Has any one ever used a tax relief attorney to help with tax debt?
Question:
Answer:
DO NOT call any them that advertise on TV. They tend to be huge ripoffs.
Find a CPA or EA in your area who has experience in filing "Offers in Compromise".
What your talking about is a settlement with the IRS and State departments. FYI - There are other persons and companies qualified to do this.
The settlement you speak of is called an "Offer-In-Compromise". It consists of filling out packets distributed by the IRS and the State departments. By showing a financial hardship and by making an offer (as demonstrated with the actual funds) you may be able to reduce your overall debt. Make sure that when you engage someones service that they have done this many times.
I used two. I found both in the internet. BE VERY CAREFUL! Check the BBB, most of these services have history. The first was a disaster. I researched a little more for the second, and they were better, but once my fee was paid, and the paperwork was filed, they seemed annoyed by my questions. Ultimately, my OIC sat with the IRS for over two years before they denied it. Two more years of interest and penalties, and an "oh well" from the attorney! Also, be aware, recent law changes have made it very difficult to file a successful OIC. Tread very carefully.
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