If you find that you owe the IRS taxes, you’re not alone. Many people don’t have enough taxes taken out of their checks, so they end up owing more when April 15th rolls around. If you can’t pay what you owe, then you might need to get some tax relief help.
This process might seem daunting and scary, but if you work with the right people, it won’t be as bad as you imagine. There are some complaints that come along with the tax relief help process, but not all of them are warranted or true. Below are some of these complaints and why they are bunk.
Common Complaints About Tax Relief Help
I Still Had to Pay My Taxes
If you’ve seen any commercials that offer tax relief help, you may have noticed that they mention that they can make it so you pay less than what you owe or that you may not have to pay at all. While this promise sounds amazing, it’s not true.
The IRS is willing to work with you and make it as easy to pay your taxes as possible, but they still want their money. It’s quite rare for a person to get out of paying for their taxes altogether. You may be able to pay less than what you owe, but you have to meet specific criteria for this to occur, and the IRS denies more applications for this than they approve.
When you pay less than you owe, this is called an offer in compromise. To qualify for this, you have to claim that you are under financial hardship. The IRS will then scrutinize your income, expenses, assets, and ability to pay. They will also look at how much you owe and determine how long it will take for you to pay it back.
If the IRS is unable to get what you owe them in a realistic time frame, then they will take what they can get—which may be much less than what you owe. Again, however, qualifying for an offer in compromise is difficult and most people are denied.
The Tax Relief Company Couldn’t or Wouldn’t Help Me
There is a limited amount of time you have to apply for tax relief help. If you procrastinate for too long, then you may miss your window. If the tax relief help company is legit, they will do what they can to help you with your tax issues. However, you have to take the initiative to take care of this in a timely manner. Otherwise, no one will be able to help you.
The IRS Unfairly Charged Me Interest on My Installment Agreement
One of the options you have when it comes finding tax relief help is getting an installment agreement from the IRS. In essence, this is a payment plan that allows you to pay off your tax debt every month. This can help reduce the financial burden that the tax payments might cause. This plan is easier to qualify for than the offer in compromise.
Even if you qualify for the installment agreement, there is a chance that you will still be charged interest and late payment penalties. It is up to the discretion of the IRS whether or not they charge you these fees.
Getting Tax Relief Help
If you owe in taxes but are having a hard time paying, you may qualify for tax relief help. Keep in mind that this is not charity. The IRS still wants the money you owe them, they are just making it easier to pay it back. Contact Geaux Tax Resolution today to see how they can help with your tax issues and answer any questions or complaints you might have about the tax relief process.