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Avoid getting ripped off by false promises from shady tax firms

You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering to settle your taxes for "Pennies on the Dollar". They all make the same claims:

  • "IRS problem? No problem!"
  • "We can wipe out your tax bill for just pennies."
  • "Never worry about the IRS again."

If tax settlements are that easy, why is the IRS rejecting most offers in compromise even if they are submitted by so called experts. Do yourself a favor and save some money, too. Don't believe these statements. Most of the time you are talking to a commissioned sale rep, not a tax professional. If you get ripped off, you will have virtually no recourse and the IRS will not feel sorry for you either. There is so much deception and fraud surrounding the offer in compromise that the IRS is now warning consumers about hiring certain "compromise mills".

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