Tax debt solutions depend on the tax problems that can lead to complicated and demanding resource applications, which is especially true for people with a wide range of variables and elements integral in their tax reporting aspects.
Tax organizations attempting to optimize the efficiency and effectiveness of managing tax variables and finding tax debt solutions have been able to make the most of software and hardware evolved in recent years to present some of the technologically greatest solutions that can be acquired in order to address such industrial and regulatory demands.
Organizations specializing in tax relief have been using a range of tax specialty experts in order to make the most of current software and agency payment options.
Whether users have the most demand for payment plans or optimally efficient and effective programs, there is a solution available for them within a now competitive industry marketplace of technologically advanced tax debt solutions.
The following provides an overview of the best options that are available to consumers presently, outlining advantages and disadvantages before explaining near-term expectations for continuing solution developmental capacities.
The current industry contains a range of specialty businesses that are capable of strategically targeting unique demand and complex aspects of present operations amid regulation norms.
In terms of tax debt solutions, these encompass services helping people compile relevant financial expenses and reporting demands for specific aspects of industry that they have been operating within, including regulation demands that have been established by the government.
These organizations can then work within regulatory guidelines in attempt to help customers gain the most efficiency and effectiveness out of their service, which can be a time and resource investment for them as service customers, and a resource gain for the solutions company charging some fee to them.
The current industry for tax debt solutions has further integrated the optimization of specialization software that can serve as some replacement for traditional accounting and taxpayer types, continually addressing more and more features with superior technological capacity, but also requires the proper awareness of issues and background knowledge for optimal and competent operation.
A range of people may consider using a tax debt solution service, with the fundamental rationale being whether or not it is some investment for them versus their own applications or some other professional alternative.
In terms of investment, an individual may be motivated to select some service or tool in addition to their manual reporting for either accuracy assurance reasons or the capacity to experience some savings from using the service, even at cost.
Strategic decisions following service rationalization then encompass the most strategic tool and service package to use in assuring accuracy, resource optimization, or any combination of these two most commonly targeted benefits of service use.
The following sections provide an overview of such tools concerning tax debt solutions. Emphasis is placed on comparative advantages and disadvantage. While the following were regarded as industrial leaders at the time this content was development, continually shifting demands among competition may lead to further improvements giving rise to some shift in market preference and extent of tax debt solution operational capacities.
Anthem Tax Services
Anthem Tax Services has been regarded as an industrial leader for having the overall best guarantee in comparison to other tax debt solutions that are current accessible to consumers in the marketplace.
The primary advantages of using this service are assurance of a general money-back guarantee devoid of any time limit, and a speed of problem resolution within a little as one business week of time.
While cases that have taken longer than a week have tended to lead to complaints of communication, the service has retained a high Better Business Bureau rating. The service’s certifications and memberships span NAEA, NATP, and the California Tax Education Council.
The average potential customer outcome when choosing this solution over other industrial potentials is considered to be ideal.
The extent of assurance they have been providing to all customers is the highest in the industry, and in addition to tax debt relief and corporate preparation, features of the service further span offers in compromise, spousal relief, tax levy release and wage garnishing, and statuses not collectible.
They have been accepting debt customers with as little as $7,500 in debt, and they require a $275 service fee for any customer type that is not encompassed in the general guarantee of other funds returned to customers unable to secure a winning outcome in their use of the service. Their flat fees for service have tended to begin near the $3,000 range and move upwards for extents of engagements and features sought in using the organization.
Optima Tax Relief
This tax debt solution service is considered to have the best current mobile application on the marketplace.
They have the advantage of offering free assessments of collection notices to all customers through a proprietary application, as well as free consultations outlining their potentials in applications of the service.
Meanwhile, however, some prospective customers may be turned away from selecting the service when considering their minimum $10,000 tax debt requirement for selection, as well as their 15-day money-back guarantee being potentially less competitive than offerings of other potential selections in the present marketplace.
This organization also presently has an A+ rating from the Better Business Bureau, while its present certifications and memberships span the NATP, NAEA, and standing as an IRS-approved Continuing Education Provider.
This service has been a leader in the present industry as a result of the power of its proprietary application in offering free guidance for notices and capacity to work flexibly with the present fully range of IRS and state-based solution potentials addressing tax debt relief.
The service can be used to deal with releases of wage garnishment, spousal relief, penalty abatements, and compromise offers in use, while this range of capacities combined with free consultation offers has helped them to gain and retain a larger portion of the present industrial market share.
Customers can work with the service to set up a protection plan and address a case summary, halting present action while providing an optimal framework for continuations. The present initial fee of $495 is regarded as somewhat higher yet fairly competitive versus industrial competition as a whole in this market.
