no different when it comes to its level of complexity and, most of the time people are completely in the dark when they are put in a position to obtain a type of tax relief.

This is where the tax relief attorney comes in to save the day. You may be behind on your taxes and the IRS has already made it clear that you should pay or you may want to find a way to diminish the owed amount because you know you cannot pay it in full. Regardless of your situation, a tax relief attorney can help you through their extensive knowledge of the law. These are some of the tax relief solutions that such an attorney can help you obtain.

·         Installment agreement: in order to obtain an installment agreement, you should talk to the IRS. In case you are thinking of hiring a tax relief attorney, this person is going to do all the talking for you. This type of tax relief allows you to pay your taxes in multiple installments, even if this means prolonging your payment period. There are short-term and long-term payment plans that you can access, depending on how much you owe. For the short-term one, you should owe at least $100,000 to the IRS while for the long-term one you should owe at least $50,000. Keep in mind that both of those will come with specific penalties, fees, and interest that your tax relief attorney will consider when dealing with the IRS;

·         Offer in compromise: for this type of tax relief, a tax relief attorney is almost mandatory because they will know precisely whether or not you qualify. As part of this tax relief solution, you can diminish the owed amount and pay less than that. The problem is that the eligibility requirements are rather strict which is why a tax relief attorney can deal with those in your place. The most important factor that the IRS considers in a person’s application for an OIC is whether or not paying the owed amount would lead them to financial hardship;

·         Currently non-collectible status: a good tax relief attorney might also be able to obtain you the currently non-collectible status. This means that you won’t have to pay your owed taxes but in order to qualify for this, you and your attorney will have to go through some difficult steps. The main thing that the tax relief attorney can help you with is obtaining proof of your financial hardship and the impossibility to pay your taxes at all. The IRS will search you through and through, will ask for a lot of documents, and verify whether or not you qualify. Even if you do, the CNC status is not permanent and you will be required to pay your taxes if the IRS considers that your financial situation has become better.

Additional features to consider

Probably the most important factor to consider when thinking of working with a tax relief attorney is the cost of this whole process. Unfortunately, there isn’t a set price for these types of services that applies to all tax relief attorneys. However, according to some recent market surveys, you might need to pay your attorney between $295 and $390 per hour because this is how most of them work. Obviously, these sums can move higher or lower depending on the reputation of the law firm of your choice or the individual tax relief attorney. Their experience, success rate, and overall market fame can contribute to the price as well.

The same surveys claim that almost half of the clients of tax relief attorneys spend somewhere around $5,000 for the services they receive while about a quarter of them can even pay as much as $100,000. So, as you can see, a tax relief attorney can be expensive but putting that in balance with the results that you may have from working with one, it’s definitely worth it.

How we can help you decide

But how can you decide what law firm or tax relief attorney to work with? Well, this is where we come in. Our website specializes in offering you a comparative look at the most important tax relief firms in the country. On our compare page, you will find a large list of companies along with important details about each of them, thorough reviews, a realistic score, and the possibility to visit their websites or contact them.

This is meant as a way for you to be able to compare all of those companies more easily without wasting precious time searching around on the internet without a clear direction. When picking a tax relief company or a tax relief attorney, it’s important to make an educated choice and to take into account numerous factors that might determine your final rate of success. This is precisely what we are trying to achieve through our website and we hope that everyone who visits it will find it useful and informative.

Bottom line

To wrap it all up, a tax relief attorney can clearly help you enroll in a tax relief program while offering an assurance that you will finally solve your tax-related problems. It’s very important that you enlist the help of an expert when trying to obtain any type of tax relief because it can be difficult to do it on your own and you may end up in more trouble than you were before. Nobody wants that to happen. Remember that tax relief attorneys can work individually or through law firms and it’s your choice whether or not you prefer the first option or the latter. At the end of the day, what matters is that you compare all of your options wisely, a feat that our website can help you with, and pick the one that suits your tax situation the best.