IRS tax help or just more hype! Unfortunately just more hype is probably the answer. You know the ads I’m talking about, the ones that claim to save the person in tax trouble with the IRS eighty to eighty-five cents on the dollar. They are pure hype. Nothing more than blue sky. The program they refer to is the IRS Offer in Compromise program. Well guess what? If the IRS feels that you can pay out the debt within seventy-two months you don’t qualify. Even if you do qualify only about 15 percent of offers are actually accepted by the IRS.
So why do these ads seem to be everywhere. Simple, because they make money, a lot of money for the “tax help” companies. They get their fees up front. The poor tax client winds up with two problems instead of one. There I said it. I don’t care if it angers these companies. People with tax problems with the IRS deserve the truth.
What is the truth. The IRS will set up an installment agreement with you if you file your outstanding tax returns,( at a minimum the last five years). They will give you 5 or 6 years to pay on a regular basis Are installment agreements a good idea for the tax client? Yes, in most cases they are the most practical alternative.
Do I offer tax help? Yes, I do. But I tell you the truth either in my office or here on the internet. If you live in the Philadelphia area call me for help at 267-345-0260. I’ll get to work for you and no HYPE!!!
My name is Michael J Craig, aka Mike1040, and as always I’ll see you at the top.
P.S. Your comments are welcome and will receive the commentluv they deserve.
