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Who has had or has IRS problems?
I see a lot of IRS help companies advertise, and I was wondering how common IRS problems are and what experiences people have had with these companies in terms of costs and results.
3 Answers
- Bostonian In MOLv 71 decade agoFavorite Answer
Their track records are abysmal. Less than 20% of all Offers in Compromise are ever accepted by the IRS. The fees that they charge are outrageous. Their advertising claims border on outright fraud.
See the IRS warnings about these firms: http://www.irs.gov/newsroom/article/0,,id=120169,0...
- 1 decade ago
only a small percentage of the population actually gets a "love letter" from the IRS. The process of the audit is very time consuming because in some cases it could drag on up to 2 years. But, IRS is now experimenting with what they call a Fast Track Program.. in Arbitration or Mediation. The time frame now for resolution is up to 60 days.
Considering a CPA/EA/Tax Lawyer typically charges about 50-400/hour the cost for the taxpayer is high during an audit. They will need to research the client's tax return and will have to come up with a reasonable cause so IRS will waive the penalty.
- MegatronLv 51 decade ago
I have 1099 C forms coming to me, and I'm hoping that they won't pose an IRS problem.
