Finance, Loan, Debt and Credit.

March 13, 2018

Refinance Car Loan – Secrets Revealed

Filed under: Loan — Tags: , , , , , , , — admin @ 12:47 pm

Refinancing your car loan can help you save thousands of dollars and reduce your monthly payment. Below listed are simple tips to help you refinance your car. The lower payments and the thousands of dollars in savings will help bring balance back in your life.
The first question you need to answer is “Will I be saving money be refinancing?” You will need to determine factors that include time remaining on your loan, new interest rate and possible savings over the length of the loan. Also take into consideration any switching costs or fees to setup your new refinance loan. If you end up with a lower interest over the same length of time, you should refinance your auto loan.
There are some factors that will need to be considered before the refinance. The biggest reason for a refinance is thousands of dollars in savings on the interest you have been paying currently. Sometimes people are stuck with their initial loan due to pressure from the car dealer to buy the car on loan. Many individuals find they never had the time to calculate the payments through the excitement of driving their new car.
The best time according to experts to refinance is when you are about to change the amount of your repayments, either paying less or paying more each month. If your intent is to stretch longer so you can afford to pay your loan, a refinance starts to make sense. Whatever be your reason to refinance, check with multiple refinance companies and compare interest rates and fees. Rethink your options wisely and make sure you are really saving money with the refinance. If you are looking for a good company who can provide your with auto refinance quotes, feel free to visit our site and read further on services we provide to our clients.

Jack Harris is a loan refinance specialist for Ameri refinance services. Visit us at for non profit debt consolidation services.

October 26, 2017

Powerful Credit Card Debt Relief Secrets Revealed

Need a credit card debt relief services fast? A credit card debt relief industry secret will help you prepare for debt help, and could possibly save you bankruptcy or worse. High interest charge card balances are all too common these days, according to consumer statistics, and the number of insolvent households is growing. A few industry insider secrets can dramatically alter your method of using a card relief company and set you up for success coming out of your debt.It’s happened to all of us, waking up one day to a shocking credit card debt balance statement, wondering how it is that we got in so deep. Rent bills, food costs, student expenses, car insurance, etc. all added together can be a daunting day to day challenge, and it is often necessary to rely on a credit card for urgent needs. Over time your balances mount, your debt rises, struggling you soon discover you are only falling deeper and deeper and are in need of help. At some point you decide you have had enough of the constant struggle to survive without making any progress, you are ready to seek the help of a professional debt service. Determined to regain control of your life, you look for credit card debt relief, but how to find a trustworthy service?Your best path to choose with your chosen credit card debt relief agency will be made clear by the current state of your debt. Before you move forward you should answer a couple questions to decide how best to move forward with your service. For starters, look at your finances and add up your credit card balances and determine what your total debt amount is. Second, ask of yourself, are you in default with your credit card companies? Your following debt relief options will be directly decided by your answers to the preceding questions.Maybe you currently have a high loaned amount from your credit card, or lots of little cards that stacked up are proving too costly? If that sounds like you, a credit card debt consolidation loan is sure to dramatically save you money. Some debt consolidation offers can even save you up to 65% in some cases on your month to month finance bills and can eliminate your credit card balances on with a same day payoff. The well kept secret of a debt relief consolidation loan is that you must remember that though it pays off your charge card balances it does not reduce them, rather it moves them to a better, less expensive loan. Consolidating your charge card balances is generally viewed as a good thing by the credit report agencies, because it lowers the number of open credit accounts you have and frees up monthly money.If your bills are well in default and collection agencies are hounding you already, you should probably consider a card settlement option. The secret to settlement is that you must be in default of your credit card debt for your creditors to agree to it. A quality debt relief site will typically offer to talk to your credit holders and serve to work out a plan to get as much of your current balance forgiven and forgotten, with impressive results. It is important to note that a credit card settlement will negatively impact your credit score, but if you already have bad credit, you can worry about rebuilding your credit score once you get back on your feet.The powerful secret of debt relief is that being in default gives you leverage with your creditors. Credit card debt relief can be found faster with settlement because they can typically negotiate half of what you owe to be forgiven. Using these services will further hurt your credit rating, but this is a small consideration for achieving the relief you need to get back on your financial feet and heading towards success again.

