IRS Tax Resolution Companies - Watch Out For Hidden Fees!
The Race Is On! If you recently filled out a form on line searching for tax help, you've probably gotten bombarded with calls.
All of them are from tax resolution companies claiming they can help you with your tax issue.
But unfortunately, the world we live in is no longer safe from scamming companies.
There are some things to look out for when deciding what tax resolution company is best for you: A Big Red Flag: In my years as an IRS-Hitman, I've dealt with dozens of tax resolution companies.
I've seen some pretty dirty tricks.
Most of these "tax professionals" are just after your money.
But by far the worst things I've seen has been Hidden Fees.
They are usually very hard to see because most of these companies veil them in the fine print of their contracts.
But there are always ways to tell if you're getting ripped off.
Retainer Fees: This is the easiest way to implement a hidden fee, mostly because the company is so slippery that they're able to pull it off right in front of your eyes.
A "retainer" fee is nothing more than an estimation fee.
The promoters tell you they need a $1500 dollar "retainer" fee or agreement to start the case because that's what they think the service will cost.
But what they don't tell you is that they legally have the right to change the fee in the future.
So they'll charge you the money up front, and then charge you more money.
Convenience Fees: Sometimes you'll be doing business with a company and they will send you a contract.
They'll tell you a certain amount over the phone, but then when you get the contract you'll read a higher amount.
That's because if you take a look at the totals, you'll notice an extra fee.
Something like a "convenience fee.
" If you ask the promoter about it, he probably won't be able to give you a straight answer.
That's because the convenience charge means nothing.
It's just another way to overcharge you.
Payment Fees: This is one of the sneakier ways to apply a hidden fee, mostly because most Americans don't pay as much attention to what they are paying for as they should.
But this fee occurs when you request to break you payment down into installments.
They'll say, okay you can either pay us $2500 dollars up front, or six installments of $450 dollars.
If you do the math, $450 multiplied by six equals out to $2700 dollars.
That's an extra $200 dollars just because you want to break down the payment! No Fees: So now that you know about the tricks above, you'll know exactly what to look out for when dealing with a tax resolution company.
The things I've listed seem very unfair and I personally would not want to be involved with a company that used those sneaky tactics.
Now you know what to look out for so remember that when the next company tells you a certain price.
Ask them about these fees, and see just how well they explain themselves.
Now you have the Smoking Gun...
Use It!
All of them are from tax resolution companies claiming they can help you with your tax issue.
But unfortunately, the world we live in is no longer safe from scamming companies.
There are some things to look out for when deciding what tax resolution company is best for you: A Big Red Flag: In my years as an IRS-Hitman, I've dealt with dozens of tax resolution companies.
I've seen some pretty dirty tricks.
Most of these "tax professionals" are just after your money.
But by far the worst things I've seen has been Hidden Fees.
They are usually very hard to see because most of these companies veil them in the fine print of their contracts.
But there are always ways to tell if you're getting ripped off.
Retainer Fees: This is the easiest way to implement a hidden fee, mostly because the company is so slippery that they're able to pull it off right in front of your eyes.
A "retainer" fee is nothing more than an estimation fee.
The promoters tell you they need a $1500 dollar "retainer" fee or agreement to start the case because that's what they think the service will cost.
But what they don't tell you is that they legally have the right to change the fee in the future.
So they'll charge you the money up front, and then charge you more money.
Convenience Fees: Sometimes you'll be doing business with a company and they will send you a contract.
They'll tell you a certain amount over the phone, but then when you get the contract you'll read a higher amount.
That's because if you take a look at the totals, you'll notice an extra fee.
Something like a "convenience fee.
" If you ask the promoter about it, he probably won't be able to give you a straight answer.
That's because the convenience charge means nothing.
It's just another way to overcharge you.
Payment Fees: This is one of the sneakier ways to apply a hidden fee, mostly because most Americans don't pay as much attention to what they are paying for as they should.
But this fee occurs when you request to break you payment down into installments.
They'll say, okay you can either pay us $2500 dollars up front, or six installments of $450 dollars.
If you do the math, $450 multiplied by six equals out to $2700 dollars.
That's an extra $200 dollars just because you want to break down the payment! No Fees: So now that you know about the tricks above, you'll know exactly what to look out for when dealing with a tax resolution company.
The things I've listed seem very unfair and I personally would not want to be involved with a company that used those sneaky tactics.
Now you know what to look out for so remember that when the next company tells you a certain price.
Ask them about these fees, and see just how well they explain themselves.
Now you have the Smoking Gun...
Use It!
