The Internal Revenue Service (IRS) claims that you owe it money. And lots of it. Your natural reaction is to become nervous, outraged, or a combination of both. Then, once you get over the initial shock of being targeted by the IRS, you resolve to fight back with the help of a tax relief service provider.
Not a bad idea.
However, remember that not all tax relief services are equal. And this is especially true when it comes to dealing with a notice of investigation.
For this reason, in this article—the third part of our ongoing series about tax relief companies—we’ll discuss what a notice of investigation is and why you need to pay attention to these when working with tax relief providers. We’ll also go over what tax relief company advice is worth keeping versus what you should be wary of.
Let’s get started!
What Exactly Is a Notice of Investigation?
You may receive a notice of investigation stating that IRS officials have alerted you about assessing taxes, penalties, and interest against you. Receiving such a letter from a tax relief company may understandably make you feel worried.
It is not uncommon for illegitimate tax relief businesses to send a notice of investigation to a taxpayer in an effort to deceive them into thinking that they are actually government agencies. In this situation, working with these tax relief services isn’t a good idea, as it is likely that they will be dishonest in other aspects of their dealings with you.
What Should You Look for and Avoid in a Tax Relief Company?
When you work with a legitimate tax relief company, you can expect the company to complete a thorough investigation prior to quoting you a fee for its work. In many cases, tax relief providers will instead focus on pre-qualifying you for attractive resolutions—such as total debt forgiveness or the waiving of your penalties/interest—via phone in just a few minutes, then charging you hefty fees to pursue them.
Qualifying for popular resolutions, like an offer in compromise, can be complicated. For this reason, the company needs to have a firm grasp of your financial situation before accurately offering these resolutions. If you use a company that doesn’t actually assess your monetary background first to determine your eligibility for these types of resolutions, you may end up paying the company hefty fees without ever receiving the resolution you thought you were getting.
Avoid a Company That Isn’t Detailed
Make sure that the company you choose also pays close attention to every detail of your case. Otherwise, you could end up receiving IRS collection notices years down the road for the very tax matter that you thought had already been taken care of. An appropriate investigation should involve several components, including a close look at how much you owe per year in taxes, why the IRS or state has contacted you, and the dates by which your liabilities will legally be exempt according to the current statute of limitations.
Avoid a Company That Rushes You
The right kind of business will advise you to take your time rather than rushing to sign up with it before you’ve had a chance to do your due diligence in research. Companies that rush you are likely trying to hide something, and if you don’t do your homework, you may end up losing a lot of money and simultaneously gaining a lot of untold stress.
Seek Tax Relief Help from Delia Law Tax Law Firm Today
At Delia Law, we understand how stressful it can be to randomly receive a notice of investigation and be accused of owing money to the IRS. However, we have extensive experience in dealing with IRS tax debt problems, and we are eager to help you to tackle your issue head on.
We will take a good look at your case and then outline all of your options. For example, we could help you to seek an offer in compromise or even a payment plan with the IRS. We’ll also point you in the direction that we feel is best based on your situation. You can rest assured that we will do our due diligence to make sure that you receive the best resolution possible given your situation.
Get in touch with us today to find out more about how we can help you to legitimately resolve your IRS tax issue.