If you found this article helpful, be sure to check out our free guide to Bad Credit financing today!.

If you are in need of bad credit new car loans, check out our trusted services today!

October 12, 2017

Mortgage Debt Elimination Secrets

Filed under: Mortgage — Tags: , , , , , , — admin @ 12:47 pm

The mortgage debt elimination process that we’re going to share with you will, without a doubt, put you on the right path towards eliminating your mortgage payment. Once you begin putting these strategies to use, you’ll be much happier as you rid yourself of that burdensome debt.

Adjustable Rate Mortgages – ARM’sIf you get into an ARM, you’re opening yourself up to higher monthly house payments since ARM interest rates are not fixed. Basically, the interest rate you pay on ARM’s resets at a “higher” rate in a short period of time (generally 1, 3 or 5 years). As a result, your monthly mortgage payments will skyrocket.It’s very sad to see so many people that are struggling with these increased payments after their ARM resets; many to the point of losing their homes. Fixed Rate MortgagesYou’ll find that a fixed rate mortgage is a better option then an ARM. In fact, you’ll find the vast majority of mortgages out there are 30-year fixed rate mortgages. The problem with the 30-year fixed is it will literally eat a hole in your pocketbook. This is because 30-year notes will cost you hundreds of thousands of dollars in interest payments. In fact, mortgage companies love 30-year mortgages because they make them rich. Your monthly mortgage payments are based on an amortization schedule where your monthly payment is made up of both interest and principal. Since the principal portion of your monthly payment is what reduces your mortgage balance, the great majority of your payment is “not” paying down your mortgage debt because most of this payment is being allocated towards interest.Prepayment Penalty Clause And Mortgage Debt EliminationYou’ll want to make sure your existing mortgage does not have a prepayment penalty clause in it. A prepayment penalty is a fee assessed by the mortgage lender on the borrower who prepays all or part of the principal of the mortgage loan before it’s due. A great many conventional mortgage loans do not contain a prepayment clause. However, depending on the lender you’re dealing with, some do. So, it’s prudent to ensure that you don’t have to deal with this clause in the event you want to accelerate your mortgage payments. Extra Principal PaymentsThis mortgage debt elimination technique gives you the option to make extra principal payments towards your mortgage loan which will enable you to pay off your mortgage substantially faster. You also have the added benefit of saving several thousands of dollars in interest payments my using this method.Starting at payment 1, you can pay off your mortgage in half the time by simply paying your regular mortgage payment plus “just” the principal amount of payment 2. By doing this you’ve basically made two payments and just avoided the payment 2 interest payment.Another way to look at this is you’ve paid off the principal twice as fast. Because you are paying double the principal, you’re jumping down the amortization schedule two months at a time; or twice as fast. For the second mortgage payment, you skip down to payment 3 where you’ll pay your full monthly mortgage payment plus the extra principal from payment 4; and you continue on from there.    What’s nice about this mortgage debt elimination method is its flexibility. If you only have $25, $50, $100 for example to put toward extra principal payments, by all means you should do so. You’ll still get your mortgage debt paid off faster and save thousands of dollars in interest payments. Refinance To A Lower RateThis is another excellent mortgage debt elimination strategy that can certainly benefit you. To figure out whether it’s in your best interest to refinance, you need to calculate your break-even point.The break-even point is the time it takes to make up in monthly savings (had you refinanced at a lower rate) what you paid in fees to do the refi. You can calculate your break even by simply dividing the mortgage fees by the monthly savings. For instance, let’s say you would save $100 a month by refinancing, and the refi closing costs would be $3,000. Your break-even point is 30 months from now: the $3,000 in fees divided by the $100 a month in savings. Whether or not to refi comes down to how long you plan on living in the house you’re considering doing the refi on. For example, if you expect to continue living in the house for more than two-and-a-half years, you’ll save money in the long run by refinancing. But, if you plan to sell the house before then, you’re better off staying with the mortgage you have.The 15-Year Fixed LoanThis is an excellent mortgage debt elimination strategy because with the 15-year fixed, the equity in your home is growing much faster than it would with a 30-year fixed. This is because the 15-year fixed puts the time value of money on your side. In other words, you’re having your monthly mortgage payments weighted more towards principal, enabling you to pay yourself by quickly increasing your equity instead of overpaying interest to the mortgage company through a 30-year fixed. Invest In An Index Mutual FundThis is a fantastic mortgage debt elimination method; but it requires discipline on your part. Using this strategy, you would invest your extra mortgage principal payments into a no load index mutual fund. This strategy depends on your time horizon because stock mutual funds are a longer-term investment strategy. But we’ve got to tell you that historical returns on these index funds have averaged 11%. Compare the 11% to your mortgage interest rate, and you can see why this is a great strategy.

