Basic Finance Care Finance tips
You may have come across many ads and commercials for tax relief firms. Many tax relief firms boast of their services and make big promises but in reality they are nothing but frauds waiting to pay on desperate and innocent customers. They justify and proclaim themselves to be the best in business but it is on you to identify the right firm that will benefit you. There are many publically listed popular companies but are not trustworthy. But people generally realize this when they are duped out of their money.
Unfortunately, this business has attracted many frauds that just wait to kill those that are weakened by the threat of tax penalties and problems. Even if you can’t stop these unscrupulous firms from succumbing to their greed, you can arm yourself with the tools necessary to defend against their cheating. It is crucial that you understand the different types of frauds that are trademarks of a fake.
Avoid non-refundable direct payments
The most common fraud that is seen among these firms is to charge direct payments that have absolutely no guarantees and are non-refundable in nature. While they promise to yield result, they are very unpredictable and very difficult to achieve. That means there is high chance of loss of money. Committing a huge amount without any research and guarantees can be risky. These frauds are not concerned about your money or about your tax problems; they are just bent on making money by preying on you.
Never mis-judge the potential outcomes
There are some aggressive companies that reel in the customers on their tax troubles and take advantage of their compromise settlements. The truth is that only a few taxpayers qualify for a compromise. Most of us don’t know this so the frauds just string us along and make us assume that our problem is being taken care of, when in reality, we didn’t even qualify for the compromise.
There are many factors that are considered by IRS in compromise application like the taxpayer’s ability to pay, income, expenses and plus equity. Choose a relief firm that answers your queries and tells you from the start that a compromise is very difficult to obtain. The company should have your best interests in mind.
Identify the real service providers
There are some fraud companies that boast of their tax relief services, but are nothing but fakes. Such companies just make bi promises and then turn to other companies that provide the actual service. It is very important to stay away from such outright frauds. Often we are led to believe that the company we have hired is doing the entire job but the truth is they have hired other service providers for the job or outsourced freelance contractors.
Some unscrupulous firms register many customers into their program and collect their money without providing adequate services. When there are several complaints or upset customers, they just merely change their name and begin preying on customers in a different place.
