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Because the United States Internal Revenue Service, better known as the IRS, has an incredibly complicated system of laws, regulation, and codes, many taxpayers experience problems filing their personal income and business taxes. Some people simply do not file, or they do not declare all assets and income. Regardless of what factors cause a person or business to owe money to the IRS, the money must be paid. In order to work out a reasonable settlement with the IRS, many people choose to use the services of a tax relief company to simplify matters.
Taxpayers often find the IRS to be very intimidating, especially when they are facing an audit, which can be an incredibly complicated, costly, and stressful process. The IRS can also impose wage garnishments, federal tax liens, and ask for an individual or business to pay back taxes, and this is where the need for tax relief often becomes apparent.
A tax relief company can help taxpayers in a number of ways. These companies understand the many IRS laws and regulations, and how they apply to individuals and businesses. By using a tax relief company to settle with the IRS a person can simplify matters and complete the process much faster by using the knowledge of tax attorneys, accountants, tax preparers and Certified Public Accountants who are experienced with dealing with the IRS.
The appeal of tax relief companies is that they both combine the expertise of many professionals and specialize in tax issues. Since most people are not schooled in tax code and laws, the tax relief company can be of great use. They can also save a lot of time and money for those who owe taxes to the IRS. By avoiding the process of finding out what forms are needed, how to file them, and then actually filling out the confusing paperwork, a person can save a great deal of time by handing this task over to a company that specializes in this field.
Some tax relief companies employ Enrolled Agents, also referred to as EAs, who are federally authorized to represent individuals, businesses, and corporations of all sizes. Enrolled Agents are authorized by the U.S. Department of the Treasury, and must follow a strict code of conduct.
Before choosing a tax relief company, it is imperative that some research is done first. Check with the Better Business Bureau, ask for references from the company, and search the Internet for problems associated with a company. Many companies will advertise on the Internet, and though they look legitimate, this might not be the case.