Tim is the editor of where you?ll get the answers you need to live better on less through wise family money management. These money saving strategies include tips on frugal living, budgeting money, eliminating debt and more.

Tim doesn?t just write about these strategies, he lives them. Tim also has an MBA in finance as well as over 20 years of professional experience in personal finance.

For additional information to assist you with eliminating debt, see

October 26, 2016

Credit Card Collection Agencies Secrets

Filed under: Credit — Tags: , , , , — admin @ 12:46 am

Have you ever wondered why collection agencies keep calling you more often? There are numerous situations that credit collectors use to get the money you owe.

But let’s start from the beginning when you get your credit card. Obviously everyone knows that you need to pay your credit card on time. However, situation is not always the same when it comes repaying your credit card debt.

Once you are late on your credit card, Credit Card Company will alert you and give you a chance to work with them to pay off your debt. This is the best chance ever, if you credit card company is willing to work with you. In most cases you will receive late notices and your credit score will start to take a hit. If you are one day late on your credit card payment, your credit card company will report this late as 30 days late on your credit report. Afterwards; you may receive another notice to call their credit department to help you out with your situation or work out some re-payment plan.

If there is no action from you or credit card Company, your unpaid balance may end up in collector’s hands. Collections agencies are commission based most of the time. They have pre-arranged profit negotiations with credit card companies and typically credit card companies will take 40%-60% from your balance you own. If collector is able to collect more from you, they keep larger chuck of the profit for themselves.

Credit card companies are very serious about privacy of their data and most of the time dictate how your information should be transferred before collector can view your name, address, SSN number, etc.. Some of the top requests are SSL (Secure Server Locket), 128 bit encryption, FTP encryption and password, etc. With all of this and more, there are few credit collection agencies that spend money on more sophisticated software as it is very costly for them.

Once your data is opened or extracted from credit card company list, collection agencies use their own scoring model to determine how quickly you are able to repay your debt if they call you. They look into your credit score, how many tradeline you have, balances, late payment if any and so on. Upon all the data, their own credit scoring model will give them number as how quickly you are able to repay your debt.

But did you ever wonder why they keep calling you more and more? Collection agencies will more likely call more those will higher credit scores than those will lower credit score. If you have a good credit score, you are a high candidate for a repayment or settlement. You are more likely to settle than someone with lower credits score. However, if you have good credit score, collection agency will settle around 40% of the balance, as you owe them 60%. When someone with low credit score and same balance may be able to settle at 60%, as they will owe them 40%.

If you have a good credit score, you are more willing to maintain your credit rating. Collection agency knows this and offers you only around 40% settlement as well as they will call you more often to collect.

Once you have a low credit score, collection agency will try to reach you few times but eventually gives up on you for a few months as they know that you will not repay it back quickly for them to claim a profit.

