Find the Best Tax Relief in Boise, ID

How to get tax debt relief in Boise

Many Boise residents find themselves not only unable to pay this year's taxes but also struggling with back taxes left unpaid from previous years. The IRS takes unpaid back taxes seriously and may press charges, require immediate payment or even seize assets to settle the debt. In extreme circumstances, unpaid back taxes result in jail time. Tax relief can make things more manageable for over 20 percent of tax filers who do not have enough money to pay their taxes.

The two most common benefits of tax resolution are breaking the debt into installments and negotiating a settlement between the taxpayer and the IRS. Another way to settle your IRS debt is through an Offer in Compromise. This is a settlement between the IRS and the taxpayer and is typically a last resort since people who can pay via assets or installments do not qualify. An OIC is accepted when:

• There is a legitimate doubt that the taxpayer owes the amount they’re being asked to repay.
• The taxpayer's assets and income are insufficient to cover the debt.
• The taxpayer has the means to pay, and there is no doubt that they owe the tax, but collecting the tax would create an economic hardship or is not justified in the taxpayer’s current situation.

Types of tax relief in Boise

Tax debt relief companies only work with people who have a minimum amount of tax debt, usually $10,000. If you are only a few hundred dollars short on your tax payments, tax relief in Boise is not for you. However, if you find yourself drowning in debt and hassled by the IRS, a tax resolution company in Boise may be your best option. Recognize that tax debt relief has many rules and restrictions and will never wipe out what you owe entirely.

How much does tax relief cost in Boise?

While tax relief can seem like an ideal solution for Boise residents with tax debt, it does come at a cost. The average price for tax debt relief services is between $3,500-$4,500. Some tax resolution companies require a flat fee upfront, while others charge by the hour.

The severity of your case and the amount of back taxes owed will play a significant role in what you pay for tax debt relief. For example, a tax company will usually charge more for an OIC than a traditional installment plan. Other fees to consider when looking for tax relief in Boise include consultation fees, investigation of liability fees and fees associated with garnish and levy release.

How to choose legitimate tax relief in Boise

Don’t trust just anyone to help you settle your debts with the IRS because there are strict rules and guidelines a tax debt relief company must follow. If you don’t follow these rules carefully, it could make your situation even worse. A legitimate tax resolution company should:

• Have a licensed tax attorney on staff
• Have adequate support staff
• Have enrolled agents you can verify with the IRS
• Be members of the National Association of Tax Professionals.

How to avoid tax relief scams

Unfortunately, there are people in every industry that take advantage of those who are down on their luck, and the tax industry is no different. Signs of a tax debt relief scam include:

• Promising a drastic reduction of taxes upfront
• Promising to eliminate all of your IRS debt
• Failing to investigate your financial background
• Demanding payment before any services are complete

In general, if something feels off, trust your gut and contact the IRS for verification. Remember that the IRS will never call you to collect taxes. If you get a call urging you to pay right away, it's a scam. The IRS will never threaten to bring the police to your home for unpaid debts or ask for credit or debit card numbers over the phone. If this happens, hang up right away and contact the authorities.