Larson Tax Relief
Larson Tax Relief is a tax debt solution regarded as one of the best in the marketplace for business tax debts, with the primary advantages of more complex resolution aspects and 15-day money-back assurance for new service customers.
While this period, as with the service outlined in the previous section, may be regarded as less than ideal for some customer types, they have been considered highly competitive and effective while being among leaders in present industry.
The organization has fairly positive reviews across the large number of current reviews that are accessible online, spanning multiple review-based organizations. Small business owners and managers of organizations encompassing smaller accounting departments have been among reviewers finding their recent service to be especially useful.
Tax Defense Network
This tax debt solution is regarded as among the most useful for businesses with smaller debt needs in comparison to others.
While Tax Defense Network has a comparatively low minimum debt demand and a wide range of service features spanning the entirety of current market demand, their money-back guarantee timeframe [only three days] has been considered to be a downside that prevents them from competing at a higher level of operation within the present marketplace.
They have an A+ rating by the Better Business Bureau, and their certifications and memberships span the NAEA, NATP, AICPA, and ASTPS. Their minimum requirement for tax debt service is $5,000 versus $10,000, and they cater to bilingual customers more than many competing services. They further assist with close corporate filing services, and provide tax withholding calculation and offer-in-compromise services.
Community Tax Relief
This service has been a leader among competition in terms of having more affordable initiation fees, and it also has been praised for better addressing foreign language demands in comparison to competition [catering to this both online and offline].
While their primary downsides have been reported to be limited pricing information alongside limited state tax debt relief options.
Their minimum debt rate is also at only $5,000 versus $10,000, they have an A+ Better Business Bureau rating currently, and they are a known IRS Continuing Educator Provider.
This tax debt solution also provides free consultations, fairly quick response time by average customer claim, and a wide range of positive reviews online. Their reported average resolution time between three and 10 days, and their average initial investigation fees being between $250-500, are also regarded as competitive with even some of the aforementioned current industrial leaders.
This organization provides free consultations and no-interest payment plans for their customer base. They offer 30 days for money-back guarantee, which is at the higher end of the current marketplace potentials.
The primary downside to this tax debt solution is a lack of audit representation. They have maintained a primary focus on tax debt relief, and a secondary emphasis on state tax services.
They have further extended their services to the areas levy releases, wage garnishment, financial relief, and preparation services. The payment plans they offer are free of interest rates, they keep a tax attorney on their staff, and they are a member of a wider range of professional organizational networks than many competitors in the current marketplace. They also have a fairly good track record and number of reviews presently online.
Stop IRS Debt
Although only accredited since 2011, this organization has 18 years of experience before rising to leadership, and they also provide free consultation services.
Their fees are competitively low for the current industry, although their customer service speed and effectiveness has been among the low points in current reviews of their service.
They have been sharing their pricing estimations online for some added browsing experiences, which can further contribute to aspects of claimed value in continually accruing reviews.
Their rating with the Better Business Bureau is still at a medium A level, superior generally but still under those of potential solution choices outlined in the previous sections. Responding to complaints has also been asserted to be one of the organization’s high points.
Their service features span account statuses which are presently not collectible, offers that are in compromise, innocent spouse relief, agreements for installation, and innocent spouse relief for a comparably competitive range.
Avoiding Scams and Strategic Selection
Avoiding scams and strategic organizational selection is naturally important to consumers wishing to optimize their business experiences and outcomes.
Scams can be avoided while assessing for their potential warning signs for mishaps, which include assertions of unrealistic outcomes which play into the common concern of eliminating debt in the most efficient and effective manner possible.
It is recommended that while the IRS is able to determine whether or not an individual qualifies for a relief program, shopping customers avoid organizations that assure that net debt can be unusually lowered or otherwise make claims which are not realistic in nature.
Assurances that one qualifies for multiple programs is also considered to be a warning sign, alongside assurances of being able to achieve a full settlement within a short amount of time.
A range of organizations have been found to avoid filing relief program applications and made changes to customer credit cards following closed cases, creating some demand for research and consideration of such potential negative outcomes in making a final selection of organization.
Other warning signs that people have been advised to avoid in selecting an organization have spanned organizational personnel making assertions or claims without having reviewed the customer’s details of cases, a failure to request specifics regarding current debt dynamics, requesting an initial payment in exchange for results that are assured regardless of such circumstance, the organization had attempted to sell one service through cold calling or otherwise not solicited procedures, multiple requests for the same documentation are made, or there is a general lack of comparative accreditation.
Implications for Near-Term Developments
Near-term developments are expected to involve organizational capacities expanding alongside feature extensions. Improvements in hardware and software technology will improve the nature of service capacities by such companies, and customer demand will continue to dictate the direction of competitive advantages as aspects of services are continually improved.