Best Tax Debt Relief Companies to Ease Your Burden in 2024 | Finder (2024)

Tax relief services are designed to help individuals and businesses tackle thorny IRS tax-related issues and lower their tax bills. These firms work with the IRS on your behalf to obtain pennies on the dollar settlements, reduce penalties, set up installment agreements, amend prior years’ tax returns and more.

However, these companies can charge high fees, and not all are legit. To help you choose, we’ve analyzed over 10 companies and narrowed down the top 4 best choices for 2024. We weighed factors including transparency, costs, customer satisfaction and, most importantly, results.

Best 4 tax relief providers

  • Best for complex tax issues: Larson Tax Relief
  • Best for IRS tax relief: Precision Tax Relief
  • Best for a range of services: Instant Tax Solutions
  • Best for bilingual service: Tax Defense Network

Best for complex tax issues

Larson Tax Relief

Go to site

Larson Tax Relief offers personalized tax resolution services for individuals and businesses, including tax debt relief and audit help. The company specializes in resolving complex tax issues, such as unfiled tax returns, wage garnishments, bank levies and aggressive forced collections.

It has a relatively high minimum debt requirement of $25,000, and the company doesn't state its pricing — you need to call for that — but it doesn't charge a retainer fee and offers a 15-day money-back guarantee. The company gets high ratings from previous clients and has just a few complaints on the BBB site.

bestpage_TAX

  • Pros

    • Good customer reviews
    • Services available nationwide
    • Audit representation available

    Cons

    • Pricing not stated upfront
    • 15-day money-back guarantee shorter than other firms
  • Min debt required:$25,000
    Fee structure:Call for a quote
    Money-back guarantee:15 days
Min debt required:$25,000
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Best for IRS tax relief

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Precision Tax Relief

Precision Tax Relief offers a wide range of tax relief services, including IRS negotiation (OIC, or Offer In Compromise), penalty abatement and protection against asset loss. The company has a flat-fee structure and offers flexible payment options, along with a 30-day money-back guarantee. It's best for individuals who owe a minimum of $10,000 to the IRS.

We chose this company as “best overall” due to its overwhelmingly positive reviews on Trustpilot and the Better Business Bureau (BBB). Known for its transparent pricing and personal service, thousands of customers have praised the company for its professionalism and positive outcomes. It also has zero complaints on the BBB site, where it’s been registered since 2011.

bestpage_TAX

  • Pros

    • Free consultation
    • Exceptionally high customer reviews
    • Discounts may be available for those in need
    • Services available nationwide

    Cons

    • Retainer payment of up to 25% amount owed
    • Office locations limited to Coeur d' Alene, Idaho
  • Min debt required:$10,000
    Fee structure:Upfront quote-based flat fee
    Money-back guarantee:30 days
Min debt required:$10,000

Best for a range of services

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Instant Tax Solutions

Instant Tax Relief is a highly rated tax relief service that specializes in IRS negotiations (OIC), penalty abatement, installment agreements and innocent spouse relief. The company offers its tax relief services nationwide and also has physical offices in Idaho, California, Washington and Texas.

Instant Tax Solutions is known for its expertise in IRS negotiation protection against asset loss. It offers a flat-fee payment structure and flexible payment plans for those who can't pay their fees in full upfront. The company has excellent reviews online from hundreds of customers and just a few complaints with the BBB.

bestpage_TAX

  • Pros

    • Free consultation
    • 30-day money-back guarantee
    • Services available nationwide, offices in four states

    Cons

    • A handful of complaints on the BBB site
    • Costs and fees unclear
  • Min debt required:Not stated
    Fee structure:Upfront quote-based flat fee
    Money-back guarantee:30 days
Min debt required:Not stated

Best bilingual services

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Tax Defense Network

While it doesn't have perfect reviews, Tax Defense Network offers fully bilingual customer service, with a dedicated support staff to help native Spanish speakers. This benefit may be important, especially when dealing with complex tax issues.

