On June 30, 2021 we posted IRS ‘Dirty Dozen’ List Warns People About Offer in Compromise ‘Mills’ - Call M&A for Real & Experience Tax Attorneys! Where we discussed that in its 2021 “Dirty Dozen” tax scams the IRS warnedpeople to watch out for Offer in Compromise mills which contort the IRS program into something it’s not, misleading people with no chance of meeting the requirements while charging excessive fees, often thousands of dollars.
Taxpayers should be especially wary of promoters who claim they can obtain larger offer settlements than others or who make misleading promises that the IRS will accept an offer for a small percentage.
Companies Advertising On TV Or Radio
Frequently Can’t Do Anything For Taxpayers ...
Now in IR-2022-119 dated June 7, 2022, the IRS again cautioned taxpayers with pending tax bills to contact the IRS directly and not go to unscrupulous tax companies that use local advertising and falsely claiming they can resolve unpaid taxes for pennies on the dollar.
For more information about Tax Relief Companies see the Federal Trade Commission web site detailing how Tax relief companies use the radio, television and the internet to advertise help for taxpayers in distress.
In reality, most taxpayers don't qualify for the programs these fraudsters hawk, their companies don't settle the tax debt, and in many cases don't even send the necessary paperwork to the IRS requesting participation in the programs that were mentioned. Adding insult to injury, some of these companies don't provide refunds, and leave people even further in debt.
The majority of tax settlement companies charge their clients an initial fee that can easily run anywhere between $3,000 to $6,000, depending on the size of the tax bill and proposed settlement. In most cases, this fee is completely nonrefundable. This fee quite often mysteriously mirrors the amount of free cash the client has available. This is generally the amount of cash the company says it will save the client in tax payments.
"No one can get a better deal for taxpayers, than they can usually get for themselves by working directly with the IRS to resolve their tax issues," said IRS Commissioner Chuck Rettig.
While we agree with the Commissioner that taxpayers should avoid tax fraudsters & OIC tax mills, who falsely promise to settle their debts for "Pennies on the Dollar"
Advising Taxpayers That'll Get The Best Deal By Dealing Directly With The IRS, Is Simply Not Supported By The Facts.
Hiring an Experienced Tax Attorneys, who knows all the different IRS alternatives for settling IRS debt, has always proven to be the best alternative for a taxpayer desiring to SOLVE their IRS debts!
Have a Tax Problem?
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Real Tax Attorneys!
Contact the Tax Lawyers at
Marini & Associates, P.A.
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or Toll Free at 888-8TaxAid (888 882-9243).
Read more at: Tax Times blog