People’s Tax Relief
People's Tax Relief has enrolled agents, tax attorneys, and CPAs on staff
People’s Tax Relief has helped over 46 million taxpayers across the nation to resolve unwanted tax debt since 2008. The company employs a philosophy to extend exceptional customer service and perform relentlessly until tax issues are resolved on an IRS and state level.
The Good
- Services
- Free consultations
- Qualified staff
Services
People’s Tax Relief does its best to bring out the facts of tax debt in the simplest terms possible, which goes along way for individuals lost in the web of tax jargon. A simple three-step process was created to help taxpayers resolve debt, which breaks down the most complicated issues into more manageable terms. Highlights of the service include:
- Free consultation
- Pay only for the services needed
Free Consultations
People’s Tax Relief offers free consultations to potential customers. By signing for professional representation, People’s Tax Relief will assume power of attorney to contact the IRS on the behalf of clients and will then initiate a complete investigation to uncover any and all funds owed to the tax authorities. This includes back taxes, unfiled income taxes, payroll taxes, or any other applicable issues. Once People’s Tax Relief accepts your case, a tax resolution professional will provide taxpayers with various options for relief under the extensive selection of relief services.
Qualified Staff
People’s Tax Relief offers the additional benefit of having CPAs on staff to quickly and accurately file past years’ income tax returns without skipping a beat. The enrolled agents at PTR have excellent knowledge of tax laws both at the federal and state levels to best serve the needs of clients. This is noteworthy because not all tax resolution firms are equipped to deal with state tax debts, only federal.
The Bad
- No refunds
- No professional accreditations
- Lack of transparency
No Refunds
Unfortunately, People’s Tax Relief does not offer a money back guarantee, which means that customers will not receive a refund if they aren’t satisfied with the service they receive.
No Professional Accreditations
Many tax relief companies have worked to attain professional accreditations with associations within the industry, such as ASTPS, NATP, and NAEA. People’s Tax Relief does not hold accreditations with any of these associations.
Lack of Transparency
The rates for various services are not available on the company’s website. The company reserves the right not to notify you of fees until after an intense investigation has been completed, leaving potential clients with unwanted anticipation. The web page assures that rates are “affordable,” but without specifics, verification isn’t possible.
The Bottom Line
Tax laws and tax debt in general is a volatile field of finance and it’s difficult to see the “big picture” when faced with tedious, complicated forms and rules. People’s Tax Relief aims to help get you back on the right track and may be quicker and less costly than negotiation on your own. The company has an excellent staff with experienced tax attorneys, enrolled agents, and certified public accountants to help resolve the simplest to the most extreme tax cases out there. Overall, we suggest taking advantage of the free consultation to discover what you would owe and what solutions are available to get your situation resolved or checking out our other top tax relief companies.
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- Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
- Negotiates with your creditors on your behalf.
- Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
- Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
- Combines all your debts and creditors into one monthly payment.
- Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
- You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
- Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
- Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
- Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
- Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
- Borrowers can receive funds from their loan within only a few days.
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