Category Archives: Finance

Top tax relief fraud practices to know

You may have heard different commercials or seen ads such as “solve your tax debt free of charge.” “We are the top tax relief company in the country,” the claim. The truth is that a lot of companies even if they are publicly traded are not exactly trustworthy. In fact, most of such companies have been sued by consumers for theft and fraud. With some research, you will realize that these companies

tax fraud 6taIt is unfortunate that tax relief industry has been invaded by vultures who are looking for an opportunity to prey on individuals who have been threatened by IRS. Although you cannot stop such unscrupulous characters, you can gather tools that can help you defend yourself. It is necessary to start by gaining knowledge about common tax relief scams. You can learn more at https://honesttax.com. The following tips can help to protect you:

Non-refundable upfront payments

This is a common scam that is executed by some tax relief companies. They will charge you some money upfront and promise you great results which they are aware are unpredictable or even impossible to achieve. For instance, the company will ask you to offer them a lot of money before they start investigations. The truth is that some companies are bad apples in this particular industry.

Misrepresenting potential outcomes

This is carried out by aggressive salespeople who reel in the clients. They offer compromise settlements. The truth is that very few taxpayers can qualify for Offer in Compromise. Unfortunately, scam companies which are out there cannot tell you. They can cheat you that the process is undergoing well when everything has backfired.

Marking firms posing as service providers

tax fraud 5r6tNowadays, there are different companies promote tax relief services. However, they do nothing other than selling the customer’s information to tax relief companies. Unfortunately, a consumer may be made to believe that he or she is working directly with the company. However, they are likely to sell the customer’s information to other companies.

Outright fraudsters

Some companies are out there to cheat and steal from their customers. In fact, these are the companies the government is trying to shut down. Some unscrupulous companies enroll several clients into the program and collect the money without offering adequate services. When there are many upset customers and complaints, these companies change their names and start stealing from customers all over again.