Most financial professionals will tell you that maintaining your credit score is very important, however collection companies exploit that and use it against you. Yes, they are willing to even settle at 60%, but they will not do it as they will loose their profit. This is a game with numbers and profits.

If you have a good credit and fall behind, work with your credit card credit department and make sure they will not turn your unpaid balance to collection agencies, otherwise you will face numerous phone calls for a credit you build so well.

October 12, 2016

5 Simple Secrets To Refinance Your Mortgage With Bad Credit

Filed under: Loan — Tags: , , , , — admin @ 12:47 pm

Home mortgage refinancing is a good way to reduce monthly payments and interest rate on home loan. Meanwhile, trying to refinancing a bad credit may face many obstacles. It is a common idea among mortgage lenders to charge high interest rates if the borrower has bad credit, which may negate the normal value of refinancing. Be cautious of unscrupulous lenders who may try to scam you while shopping for a lender for your bad credit. However, we have detailed below how to shop around and investigate potential mortgage lenders whom can refinance your mortgage without any problem.


1. Search for a reliable and trustworthy website such as E-Loan, to make comparison shop for potential lenders who can refinance your home loan. In the available online submission form, choose a fixed rate term between 15 and 40 years for your mortgage loan refinance and provide your home’s current value. Also, include your mortgage lender, your current mortgage balance and your bank where you are having your checking and saving accounts. For best and proven result, do not choose any option to take cash out as you are considering home mortgage loan refinancing. Provide all disclosure of your bad credit history, with inclusion of times your home has been foreclosed or you have been declared bankruptcy.


2. Compare the offers made by the lenders on your mortgage refinancing request. Below are what to look out for in lenders offer:

(i) A fixed rate loan

(ii) Interest rate that is lower than your current rate;

(iii) Stay away from ARMs (Adjustable Rate Mortgages)

(iv) Do not consider mortgages with a low introductory rate which will later go up.

(v) Check if there is any penalty to pay off or refinancing of mortgage again.

(vi) Also, weigh the monthly mortgage payments (including interest), taxes and insurance and ensure they are within your financial capacity.

So if they are not, a mortgage loan with a longer term application should be considered. If E-Loan lenders do not suite you or they decline to make you an offer, then you can try another creditable site like MortgageLoan (it specializes in provision of loans for people with bad credit).

3. Visit Better Business Bureau website to check the rating of any mortgage lender that you do not recognize. No matter how sweet and favorable a lender offer is, never accept any deal with him, if it is not listed on BBB website. However, it is not compulsory that the lender should be accredited by the BBB but it should have a good rating and every complaints made should have been satisfactorily resolved. Never, think or assume to consider a bad lender simply because you have bad credit.


4. Protect your right under the law TILA (The Truth In Lending Act) was meant to guard borrowers when they benefited or acquired a mortgage loan. Credible mortgage lenders must provide information such as their identity, the amount they will be financing and monthly payments clearly. Normally, you will have to rescind the credit contract until midnight of the third day if a TILA disclosure form was provided when you are refinancing your home loan. You have 3 years to rescind the agreement if the lender does not make provision for TILA disclosure form.

5. Be suspicious of scam and misleading advertisements from mortgage lenders offering delightful and exceedingly low mortgage rates if you refinance. Some of these lenders are trying to lure homeowners with bad credit with lower rates which usually turn out to be only an introductory rate. They can also offer you very low payments, and not disclose that payments are interest only. Also, in some cases, lenders may hide the fact that a loan is in ARM (Adjustable Rate Mortgage) instead of a fixed rate mortgage.

