How to Avoid 4 Tax ResolutionCompany Rip-Offs!
If you’re looking for expert advice, look no further than this article, which provides a comprehensive guide on how to avoid tax resolution company rip-offs. Keep reading to discover the four most common scams and what you should look for in a reputable tax resolution specialist.
Possible Tax Resolution Strategies
For honest taxpayers, receiving a letter from the IRS can be extremely daunting. Unlike most other government agencies, the IRS has the power to attack your wages, freeze your bank account, and even confiscate your property, which is enough to send shivers down any taxpayer’s spine.
REASONABLE COMPENSATION
I need to alert you to new risks to the accuracy of your Reasonable Compensation figure. (Reasonable Compensation is the salary or wage that you, a shareholder-employee of an S Corp must pay yourself for the work you perform for your company.) The Qualified business income (QBI) deduction (created with the passage of the TCJA) is tied to Reasonable Compensation and creates the new risks.
IRS Problems
IRS problems are a very personal type of problem and people often do not know where to turn for help. IRS problems generally affect all aspects of life. Many people just live with the problem for months and sometimes years, assuming that nothing can be done about it. Imagine how relieved you or someone you know who has IRS problems would feel if you could just put him/her in the hands of a competent expert who deals with the IRS on a daily basis and who really cares about helping people.