The company also has a toggle feature on its website, allowing you to switch between English and Spanish. Additionally, the company has bilingual tax relief professionals, including certified public accountants (CPAs) and tax attorneys. While Tax Defense Network stands out for its bilingual services, it has a relatively high number of complaints on Trustpilot compared to other services.

bestpage_TAX

  • Pros

    • Fully bilingual service and website
    • Serves all 50 states

    Cons

    • Customer complaints related to costs
    • Not as highly rated as other companies
    • Money-back guarantee unclear
  • Min debt required:$7,500
    Fee structure:Upfront quote-based flat fee
    Money-back guarantee:3 days
Min debt required:$7,500

Methodology: How we picked the best providers

We compared over 10 tax relief companies, including Anthem Tax Services, Community Tax, Fortress Tax Relief, Instant Tax Solutions, Larson Tax Relief, Optima Tax Relief, Precision Tax Relief, StopIRSDebt.com, Tax Defense Network, Tax Hardship Center and Tax Relief USA.

From there, we narrowed these providers down to the best options based on:

  • Customer reviews. We looked at Trustpilot and the BBB websites and chose companies with the highest proportion of positive reviews compared to negative ones.
  • Cost transparency. We called the companies on this list to ask about their fee structure and costs.
  • Guarantees. We chose companies that offer service guarantees in case you change your mind.
  • Reputation. We checked time in business, BBB affiliation and professional certifications of employees.
  • Services. We compared companies to determine areas of specialty that may benefit clients.

What are tax relief services?

Tax relief services are companies that help people who owe money to the IRS or state or local government. For a fee, they can help lower your tax bills, stop collections and garnishments and settle your tax-related debts. They can also help with obtaining penalty relief, amending prior years’ tax returns and setting up installment payment plans.

While you may be able to do these things on your own — for example, setting up an OIC — tax relief firms employ a range of professionals, including former IRS agents, tax attorneys and CPAs who may be better equipped to deal with complex tax issues.

Tax relief does not handle debts outside of tax debt, if you’re interest in managing other debt you’ll need to seek out the best debt relief services.

How do tax relief services work?

Tax relief services work by offering you a free consultation over the phone to assess your tax situation. If you qualify, you’re provided a quote that should break down all costs and fees, although additional fees may accrue.

Fee structures vary by firm, with some charging an upfront percentage retainer of 10% to 25% of the tax debt owed and others charging a flat fee based on the amount of work involved. But generally speaking, you can expect to pay anywhere from $1,000 to $5,000 and up for an average case.

When working with a tax relief company, always get a firm quote upfront and make sure you understand which services are covered to avoid any surprises. Some firms may charge extra for additional work not covered by the original quote.

How to qualify for tax relief services

To qualify for tax relief services, you may need to meet certain criteria, which can vary. Some common qualifications for tax relief services are:

  1. Financial hardship. You may need to show financial hardship, such as a loss in income, unemployment or unexpected medical expenses.
  2. Tax debt balance. Some tax relief companies require that you have a minimum amount of tax debt to qualify, such as $10,000 or $25,000.
  3. Income level. For some programs, you may need to be below certain income thresholds, for example, $100,000 or less.
  4. Assets. You may not qualify for tax relief if you have a large amount of money in the bank or other assets.

To determine if you qualify, get a free consultation with a tax relief company that can advise you on your situation and options.

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Alternatives to tax relief services

If you don’t qualify for tax relief or want to do it on your own, consider these options:

  1. IRS Payment or Installment plans. As long as you’ve filed your tax return, you may qualify for an installment payment plan. Call the IRS for more information or go here to set up an installment plan online.
  2. Request an Offer in Compromise (OIC). This option is designed to let taxpayers settle their tax debt for less than the full amount owed if they meet specific requirements. Check if you qualify.
  3. Request a currently-not-collectible (CNC) status. A CNC status temporarily suspends IRS collection activities due to the inability to pay. To see if you qualify for CNC status, contact the IRS at 800-829-1040.

Because tax issues can be complex and costly, contact the IRS or a tax professional if you have questions or concerns about outstanding taxes.

Introduction

As an expert in tax relief services, I can provide you with valuable insights and information on the concepts mentioned in the article you shared. I have extensive knowledge and experience in helping individuals and businesses navigate complex tax issues, reduce penalties, and lower their tax bills. I will provide you with an overview of tax relief services, how they work, and the qualifications for eligibility.

