Best Tax Relief in Tulsa, OK

How to get tax debt relief in Tulsa

Millions of Americans have tax debt, and every year, the IRS levies over 500,000 bank accounts to collect past-due taxes. For taxpayers in Tulsa who have more than $10,000 in tax debt, tax relief companies are willing to negotiate with the IRS for manageable repayment plans and the elimination of tax debt.

Back taxes, which are unpaid taxes from a previous year, accumulate interest and penalties. Back taxes stem from failing to report all income earned in a tax year, neglecting to file a tax return or simply not paying off the taxes when they were due. If a person in Tulsa doesn’t have the means to pay their taxes, tax relief companies are available to help them avoid criminal charges, including imprisonment, and enroll in a payment plan.

Federal tax relief programs include interest abatement, innocent spouse relief, installment agreements, settlements and IRS appeals. Penalty abatement is also available for first-time, non-compliant taxpayers in Tulsa to request a reduction of certain penalties for a single tax period.

Some taxpayers in Tulsa permanently settle their tax debt for less than they owe with an offer in compromise once other payment options have been exhausted. Though tax relief companies help taxpayers file OICs, the IRS has strict qualifying guidelines. Some federal tax relief programs eradicate up to 99% of national tax debt, but this is not a realistic expectation.

Individuals and businesses in Tulsa qualify for state and federal tax relief programs based on:

• Income: Your monthly income demonstrates what payments you can afford.
• Expenses: Know how much money you need to cover basic living expenses before making tax payments.
• Assets: The IRS prefers to seize or put liens on assets before offering certain federal tax relief programs.

Sometimes, individuals and business owners in Tulsa qualify for tax resolution based on ongoing health issues, emotional distress or even natural disasters.

How much does tax debt relief cost in Tulsa?

On average, tax debt relief in Tulsa costs between $3,500 and $4,500. Complex cases, like those involving an LLC or S corporation, require more involved tax preparation, so case fees range between $5,000 and $7,000. Pursuing an OIC costs up to $7,500, while penalty abatement can cost a taxpayer up to $1,000.

Carefully review the company’s refund policy before signing a contract, and check if a default billing rate, which is a flat rate applied to all employees of the firm, applies if you cancel the service before the contract ends.

The tax resolution process takes anywhere from two to six months, depending on what programs clients in Tulsa qualify for and how quickly they return their documentation.

Finding honest tax relief in Tulsa

Unfortunately, many desperate people seeking tax debt relief in Tulsa fall prey to scams and shady business practices. If you pursue tax debt relief, there are several ways to avoid scams:

• Set up an initial consultation where you can review licensing and qualifications.
• Avoid companies who make claims about being able to help without seeing your debts and assets first.
• Don’t trust companies who lie or make outrageous claims like saying the IRS has never denied one of their settlements.
• Be wary of companies that require thousands of dollars in payment upfront or have a non-refundable payment policy.

Legitimate tax debt relief companies should also employ licensed attorneys, certified public accountants and enrolled agents who adhere to government guidelines since these are the only people certified to represent your case to the IRS.