Owing more than you can afford to pay is stressful. When you’re in debt to the IRS, it’s even more harrowing. Knowing where to turn for help can make all the difference. Our partners at ConsumerAffairs researched the best tax relief companies in Baltimore to get the debt relief you need.
Tax relief refers to any program or incentive that reduces your tax bill and potentially provides IRS payment plan options. Tax debt relief in Baltimore can be broken down based on the aid provided into:
Tax deductions. Tax deductions lower your taxable income.
Tax credits. Rather than reducing your taxable income, tax credits are discounts applied to the amount of taxes owed.
Tax exclusions. Different than deductions, exclusions indicate income that doesn’t contribute to your gross income.
Repayment plans. Repayment plans allow you to pay off your tax bill over time.
Offer in Compromise. An offer in compromise is a settlement with the IRS for less than what you owed.
Penalty or interest abatement. Penalty relief and interest abatement programs waive fees and interest on late payments.
Not all taxpayers qualify for these services, but quality tax relief companies know the ins and outs of each category and utilize complex solutions to reduce your tax debt and reach an agreement with the IRS. However, they don’t do it for free.
How much does tax help cost in Baltimore?
Tax debt relief companies often require clients to have at least $10,000 in tax debt and sometimes charge upfront fees of $1,000-$2,000 for specified services, with additional fees down the line. Other fee structures include paying by the percentage of debt; by the hour; and by the service provided.
If you need to mete out your debt over monthly installments, but you don’t want to deal with the IRS paperwork for repayment plans, you’re going to pay around $1,000 for a tax resolution company to do it for you. However, most people seeking tax resolution require more complex help finding deductions and credits, eliminating penalty fees or reducing back taxes. That service will likely set you back $3,000-$5,000.
Debt is enough of a hardship as it is; if you’re forking over thousands of dollars to reduce what you owe, it better be worth it. Unfortunately, some services are not. These services will reduce your tax bill, but by less than you paid them to do it.
Some others are total scams. Wherever there are desperate people, scammers follow, and there are plenty of scam tax relief programs in Baltimore. Knowing how to spot legitimate, high-quality tax resolution help is key.
Finding honest tax relief in Baltimore
There are legitimate companies offering tax relief in Baltimore; you just have to know how to identify them. Reputable tax debt relief companies in Baltimore employ tax attorneys, Certified Public Accountants, enrolled agents or a combination of these.
Transparency is always a good indicator as well. The highest-rated tax resolution services are associated with companies that provide a detailed explanation of services, possibilities and limitations and have verifiable information, such as the names of the tax attorneys on staff.
Even if names aren’t on a website, good tax debt relief companies are willing to provide you with the names of the tax attorneys and enrolled agents they employ. You can verify tax attorneys credentials online and verify enrolled agents by emailing the IRS with the name and enrollment number of the agent in questions.
While it’s best to avoid companies that guarantee specific results, companies that guarantee a refund if you’re not satisfied with their services are a good option.
Finally, look for companies with reviews and credentials that back their claims. All tax debt relief companies in Baltimore will have some bad reviews, but legitimate ones will have plenty of good reviews to counter the naysayers. Opt for companies with membership in professional organizations or accreditations from industry leaders. Good examples include:
Being accredited to provide IRS continuing education services
Whomever you choose, make sure you receive a written contract upfront that details the services, refund policy, timeline and cost estimate.
Finally, remember that tax relief in Baltimore doesn’t happen overnight. Every situation is unique, but the process usually takes two to six months. A reputable company will review all your information and provide an honest timeline estimate.
This team of tax specialists is licensed in all 50 states and operates remotely, making Anthem a convenient option for tax assistance. The pros at Anthem Tax Services have more than 30 years experience in tax preparation and tax law and they offer a 100 percent money-back guarantee if you don’t end up better than you started. Customers say working with Anthem saved them tens of thousands.
Community Tax, also known as CTAX, has a team of experienced attorneys, CPAs and enrolled agents that provide an assortment of tax resolution services. This one-stop-shop for everything tax-related provides tax resolution, bookkeeping, tax preparation and accounting services for people across the country. Customers highly recommend this company and say the team at CTAX is skilled, professional and comforting.
Offering a 15-day money-back guarantee, Larson Tax Relief is confident it will satisfy customers. Its confidence stems from 14 years of industry experience, a staff of enrolled agents and successfully having helped more than 15,000 clients since opening in 2005. Customers say they are more than pleased with Larson’s results.
Experienced tax lawyers at J. David Tax Law work with tax debts of more than $10,000. This firm can customize solutions to your unpaid taxes, unfiled taxes, tax liens, tax audits, bank levies and wage garnishments. Their quick application process makes it easy to see if you qualify.
This law firm specializes in tax controversy, tax resolution and tax litigation services for individuals and corporations. All the attorneys at Victory Tax Law have more than five years of experience in the field, and, by working at Victory, they’ve made a promise to treat each client as a unique case, provide exceptional service and communicate honestly and effectively. Customers report amazing results, quality service and efficiency in all matters when working with this law firm.
Unlike local tax lawyers or CPAs, Fortress Financial’s tax attorneys specialize in back taxes relief. A licensed lawyer will handle your case. Based in Oregon, Fortress Financial helps clients from all states with Offer in Compromise and many other tax resolution services with the IRS and state tax agencies.
Instant Tax Solutions
This tax debt relief company opened in 2009 with one goal: to be the type of tax debt relief company customers could truly rely on and trust. Fast forward ten years, and they have grown from a two-man shop in Idaho to a nationally-recognized company servicing communities throughout the country, including Baltimore. After working with Instant Tax Solutions, customers report they lack the words to describe the quality care they received and the burden the company lifted.
Attorney's Tax Relief
These tax attorneys based in Chicago serve clients nationwide. Attorneys Tax Relief boasts the highest Offer in Compromise acceptance rate and free consultations. The company helps individuals and businesses facing an IRS investigation and promises aggressive defense no matter what state a client is in.