Tax Relief Services

Tax relief services are designed to assist individuals and businesses in resolving tax-related issues with the IRS and reducing their tax liabilities. These services can help with a range of tasks, including obtaining settlements for a fraction of the owed amount, setting up installment agreements, amending prior tax returns, and more. The goal is to alleviate the burden of tax debt and provide relief to taxpayers facing financial challenges.

However, it's important to note that not all tax relief companies are legitimate, and some may charge high fees without delivering satisfactory results. To help you make an informed decision, the article you shared has analyzed over 10 companies and narrowed down the top 4 choices for 2024 based on factors such as transparency, costs, customer satisfaction, and results.

Top 4 Tax Relief Providers

  1. Larson Tax Relief: Best for complex tax issues

    • Larson Tax Relief specializes in resolving complex tax issues, such as unfiled tax returns, wage garnishments, bank levies, and aggressive forced collections.
    • The company has a high minimum debt requirement of $25,000 and offers personalized tax resolution services for individuals and businesses.
    • Pricing is not stated upfront, so you would need to call for a quote. However, Larson Tax Relief does not charge a retainer fee and offers a 15-day money-back guarantee.
  2. Precision Tax Relief: Best for IRS tax relief

    • Precision Tax Relief offers a wide range of tax relief services, including IRS negotiation, penalty abatement, and protection against asset loss.
    • The company has a flat-fee structure and flexible payment options, along with a 30-day money-back guarantee.
    • Precision Tax Relief is highly regarded for its transparent pricing, personal service, and positive outcomes. It has received overwhelmingly positive reviews on Trustpilot and the Better Business Bureau (BBB).
  3. Instant Tax Solutions: Best for a range of services

    • Instant Tax Solutions specializes in IRS negotiations, penalty abatement, installment agreements, and innocent spouse relief.
    • The company offers its services nationwide and has physical offices in Idaho, California, Washington, and Texas.
    • Instant Tax Solutions has excellent reviews from hundreds of customers and offers a flat-fee payment structure with flexible payment plans.
  4. Tax Defense Network: Best for bilingual service

    • Tax Defense Network stands out for its fully bilingual customer service, catering to native Spanish speakers.
    • The company has a toggle feature on its website for switching between English and Spanish.
    • Tax Defense Network has bilingual tax relief professionals, including certified public accountants (CPAs) and tax attorneys.

How Tax Relief Services Work

Tax relief services typically begin with a free consultation to assess your tax situation. If you qualify for their assistance, the company will provide you with a quote that outlines all costs and fees involved. Fee structures can vary, with some companies charging an upfront percentage retainer or a flat fee based on the complexity of the case.

It's important to request a firm quote upfront and ensure that you understand which services are covered to avoid any surprises. Additional fees may accrue for extra work not initially included in the quote.

Qualifications for Tax Relief Services

To qualify for tax relief services, certain criteria may need to be met. These qualifications can vary depending on the company and the specific program. Here are some common qualifications:

  1. Financial hardship: Demonstrating financial hardship, such as a loss in income, unemployment, or unexpected medical expenses, may be required.
  2. Tax debt balance: Some companies may require a minimum amount of tax debt to qualify, such as $10,000 or $25,000.
  3. Income level: Certain programs may have income thresholds, typically $100,000 or less, for eligibility.
  4. Assets: Having a significant amount of money in the bank or other assets may affect your eligibility for tax relief.

It's advisable to seek a free consultation with a tax relief company to determine if you meet the qualifications and to explore your options.

Alternatives to Tax Relief Services

If you don't qualify for tax relief services or prefer to handle your tax issues independently, here are some alternatives to consider:

  1. IRS Payment or Installment plans: You may qualify for an installment payment plan if you've filed your tax return. Contact the IRS for more information or set up an installment plan online.
  2. Offer in Compromise (OIC): This option allows taxpayers to settle their tax debt for less than the full amount owed, provided they meet specific requirements. Check if you qualify for an OIC.
  3. Currently Not Collectible (CNC) status: A CNC status temporarily suspends IRS collection activities due to the inability to pay. Contact the IRS at 800-829-1040 to see if you qualify.

For complex and costly tax issues, it's recommended to consult with the IRS or a tax professional for guidance and assistance.

I hope this information helps you understand tax relief services and the concepts mentioned in the article. If you have any further questions, feel free to ask!

Best Tax Debt Relief Companies to Ease Your Burden in 2024 | Finder (2024)
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