April 18, 2016

Credit Card Settlement – Secrets To Getting A Good Debt Settlement Deal

At times, credit card settlement can be a tedious task, especially when you are facing a financial crunch. When we start using a credit card, most of us don’t foresee the problems pertaining to the incurring debt. It’s only when we receive the statement of outstanding dues, do we realize that we are in deep trouble, and look out some debt settlement strategies which are likely to pull us out of the crunch situation. One such strategy is credit card settlement or credit card debt settlement.Credit Card Debt SettlementIn a credit card debt settlement process, the debtor or the consumer agrees to pay a lower amount, than what he actually owes to the credit card company, in full. This is most often done when the debtor has a particular amount of money with him, and he is ready to pay this full amount, if the creditor agrees to settle the whole outstanding credit card debt in lieu of this money. Credit card companies feel that even though they are not getting the full amount, they are at least getting something and accord a settlement. Then both the sides try to negotiate and come to an agreement. Most of the debt settlements, which are given a green signal by these companies, belong to debtors on the verge of bankruptcy. At the end of the day, the debtor is satisfied that he has paid his outstanding debt, while the creditor is satisfied about receiving a substantial part of the outstanding dues.Negotiate Credit Card SettlementCredit card settlement is not as easy as it sounds. Sometimes the creditor and the debtor have to indulge in series of negotiations to come up with a mutual agreement. Most of the times, the credit card companies agree to negotiate credit card payoff, only when they feel that there are less chances of getting the entire sum back. You can initiate a credit card settlement either by writing a letter to the concerned person or talking to him on the phone or in person. You will have to be well prepared before you initiate a credit card settlement. Never use profane language when communicating with the creditor. A customer care representative will not have the authority to grant debt settlement offer, so you can try and get in touch with a superior or the person in charge of credit card settlement deals. Being rude, will only hamper your credit card settlement negotiation. On the other hand, being on good terms with the company representative can ensure that you get the best possible credit card debt settlement deal. When the company agrees on credit card settlement, make sure that you have the written agreement in your hand before you make any payment. More on credit card debt settlement tips.Credit Card Settlement LetterA credit card settlement letter is a formal request, made in writing, by the debtor to the creditor, asking him to lower the amount of outstanding credit card debt he owes to the company. The credit card company takes this as an opportunity to get back their money and agrees to get into negotiation for the debt settlement. In simple words, credit card settlement letter is a debt settlement offer initiated by the consumer. Your name, account number, existing balance, paid amount and the settlement amount should be clearly mentioned in the letter. You can also take the help of an attorney, who is familiar with the legal implications of the matter, to write the letter on your behalf.When you opt for a credit card debt settlement, the creditor is allowed to make a note stating “settled for less than full amount” in your credit report. This can prove to be a hindrance, when you would want to extend a credit in the future. Opting for a debt settlement should be your last priority, when it comes to debt management. Instead, opting for interest rate negotiation is deemed to be a much more wiser way out of the existing debt.

March 26, 2015

Inside Secrets of Failed Tax Strategies

Filed under: Tax — Tags: , , , — admin @ 12:47 pm

I have seen the inner workings of hundreds of tax strategies. I recently did a study of tax strategies to reveal the inside secrets of failed tax strategies. I was searching for common causes of the failures. The most common causes all centered around cost, but not in a way you may expect.

– The real cost –

When determining if the cost of the strategy was outweighed by the benefits, many people miscalculated a very important cost – the guide, that is, your CPA. The cost of a CPA can vary greatly. Take for example, the cost of a tax return. One CPA may charge $750, another may charge $2,500. Now, on the surface, it’s easy to say the $750 return is the lower cost. But what is the real cost of that $750 return? What if that $750 tax return doesn’t include any analysis to reduce the amount of taxes paid and the taxes paid with the $750 return are $5,000 more than the taxes paid with the $2,500 return?

– Never getting started –

Many tax strategies failed because they simply never got started. The time that most people think about a tax strategy is usually the same time they are starting a new business or investment strategy. A time when cash is usually tight. The tax strategy then becomes an additional item to add to the already growing pile of cash commitments. The tax strategy gets put on hold temporarily but the temporary status soon becomes permanent.

