Tax Relief Lawyers in Pompton Lakes
"Tax relief" is a term used to describe a few different concepts in Pompton Lakes, New Jersey. It occasionally refers to actions that lower the tax rate that some taxpayers are obligated to pay.
When you hear the term "tax relief" used by an elected official, or someone running for office, they're almost exclusively talking about tax cuts, which would likely apply to the speaker's target audience. A tax cut is simply a reduction in the percentage of one's income (or whatever else is being taxed) that they have to pay in taxes.
However, when most people think of "tax relief," they are thinking of an individual, law firm, or corporation that claims to offer a way to get out of paying some or all of one's back taxes. They usually claim that they will have experienced lawyers negotiate with the IRS or New Jersey tax authorities, to reduce your tax liability. While some of these businesses are legitimate, there are also many scams in this area.
Tax Relief Scams in Pompton Lakes, New Jersey
Many scammers in Pompton Lakes, New Jersey claim that they can completely relieve you of your requirement to pay your taxes - for a fee, of course.
But you should beware: no honest tax relief business in Pompton Lakes, New Jersey will make such promises, because they know it's almost always impossible to deliver on them. Thankfully, there are several features you can look for to help you spot - and avoid - tax relief scammers.
There is one warning sign that virtually guarantees that the tax relief company you're dealing with intends to defraud you: if they make an absolute guarantee that they can lower your tax bill. While there are some legal ways to try and reduce your tax requirement, including negotiating with the IRS, there is no guarantee that they will prevail. And although the IRS does have programs to assist people who are truly unable to pay for their taxes, they are only available to very small subset of the population, and most Pompton Lakes, New Jersey taxpayers aren't eligible to participate in them.
Furthermore, you should be wary of anyone promising tax relief, but demands payment immediately, before they actually do anything. Many scammers in Pompton Lakes will convince their victims to pay them upfront, and then simply take the money and run. They may even make additional, illegal, charges to your credit card or bank account.
How Can a Tax Relief Attorney in Pompton Lakes, New Jersey Help?
If you owe a huge amount in back taxes, and are unable to pay them, it may well be helpful to seek the advice of a Pompton Lakes, New Jersey tax attorney.
Your tax lawyer in Pompton Lakes, New Jersey will be able to give you real, useful advice about your tax situation. Just be ready: your tax attorney will give you honest advice, whether or not that's what you want to hear. Furthermore, in the unlikely event that a licensed tax attorney defrauds you (or attempts to defraud you), you will have significant legal recourse against that attorney through your state bar association.