Best Tax Settlements

The owner of this company, Barry Levine, was also the manager of Taxpayers Negotiation Group which was owned by a relative of his Corazon Levine. Taxpayers Negotiation Group has an ‘F’ rating with the Better Business Bureau. Complainants for that company alleged that the company failed to provide services, updates on the status of their cases, and that in some cases the IRS imposed wage garnishments, or seized bank accounts when no action was taken by the company. Most of the complaints for that company remain unanswered.

A separate report for Taxpayers Negotiation Group is available upon request.

Typically these companies advertise that they can settle tax related obligations for less than the amount owed. Many represent that they have attorneys or certified public accountants on staff that will work on your behalf to resolve these issues.

In some cases, the company will calculate what they believe will be the amount you save by utilizing their services. Generally the fee they charge will be based on the projected savings, while others charge a flat rate of several thousand dollars. Our complaint experience on many of these firms indicates that they exaggerate or misrepresent their ability and expertise in effecting settlements and often promise much more than they can deliver. They generally attribute their inability to obtain settlements on the fact that the customer provided inaccurate or incomplete information. None of the firms guarantee that anyone will be able to obtain a settlement of their tax debt.

We urge caution. Many taxpayers have been left with the original tax debt, along with additional interest and penalties.

If you have tax debt with the IRS, we suggest you first seek the advice of an IRS enrolled agent, CPA, or a tax attorney. You may also consult with the IRS to determine if you would qualify to file for an offer in compromise, or some other type of payment arrangement. To learn about the IRS’s rules for an offer in compromise, visit www.irs.gov.