– DIY –

I often refer to this as the 3 most expensive words in the English language – Do It Yourself. The people who took this route were really forced into it. The options available to them didn’t have benefits that outweighed the cost so they were forced to reduce the cost. The number one way people reduced their cost was to do as much as possible themselves. The problem with this concept is that these people were not leveraging their intellectual capital. They were relying on their own knowledge and not that of proven professionals. Because they had nowhere to turn for professional help that was cost effective for them, they were relying on what little they could learn from the IRS website and tax guides in the bookstore. There was no low-cost, effective alternative to learning the tax-savings concepts that are critical to paying fewer taxes.

– No check up –

Do you see a doctor annually, even if you are not sick? Most of us do, its part of our strategy for a long and healthy life. The same needs to happen with tax strategies. Many people set up their tax strategy, work diligently with their CPA for the first year or two, then let things slide a little bit. While its true that some tax strategies can run themselves to some extent over time, its never a substitute for checking in with your CPA to determine if there is anything that has changed or can be done differently. After all, even if nothing has changed in your world, the tax world changes on a regular basis.

– What should you learn from these failures? –

* Start your tax strategy well in advance of your new venture.

* Don’t let DIY be your most expensive decision!

* Minimizing costs is admirable, but don’t give up the right guide to do so.

* Understand your real costs, which includes overpaying your taxes with the wrong guide.

* Get your routine check up. Even if you have no new activity, check in at least 3 times a year – once with your tax return, once at the end of the year and once during the middle of year.

July 1, 2014

How to choose a tax preparer – secrets for you

Filed under: Tax — Tags: , , — admin @ 12:47 pm

June 24, 2014

Reduce Back Taxes And Irs Penalties: 7 Little Secrets The Irs Hopes You Never Learn

With years of record deficits (and even more in the proposed budget), the government is more eager than ever to get every dollar of back taxes and IRS penalties from delinquent taxpayers. If you find yourself owing back taxes and IRS penalties, here are the seven little secrets the IRS hopes you never see.

Reducing back taxes and IRS penalties little secret #1:  Knowing your taxpayer rights gives you leverage. The most significant way to reduce back taxes and IRS penalties in the audit process is to know your rights as a taxpayer. Instead of feeling powerless in the face of potentially crushing back taxes and IRS penalties, a good tax attorney or a Certified Tax Resolution Specialist will allay your fears by informing you of all the rights and options that are available to you.

Reducing back taxes and IRS penalties little secret #2: Filing unfiled tax returns is an opportunity for a fresh start. You can get a fresh start on your back taxes and IRS penalties, even if you haven’t filed your returns in seven years. Think of it as a back taxes and IRS penalty reboot. Any tax attorney or Certified Tax Resolution Specialist will tell you that you won’t get off scot free (trivia point: “scot free” is a 13th century Scandinavian term for tax free), but you can improve your back taxes and IRS penalty situation.

Yes, in addition to the regular back taxes debt and standard IRS penalties, you might have to pay as much as 25% in non-filing and non-payment IRS penalties, but in going back years to file unfiled tax returns, you have the benefit of 20/20 hindsight. You can amortize losses. A tax attorney or Certified Tax Resolution Specialist, by submitting several years at once, may get you a better deal on an individual year by reducing your back taxes and IRS penalties collectively.

Reducing back taxes and IRS penalties little secret #3: Take your pick of 148 IRS penalties. Just like Eskimos have 40 words for snow, Internal Revenue has over 148 different IRS penalties they CAN hit you with. Even the best tax attorney or Certified Tax Resolution Specialist might not be able to prove your back taxes innocence, but your tax attorney or Certified Tax Resolution Specialist might be able to persuade the IRS to levy a lesser back taxes debt and IRS penalty.

