Tax Relief Scams

You might be quite interested in reading or finding out more about this lovely company which will help you bring down your taxes and maybe even help you avoid paying your back taxes. You interest might get you into a lot of trouble, as there are a lot of tax relief scams going around.

The Federal Trade Commission, (FTC) is an independent agency set up by the US government to protect the rights of consumers and eliminate coercive monopoly has warned consumers not to get taken in by such claims.
These rogues are effectively using various methods of communication such as the radio, TV, Internet to propagate their schemes.

The modus operandi normally works with the person paying a fee upfront, usually running into thousands of dollars and the company will promise to get the Internal Revenue Service (IRS) to reduce the tax bill by appealing to legitimate IRS hardship programs. You will end in bigger trouble than you are already in.

Phishing

The IRS has identified a number of these tax relief scams. One of these scams which the IRS warns the taxpayer to be alert to, is Phishing. This is a method used by cheats to trip up people into reveling personal or financial information. This information is used to impersonate the victim to access bank account, use credit cards and also to get loans in this person's name. Phishing normally appears as an email from an authentic source and in this case, the IRS. Just remember that the IRS never starts unsolicited e-mail contact with the taxpayers about their tax problems.

One of the tricks that these tax relief companies regularly pull, and which does not amuse the IRS at all, is the unreasonable claims that people make. These companies actually ask their client to put in claims which are totally unfounded. The IRS has a list of these claims. Its best you stay away from this kind of claims or you will be facing a penalty of $5,000.

The hard truth is that most people don't qualify for such programs. The tax relief companies will not settle the tax dues and in most cases don't even send the paperwork to the IRS. These companies will also not give your money back.

Credit card charges

Complaints received by the FTC indicate that many of the companies took thousands of dollars as fees in the beginning and made subsequent withdrawals by making unauthorized credit card charges as well as withdrawals from the bank accounts.

So be alert to these scams. It is not difficult; all you need to do is to read the notices from the IRS carefully. You could ask what the collection alternatives are. There is also a Taxpayer Advocate Service which is an independent organization within the IRS which offers free help to people who need to settle issues or resolve problems with the IRS.

Don't get taken in by companies which tell you that you are eligible for some tax relief. Remember only the IRS can really determine that.

Further reading

Car sharing

No money to buy a car? Be glad, because without a car you have fewer problems. You could try car sharing instead. Car sharing is a global trend and it can be a pretty good option besides public transport or even hitchhiking. Car sharing is a relatively good solution for saving money. Sharing a car without money is only possible if you're driving a sponsored car or if you have a friend who lets you use their car.

How to Save on Car Insurance

When it comes to purchasing auto insurance, grabbing as many discounts as possible is the most effective way to reduce your monthly premiums. Most of the major carriers offer similar discounts if you qualify but if you don’t ask, chances are they will not be offered. So, how to save on car insurance?

Home exchange

Taking part in home exchange programs can be a great way to travel and spend less money all the while enjoying the comforts of a well equipped house or apartment. The concept is also called "house swapping" at times. It's an alternative to hotels, websites like AirBnB or hospitality exchange. It's often considered one of the first systems of collaborative consumption. It's great way to save on accommodation costs and it can also be a good way to have someone take care of your cats and plants while you're away.

How to save money on groceries

There are two things sure in life, death and taxes. And actually, there is a third thing we can be sure of: inflation. Over time prices of almost all products are rising. This is especially obvious with groceries. World food prices have been rising more steadily in recent years. And you might feel that in your wallet. Saving money on groceries is a good way to get around it. How to save money on groceries?

Free credit report

Free credit reports have never been easier to get. You can still go the traditional route and pay for them, and then wait to get them in the mail. Or now you can get them online instantly and best of all for free. Now you can get access your credit history anytime you want and anywhere you want.

Cheap Personal Loans without income proof

Cheap loans, cheap equity loans, cheap home equity loans, cheap mortgage loans and cheap student loans without a cosigner are available online as well as through various financial institutions in every main street in the USA, UK and Australia. Similar offers for fast cheap loans can also be found via online vendors, including cheap payday loans online and cheap refinance loans online. Remember that what seems cheap at a first glance could become too expensive for you to carry in the future.