Whatever the reason for your IRS tax problems it is an intimidating place to be and you are likely feeling hounded by the IRS with a constant stream of letters, certified letters, phone calls or even visits to your home or business.
The IRS does not go away so if you find yourself in hot water your two options are to deal with them yourself or hire someone to negotiate a settlement for you. This article weighs the pros and cons of each approach.
The down-side of dealing with the IRS one-on-one
My husband and I started falling into a problem with our taxes years ago. We had every intention of paying them but the years
went by and we simply could not keep up with the new taxes, let alone pay off the old tax.
We began getting letters from the IRS and these turned into certified letters and phone calls. We knew we had to do something about this problem and agreed on one of the phone calls to set up an aggressive payment plan.
We were given 120 days to pay as much of our past IRS tax debt as we could with the understanding that this would create “good faith” and we would be able to negotiate a fair settlement.
After 120 days we were able to pay $8,000 directly to the IRS which was incredibly hard and required a ton of sacrifice only to find out that the IRS had no intention of negotiating with us. What ended up happening is the IRS took the entire $8,000 we paid and applied it to interest and penalties.
They reduced our overall tax bill by $0.00! In other words by negotiating ourselves we lost $8,000 and did not reduce our tax debt one cent!
Finding an IRS Debt Settlement Company
The funny thing is that we resisted hiring an IRS Debt Settlement Company because we were afraid it would cost us money. Funny how we opted to throw away $8,000 instead of pay a company that would ultimately save us money but that is what we did.
We started researching online companies that specialized in tax debt relief. We were put on a very easy monthly payment plan. This amount varies I am sure but with our advanced problem, liens, levies and the whole nine yards we paid $250 a month to get this help. Was it worth it? YES!
The settlement company was immediately worth it because they became the go between that stood between us and the IRS. Almost instantly the phone calls stopped and they communicated with the IRS on our behalf…how do you spell relief?
They also negotiated with the IRS successfully because, unlike us, they knew the IRS tactics and could play their game. They negotiated a settlement for us that wiped out the vast majority of penalties and interest and this saved us thousands and thousands of dollars.
Look, the bottom line it that the IRS tax problems do not go away on their own and these guys are like vultures. If you try to go up against them on your own they will eat you up. Do not try to negotiate with the IRS on your own. Hire an IRS Debt Settlement Company. They do not need to be local; our company was in a different state. They simply have to be a trustworthy company. Here is a place to start if you are looking for tax debt relief – Recommended IRS Tax Debt Settlement Company
