More than 8.4 million Americans will be delinquent on their taxes by 2020, roughly one in every 40 people. 1 Delinquency reached approximately $114 billion, which works out to an average of $13,500 per taxpayer.

You're in the red with the IRS, so what do you do? In the event of tax delinquency, you may face wage garnishment and asset seizure, which will harm your finances. When this happens, some people go to tax relief firms for help. Some people think tax relief organizations are dishonest because of concerns about misleading promises, excessive prices, and even fraud.

The Top 2022 Tax Relief Companies

Precision Tax Relief

Flat-rate fees are offered during a free consultation by the firm, which bases its price on these fees. If additional information not supplied during your consultation causes the scope of work to vary from your original quotation, your cost will rise. Options for payment include one lump sum payment or zero-interest installments. Precision does not impose a minimum debt threshold on its clients. But a call to their customer service department showed that for taxpayers who owe less than $10,000, their standard service price might not be worth it.

Anthem Tax Services

Not all tax relief providers offer a refund policy. In some cases, you can get a refund if you cancel within the first 14 days or even 30 days. In contrast, Anthem Tax Services is the only firm to give a guarantee with no time restriction. The organization will reimburse any costs paid if the IRS refuses to lower your total debt or monthly payment amount.

This is a crucial distinction to keep in mind: Anthem Tax Services' money-back guarantee does not guarantee that your tax bill will be reduced. Your monthly payment may merely be reduced, which means you will still owe the same amount of money, but it will be paid back over time. This is feasible. While this may ease your financial stress in the short term, it will cost you more money in the long run.

Fortress Tax Relief

Fees charged by tax relief firms are frequently based on a percentage of the total tax burden you now owe to the IRS. This is standard practice. In the case of substantial tax debt, this can quickly pile into a colossal sum that does not account for the countless hours necessary to resolve the issue. For instance, it's unlikely that paying down a $20,000 debt will require twice as much effort as paying off a $10,000 obligation.

Fortress Tax Relief takes a different approach from the competition by providing rates based on an estimate of the time needed. Hourly costs for an attorney can range from $100 to $200 per hour, although the median hourly rate for an EA is $100 to $200.

Community Tax

It isn't worth paying a tax relief organization to settle tax bills under $10,000 when you can do it yourself. Some taxpayers, even if they only have a modest tax burden, may nevertheless benefit from the services of a professional. CommunityTax may accept cases with a tax liability of as little as $7,500 if they believe they can add value to a potential client. In addition, the organization provides a wide range of tools and services, many of which are very beneficial to people with a small amount of tax debt.

In addition to guidelines and access to IRS resources, CommunityTax's website is a treasure trove of free information. At this point, you can determine whether or not you need the services of a tax specialist.

The Advantages of Using a Top IRS Tax Relieve Firm

Almost everyone agrees that the Internal Revenue Service (IRS) is a scary organization. It's not difficult to see why when you look closely. To keep the country running smoothly and contribute to the advancement of our government, our towns, cities, and our states and provinces, we need taxes. Taxes are then collected by the Internal Revenue Service (IRS).

Asset and Income Security

If you fail to pay a tax bill or fail to file your taxes for some time, the Internal Revenue Service will find a means to collect this amount from you. There are two effective tactics they use to collect debt: wage garnishment and asset seizure. If you're currently unable to pay your tax obligation, there are solutions available to you, but you may not know what those options are. That's where a tax relief company comes in.

The Removal of Tax Levies and Liens

Since most people don't know the difference between an IRS lien and a levy, speaking with a certified tax relief professional can benefit. Tax liens and levies can be avoided if the facts and circumstances of your particular IRS Collection case are carefully examined and compared to the alternatives provided to taxpayers by the IRS Manual and the Tax Code.

Explaining IRS Procedures

The IRS's rationale is a puzzle to the typical taxpayer at times. Even the most basic tasks, such as calling the IRS, may be a pain in the neck... So why not employ a professional who can handle your back tax case from beginning to end? A tax relief service has a registered tax professional who understands the IRS and how they operate.