Enrolled Agent/ Certified Tax Resolution Consultant.
Education & Training with FishCoin Tax Solutions IRS 00139079-EA
I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS) and the Minnesota Department of Revenue.
If you are faced with back taxes and growing tax debts with the IRS or Minnesota Department of Revenue (MNDOR). You might have received tons of letters from tax relief firms and marketing agencies claiming they can help you resolve the back taxes.
Chances are that you have witnessed the TV and radio ads where you have happy people sharing their stories of how they settled their tax debts with the IRS for pennies-on-the-dollar.
Also, you may have even done your own research on tax relief scams to find that many people have become victim to “tax relief” companies. Some of those companies have since been forced to go out of business and others are currently under investigation by the Federal Trade Commission for false advertising.
Fortunately, there are good tax relief companies who are truly invested in helping people to resolve their tax problems. This article will guide you on ways you can protect yourself from those companies that are simply scamming people out of their money while utilizing unethical sales tactics. Here are 4 red flags to be aware of when evaluating working with a tax debt relief company.
#1: Guarantees to Settle Your Tax Debt with the IRS or Minnesota Department of Revenue
If anyone guarantees that they can settle your tax debt with the IRS or MNDOR just based on your initial conversation then run, run away fast! Not even the most skilled Enrolled Agent, competent CPAs, tax attorneys, can make a guarantee just based on a conversation. True tax debt resolution that will benefit you will come because of an analysis of your IRS transcripts, MNDOR account, and your financial assets and liabilities. Real opportunities to settle your tax debt DO exist; however, you must first be eligible. Eligibility requirements are best determined by competent tax professionals, not the salespeople you often encounter when you reach out to the TV/radio firms.
#2: Demand of a Large Upfront Fee
Don’t let fear and promises to instantly stop IRS collection actions cause you to part ways with large sums of money in the form of upfront fees. As mentioned above, a true resolution to your tax problems will result from a thorough analysis of your individual tax situation. As such, paying a one-size-solves-all amount will not benefit you! A word of caution – there are certain actions that just about anyone (i.e., salespeople) can do to temporarily delay IRS collections almost immediately. Don’t confuse the value of this temporary action with an actual permanent solution. To protect yourself ask questions – what specifically am I paying for (a temporary delay or a permanent solution)? Can you provide a schedule of anticipated fees? Make sure you are not parting with your hard-earned money only to be put into a temporary IRS collection delay situation.
#3: Lacks Proper Professional Credentials
Is the person offering you tax debt relief a competent tax professional (i.e., CPA, tax lawyer, enrolled agent, etc.) OR a salesperson? Competent tax professionals are often held to high standards by third-party governing boards which require specific educational requirements and experience as well as ongoing yearly ethical and technical training. Additionally, the credentials of competent tax professionals can easily be verified. For example, you can go to the IRS website to confirm the professionals credentials. It is important that you have a good understanding of who is personally responsible and invested in getting the best outcome for you. Therefore, it is advised that you speak directly to such professional. If you will be assigned to a “team” consider asking questions about them too. Are you really working with a “team of tax attorneys and CPAs”, a term popularly touted in many advertisements? Be sure to ask questions.
#4: Is the Tax Relief Firm Local?
The IRS and Minnesota Department of Revenue allows you to hire professionals that are out of state. Relief firms that are out of state usually have “so called front office “in the state (so be aware they may even use business names like popular places in the state, local sport teams and cities). You want to make sure that the professional you are working with understands Minnesota Statues and laws. It is advisable to support small businesses/practitioners so hire a local expert.
If you or someone you know have unfiled returns and owe back taxes, feel free to contact me through email: firstname.lastname@example.org or Phone 612 516 5878
©2022 by FishCoin Tax Relief.