Taxes. I owe a lot and was wondering if anyone has used a Tax relief company? Are they legit or shady?

Question

I hear commercials all day long re: tax Relief, if you owe the IRS a lot of money, but I am leary of being scammed. Anyone have experience (positive or negative) and knowledge about the topic?

Answer 1

They are a rip off

If you cannot full pay your tax liability in a lump sum, the IRS offers a payment by installment option. An installment agreement would allow you to make a series of payments over time. Installment agreements may be set up in various ways:

Direct Debit from your bank account,
Payroll Deduction from your employer or
Regular Installment Agreement
If you enter into an installment agreement, your payment amount should be based on your ability to pay and should be an amount that can be maintained over the duration of the installment agreement.

Direct debit or payroll deduction installment agreements provide an opportunity to make timely payments automatically, and therefore, these payment methods reduce the possibility of defaulting your agreement.

To request an installment agreement, when you are filing a tax return for which you are not able to provide full payment , you may submit Form 9465 (PDF), Installment Agreement Request, or your own written request for a payment plan, attached to the front of your return.
To request an installment agreement after your return has been filed and you have been billed (you received an IRS balance due notice), you can use the Online Payment Agreement (OPA) application or you may submit Form 9465 or your own written request for a payment plan, attached to the front of your return or bill.
http://www.irs.gov/taxtopics/tc202.html

Or you can look into an Offer In Compromise call the IRS for more information on the Offer in Compromise

Answer 2

Personal experience. I owed money to IRS. Taxes, interest and penalties of approximately 22000. I went in and talked to a person. I took the attitude I owed the money, it was their money and I wanted to pay it. I just didn't have the money to pay.

They were very helpful. Made three payments of 2500 each over a period of 9 months and they blew off the rest.

Before you talk to anyone else... go in and talk to Internal Revenue.

Answer 3

Their ads are very misleading, at best.

The IRS will negotiate if it's obvious not just that you can't pay in full soon, but never will be able to and have no assets they can seize.

Owing "a lot" can mean different things to different people. To many people, $8000 would be a lot - but to someone else, maybe a couple million would be.

Answer 4

If u want to get the details of tax relief company u can visit hte following site.