Thanks to Dagny Kight for this excellent post. Dagny is a Chicago resident who owed $42,000 in back taxes. After doing a lot of research and working with the IRs, she was able to settle her debt for $1. She wrote an ebook to help others in the same situation.
I thought I would feel the stress lift when I started working on resolving my IRS debt but instead I saw my tax problems get much worse! When I called the various tax resolution firms I’d seen on TV, I wasn’t prepared for the high fees and even higher-pressure sales tactics.
The TV commercials say the firms have enrolled agents, tax lawyers, and former IRS examiners on staff but I only spoke to sales people. Once you admit to them that you owe money to the IRS, they consider you a fish on the hook and they will do whatever it takes to reel you in!
Tax resolution has become a huge business for two primary reasons: 1. You don’t have a choice. You will have to do something sooner or later; and 2. Most people are afraid of dealing directly with the IRS. High-pressure tax resolution firms will leverage both of these reasons against you when they’ve got you on the phone. First, they’ll ask you a few questions they say are intended to assess your tax problem. Of course your situation will be a perfect fit for their firm’s services! Next, they’ll give you a figure they claim they will negotiate for you. It will be low enough to get you pretty excited. Finally, they’ll quote you their fee. I guarantee you—Their fee plus the reduced tax debt they say they’ll “negotiate” will be significantly less than your total IRS tax debt! They’ll tell you they can stop collection action as soon as you have their fee paid. Put all this together and a lot of people won’t be able to get out their credit cards fast enough!
The sales people I spoke to were very aggressive in trying to get me to agree to a payment plan for their fees. They urged me to get them paid as quickly as possible, mentioning several times that they couldn’t do anything about IRS collection action until their fee was paid in full. Well-known national tax resolution firms, including J.K. Harris and Roni Lynn Deutch, have been shut down under changes of fraud and deceptive business practices. TaxMasters is the most recent offender to declare bankruptcy after being cited by numerous state attorneys general for preying on the fears of struggling taxpayers.
At the time, I would not have been able to afford any firm’s fees, not even for a reputable tax lawyer or CPA. I knew I was going to have to get myself through this problem on my own. Fortunately, research, interpretation, and analysis have always been my strengths. I have been a professional writer, editor, and researcher working in a variety of subject areas throughout my career. As a corporate trainer, I authored a number of training manuals for courses I taught.
After applying my research skills to successfully settle my tax problem, I knew I had accumulated a base of information that could be very valuable to many people! Under new IRS guidelines, your tax debt could be reduced, based on your ability to pay. This is determined by your full financial disclosure. It makes a lot of sense to get my ebook, Lower Your IRS Debt, and work through your financial disclosure. You’re going to have to make a full financial disclosure regardless of how you end up settling your IRS debt. It takes time and organization but it is effort that could be worth thousands of dollars to you! For me, the work I put in was worth a savings of over $42,ooo!
Lower Your IRS Debt http://217e68b7po8le-ihmdqlq7rlr6.hop.clickbank.net/?tid=LLNPOST