Business

The Truth About IRS Tax Settlement Firms

Jacob Johnstone 

The Truth About IRS Tax Settlement Firms is a popular expose that originally appeared in the Wall Street Journal on April Fool’s Day. The article was written by Joecius, who is an accountant. The fact that Joecius is also an accountant makes this even more relevant, as not all accountants are accountants. It is always good to have a backup as your best defense when dealing with the Internal Revenue Service debt relief network.

The Truth About IRS Tax Settlement Firms | Wavez

The article starts off with some background information about the Internal Revenue Service and what it does. The IRS will often do what it sets out to do and that is to find a way to collect back taxes from you in order to make up for any damage it may have done to your finances. There are many people that think the IRS is actually fair in this process, but the reality is that they are designed to maximize their profits at your expense. You cannot trust the tax professionals that work for the government with anything but.

The Truth About IRS Tax Settlement Firms continues down that line, telling you how they are going to try to get every penny of your debt from you. They will do everything in their power to hold on to the money, including asking you to file bankruptcy. The way in which they would get this money is through a tax settlement. This process is what happens when you owe the IRS a large sum of money and they can settle the debt by taking a percentage of your debt in return for letting you keep some of it.

One thing that really gets my goat is the statement that states that you should not contact a debt settlement company directly. That sounds pretty accurate, but what they don’t tell you is that if you are dealing with a reputable company, they will have no problem helping you settle your debts. There are a few rogue companies out there that will take your money and run. You should never have to worry about any company asking you for money before they settle your debt. If they do, you can be sure that you are dealing with a company that will scam you.

The Truth About IRS Tax Settlement Firms makes a very convincing argument against contacting these companies directly. They would like to make you believe that because you’ve already dealt with them once, you should do it again without thinking about it. I don’t think that’s the point though, especially considering that in most cases you will have no regrets about dealing with an IRS tax settlement company.

The best way to go about avoiding these companies is to use a debt relief network. These networks are like a phone book for debt settlement companies. They not only find the right company for you, but they also help you find the right company if they don’t even have a good listing. Use a debt relief network, and you will be able to find the right company with the right offer, without any outside intervention.

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Jacob Johnstone