Best Tax Relief in Dallas, TX

Tax relief companies in Dallas examine each customer’s tax situation before applying their staff’s detailed knowledge of tax laws and tax resolution strategies to work out a solution with Texas and the IRS. Not all tax relief options are available to everyone, but an experienced tax relief company determines which you qualify for and helps achieve the most beneficial outcome.

Here are some of the most common tax relief options:

• Offer in compromise: If you can only afford to pay some of your tax debt, the IRS may accept a smaller amount and consider the debt paid in full. Few individuals qualify for an offer in compromise, and the process can take months to complete.
• Innocent spouse relief: If your tax debt is the responsibility of a current or former spouse, you can request relief from the relevant tax, interest and penalties.
• Currently not collectible: If the IRS knows you have no way to pay your tax debt, it stops the collection process until your financial status changes. Interest and penalties continue to accumulate, and you have to regularly update the IRS on your ability to pay.
• Installment plan: The IRS lets you pay off tax debt in monthly installments. Penalties and interest continue until the debt is paid completely.
• Penalty abatement: In specific circumstances, the IRS may remove penalties assessed for failing to file a return or pay on time. You may qualify if an illness, death in the family, fire or natural disaster prevented you from meeting tax obligations. You may also receive an abatement if you received incorrect written advice from the IRS or have no record of penalties for the previous three tax years.
• Stop levy or wage garnishment: Tax relief companies may be able to stop the authorities from seizing assets or your wages by arranging alternative tax resolution.

When choosing a tax relief company in Dallas, look for a business that is experienced and receives positive reviews from customers. The company should also employ licensed professionals — to represent you in front of the IRS, a tax relief company must have an attorney, certified public or enrolled agent on staff.

Most tax relief firms in Dallas offer free consultations to gather basic facts about your case and answer questions. The tax relief company you choose should explain which tax relief strategies you may qualify for, the process for tax resolution and the cost of tax relief.

Be wary of scams when choosing a tax relief company. Avoid any business that asks for full payment upfront or that promises to eliminate or reduce your debt before looking at the specifics of your case.