Q: What is a tax debt settlement and why haven't I heard of it before?
A: Tax debt settlement is a program that the IRS put into practice years ago to allow people to settle their debts for a percentage of the taxes owed. The IRS does not openly promote this program since it would rather collect the entire tax liability rather than a portion of it.
Q: How much could I save if I took advantage of this settlement?
A: That depends on your specific situation such as your age, total assets, income, expenses, etc. In an average case, we usually save tens of thousands of dollars for our clients. To get an assessment of your particular situation, call one of our American Tax Relief Consultants.
Q: Could I file the settlement myself?
A: Yes. Anyone can file his or her own settlement. However, the IRS scrutinizes each case very closely. If your proposal is not accurate or complete, you may wind up paying much more than you should. Worse yet, the IRS may reject your proposal altogether. Most people find that working with a firm that specializes in settlements actually saves them not only a lot of time and work but also significant amount of money. Our staff of professionals know the critical IRS secrets that others do not .
Q: Couldn't I just go through my CPA or a tax attorney to do the settlement?
A: Yes. Just as you can file your own settlement, so can your tax advisors. However, most CPA's and attorneys do not specialize in negotiating settlements with the Collection Branch of the IRS. Some may handle 2 or 3 of these cases a year while we usually handle more than 150 cases a month. We complete more settlements in one month than most CPA's and attorneys do in a lifetime.
Q: How do I know that I will get my settlement proposal accepted by the IRS?
A: We take you through a thorough interview to see if you qualify for a settlement. Since we use the IRS guidelines, we can tell you with a very high degree of accuracy if you qualify or not. If we honestly feel that you are not a likely candidate for a settlement, we will tell you so before you consider retaining us. In fact, most likely we would not even take on your case.
Q: How long does it take to resolve the whole case from start to finish?
A: Most cases are resolved within 1 month to 1 year, depending on the nature and workload of the case involved. Obviously it is in everyone's interest to resolve the case as quickly and efficiently as possible. Of course saving on clients' taxes comes first and foremost.
Q: What if I have other questions?
A: We offer an ongoing Client Support Line. You can call these lines with questions or simply to check the status on your case.
Q: What are your fees?
A: Your fee depends on the nature of your case and the workload involved. Since we handle a high number of cases, we are able to pass on the savings to our clients.
Q: How do I get started?
A: Call one of our American Tax Relief Consultants at 800-252-9528 for a FREE, initial consultation. If we find that you qualify for our services, we will begin working on your case immediately. Often this involves a call from us to the IRS to stop further collection activity. Obviously the sooner we start working on your case, the sooner we can resolve your tax situation, and release levies, wage garnishments and liens.
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