The IRS auditor on the other side of the desk has a lot of latitude to decide what IRS penalty to inflict. This is where a seasoned tax attorney or Certified Tax Resolution Specialist earns their fee. A tax attorney or Certified Tax Resolution Specialist is fully fluent in every tiny nuance of the IRS tax code language. Watching your tax attorney or Certified Tax Resolution Specialist haggling with an agent over back taxes and IRS penalties, is like watching an opera in a language you don’t understand. One virtuoso performance later, what you feared would be a dark and stormy bloodbath finishes with a happy ending.  Reducing back taxes and IRS penalties little secret #4: You can reduce IRS penalties to zero for reasonable cause. If you’ve got a superstar tax attorney or Certified Tax Resolution Specialist, they can help you reduce the IRS penalties to zero. You have to show reasonable cause, but this is what tax attorneys or Certified Tax Resolution Specialists do. You may think you’ve got a reasonable cause to reduce IRS penalties, but in most cases your back taxes excuse has been tried a million times before without success. Only someone who knows the IRS tax code inside and out (like a tax attorney or Certified Tax Resolution Specialist) will know what “reasonable causes” work with the IRS.

Reducing back taxes and IRS penalties little secret #5: You can end IRS audits. There have been whole books written about avoiding back taxes and IRS penalties. Every year those books get updated. Any good tax attorney or Certified Tax Resolution Specialist will tell you that the best way to avoid an audit is to file and pay on time. If you can’t pay in full, at least make a token payment of $5 to avoid nonpayment IRS penalties.

If you get an audit letter, a tax attorney or Certified Tax Resolution Specialist knows the steps to take to end the audit quickly. You wouldn’t believe how long some IRS auditors take to perform an audit. Just to give you an indication, once your audit reaches the 28th month stage, the IRS will ask you to file Form 872, granting the IRS an extension to continue auditing. Every tax attorney or Certified Tax Resolution Specialist in the country will tell you not to sign without trying to negotiate a back taxes and IRS penalty deal. Once an audit reaches the THREE-YEAR mark, Uncle Sam can’t levy IRS penalties. (This almost never happens.) So unless you want to possibly lose almost three years of your life to the IRS, let your tax attorney or Certified Tax Resolution Specialist find a way to end the audit as soon as possible.  Reducing back taxes and IRS penalties little secret #6: Legal representation for audits vastly improves your chances for succesful tax resolution. If you get audited, talking to the auditor yourself is the worst thing you can do. Everything you say is an admission of guilt (at least in the eyes of the IRS). Every tax attorney or Certified Tax Resolution Specialist can tell you real life horror stories where a taxpayer made what they thought was an innocent or helpful comment that landed them with HUGE back taxes debt and IRS penalties. As the proverb states, “he who is his own lawyer has a fool for a client.” Treat an IRS audit as seriously as you would a murder trial. You are looking at jail time here. Get tax help from a tax attorney or Certified Tax Resolution Specialist as fast as you can.

Reducing back taxes and IRS penalties little secret #7: The IRS does make deals.The tax man does make deals on back taxes owed, including interest and IRS penalties. Because this is probably your first time before the IRS, you don’t know the kind of deals you can get. A tax attorney or Certified Tax Resolution Specialist makes deals with them all day every day including negotiating Offer In Compromise tax settlements and IRS payment plan. A tax attorney or Certified Tax Resolution Specialist has a professional relationship with IRS auditors. They know not only what deals they have personally gotten from the IRS in the past, but a good tax attorney or Certified Tax Resolution Specialist hears about the best deals others have gotten from the IRS, as well. You want a tax attorney or Certified Tax Resolution Specialist, and their deal-making experience, in your corner.  When it comes to an IRS audit or reducing your back taxes, you may feel you’ve been dealt a bad hand, but knowing these seven little secrets to reducing back taxes and IRS penalties can be your ace in the hole. Getting an experienced tax attorney or Certified Tax Resolution Specialist to play your cards is the best way to walk away from this high-stakes game a winner. For more information on how to resolve your back taxes and IRS penalties, visit for a free tax relief consultation or call 866-IRS-PROBLEMS.

Older Posts »

Powered by WordPress