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Tax Relief Scams to Avoid

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The Promise of Easy Solutions

Tax relief scams often begin with enticing promises of easy solutions to your tax problems. They claim that they can magically reduce or eliminate your tax debt, making it seem like all your financial worries will vanish with just a few clicks or a simple phone call.

Identifying Tax Relief Scammers

To protect yourself from tax relief scams, it’s crucial to recognize the red flags. Here are some common signs that you may be dealing with a fraudulent tax relief company:

  • Upfront Fees: Legitimate tax relief professionals typically do not request upfront fees. Be wary if a company insists on payment before providing any services.
  • Guaranteed Results: No tax relief provider can guarantee specific outcomes since each case is unique. Promises of guaranteed results should raise suspicions.
  • High-Pressure Sales Tactics: Scammers often employ high-pressure sales tactics to rush you into making decisions without fully understanding the implications.
  • Unsolicited Contacts: Be cautious if you receive unsolicited calls, emails, or mailings offering tax relief services. Reputable companies do not engage in such practices.

The Most Common Tax Relief Scams

Fake Tax Relief Companies

Scammers may impersonate legitimate tax relief companies, using similar-sounding names and logos to deceive potential victims.

Phony Tax Attorneys

Some fraudsters pose as tax attorneys, claiming to have extensive experience and success in handling tax issues. Verify the credentials of any tax professional you consider hiring.

Offshore Accounts and Trusts

Dishonest entities might promote offshore accounts and trusts as a way to hide income and assets from the IRS. This is illegal and can result in severe penalties.

The "Penny Tax" Scheme

This scam involves convincing victims that they can settle their tax debt for just pennies on the dollar. Such unrealistic promises are a major warning sign.

Protecting Yourself from Tax Relief Scams

  • Verify Credentials: Before hiring any tax relief service, verify their credentials and check for reviews or complaints from other clients. Priority Tax Relief, for instance, is a reputable and accredited tax relief service provider.
  • Understand the Process: Educate yourself about the tax relief process so that you can spot discrepancies in the information provided by potential scammers.
  • Ask for Written Agreements: Legitimate tax relief professionals will provide you with written agreements that outline the services they will perform and the fees involved. Read these documents carefully.
  • Report Suspicious Activity: If you encounter a potential tax relief scam, report it to the Federal Trade Commission (FTC) and your state’s attorney general’s office. Reporting helps authorities take action against scammers.

Conclusion

Tax relief scams are a growing concern, and it’s essential to remain vigilant to protect your financial well-being. By recognizing the warning signs, verifying credentials, and seeking assistance from reputable providers like Priority Tax Relief, you can safeguard your finances from fraudsters looking to exploit your tax-related anxieties. Don’t let scammers take advantage of your tax concerns; prioritize your financial safety and make informed decisions when seeking tax relief assistance.

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FAQs

 The simple answer is no. A business and a person are completely separate, thus, any personal tax debts or liabilities should not affect your business.

Tax debt can be an exhausting and complicated thing to deal with on your own. Communicating with the IRS and professionally handling your tax liabilities are just two of the services companies like Priority Tax Relief can offer.

No. The IRS’s Innocent Spouse Relief protects you from paying these additional taxes. However, this does not relieve you from household employment taxes, business taxes, individual joint responsibility payments etc. Priority Tax Relief helps you learn more about innocent spouse relief.

The most popular option to date would be an Offer In Compromise (OIC). At Priority Tax Relief, we help tax relief help become more accessible to taxpayers in need and help them understand how they can qualify for these options.

IRS tax liens are legal claims on your property when you do not settle your tax debts. The IRS usually sends out a notice when no payment has been made after a liability assessment. Find out more about tax liens with Priority Tax Relief.

Yes. Not only can the IRS put a claim on all your current property, tax liens can also affect any property or intangible or tangible assets that you obtain in the future. At Priority Tax Relief, we help you understand federal tax liens and how to communicate with the IRS.

 

Tax levies are the actual seizure of your property and are different from legal claims or tax liens. Settle your taxes before the IRS sends out a notice. Priority Tax Relief helps you understand tax levies and how you can avoid them.

Yes. Not only can they seize physical property but they can also legally take hold of the money in your bank account and other wages. To avoid this from happening, contact Priority Tax Relief now.

Your debt will, unfortunately, continue to grow and you will possibly lose a great number of your assets. It is definitely a scenario we do not wish to see happen to anyone, that’s why Priority Tax Relief makes sure that our help becomes within reach.

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