For people who owe more back taxes than they can afford, trying to pay off IRS debt is confusing and downright stressful. However, the right tax attorney helps you manage your debt and possibly even settle with the IRS. Our partners at ConsumerAffairs researched the best tax relief companies in Missoula to help you get your finances back on track.
Anyone in Missoula who underreports earnings or underpays taxes will find themselves owing back taxes. The IRS has 10 years to pursue this debt, during which time it continually adds interest and penalties to the total. In most cases, not even bankruptcy can help people escape tax debt.
The IRS has created multiple programs to help people with tax debt, but many people don’t have the knowledge, time or experience to navigate these programs effectively. Luckily, people with tax debt can get help from a qualified Missoula tax relief company that helps them negotiate with the IRS to settle or reduce what they owe.
Almost all tax relief companies in Missoula work with individuals who have a minimum of $10,000 in tax debt, but some companies only take cases with over $20,000 in back taxes. If you qualify to work with a tax relief company, your tax accountant will guide you through any relevant IRS tax resolution programs like:
Payment plans, which are an agreement to pay back taxes in installments rather than in one lump sum
Interest or penalty abatement, which helps people who haven’t paid because of a hardship avoid punitive charges
IRS offers in compromise, which let you pay off your debt for less than you originally owed
An offer in compromise assists taxpayers who can’t afford to pay their entire tax liability. Before giving an OIC, the IRS considers factors such as your:
Ability to pay
Generally, the IRS doesn’t grant settlements unless it believes it will never get the full amount anyway.
Check with the State of Montana to find more information about state tax debt relief programs and see if you qualify.
How much does tax relief cost?
The cost of tax relief in Missoula varies depending on many factors, including your amount of tax debt and which tax relief company you hire. Many companies in Missoula offer free consultations. Fees can be as little as $500 for penalty abatement all the way up to $10,000 for an offer in compromise.
Some factors that affect the cost of tax debt relief in Missoula include:
The amount you owe
The complexity of your case
Whether the tax relief company charges a flat fee, a percentage of your debt, a timed rate or an upfront fee
How long does tax relief take?
Companies offering tax resolution in Missoula like to work quickly to resolve your tax debt. Generally, they resolve cases within six months; however, the complexity of your case ultimately dictates the duration. Complex cases with debts $50,000 and over or complicated components take longer. Simpler cases, like tax penalty abatement, take less time.
Tax relief scams
When you’re already concerned about taxes and money, you shouldn’t have to also worry about being scammed. Unfortunately, tax relief scams in Missoula are common.
It’s essential to look closely at a debt relief company’s credentials before paying them anything or signing a contract. Qualifications to look for include:
Anthem Tax Services provides tax debt relief and free consultations in Missoula. On average, clients can expect to resolve their tax debt in one to three months. Reviewers appreciated the sincerity and care the professionals at Anthem showed in their work.
Community Tax is available in all 50 states and offers free consultations. Reviewers looking for tax resolution in Missoula and surrounding areas said they appreciated the thorough tax relief services Community Tax gave them.
Larson Tax Relief works with individuals and businesses that owe more than $20,000 in tax debt. It has accreditation from the National Association of Tax Professionals and offers a 15-day money-back guarantee on its services. Reviews from Missoula mention the honesty of the staff at Larson Tax Relief and their ability to give them peace of mind during a very stressful time.
J. David Tax clients only work with experienced tax attorneys. It offers no-cost consultations, and reviews tout J. David Tax’s ability to resolve tax debt issues quickly. Clients appreciate this company’s transparency and honesty along with the fact that they never had to deal with the IRS themselves.
Victory Tax Lawyers calls itself a law firm, not a tax resolution company. It has an experienced, accredited staff and offers free consultations. However, this company tends to take on higher-debt clients and may not accept other cases. Reviews mention the high level of communication from its tax attorneys and their ability to solve tax issues quickly and efficiently.
Fortress Financial’s licensed tax attorneys operate nationwide to help clients with tax debt after a no-cost, no-obligation consultation. It also offers a money-back guarantee. Reviewers liked the knowledgeable professionals working at Fortress Financial but also point out that its process can take longer than other comparable companies.
Instant Tax Solutions offers free, 15-minute consultations for new clients to ask questions and ensure its services are right for their situation. Reviewers in the Missoula area commend Instant Tax Solutions for its ability to answer complicated questions and help them understand their best options.
Attorneys Tax Relief
Along with a staff made up of accredited CPAs, tax attorneys and enrolled agents, Attorneys Tax Relief boasts free consultations and national availability. Reviewers appreciate its upfront pricing and getting quick responses and proactive communication from its attorneys.
The Tax Resolvers is a BBB-accredited tax relief company that works with tax attorneys, arbitrators and accounting experts to manage your IRS debt. This company also offers tax consulting, tax preparation and tax settlement. Online reviews are positive, and customers appreciate the help they received through The Tax Resolvers.