Tax Relief Lawyers in Waldwick

"Tax relief" is a term used to describe a few different concepts in Waldwick, New Jersey. It sometimes refers to actions that lower the tax rate that some taxpayers are obliged to pay.

When you hear the term "tax relief" used by an elected official, or someone running for office, they're almost always talking about tax cuts, which would supposedly 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 typically claim that they will have skilled 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 Waldwick, New Jersey

Scammers in Waldwick, New Jersey often claim that they can employ some special method enabling you pay the IRS less than you truly owe, or even erase your tax debt.

In the majority of cases, however, tax relief scammers in Waldwick, New Jersey have no actual ability to reduce your legal liability to pay your taxes. However, these scams also have many common factors which tend to be dead giveaways of their fraudulent nature, making them fairly easy to avoid if you are extremely vigilant.

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 unequivocal guarantee that they can lower your tax bill. While there are some legal ways to try and reduce your tax obligation, including negotiating with the IRS, there is no guarantee that they will succeed. And although the IRS does have programs to advise people who are really unable to pay for their taxes, they are only available to very small subset of the population, and most Waldwick, New Jersey taxpayers aren't suitable to participate in them.

Additionally, you should be wary of anyone promising tax relief, but demands payment immediately, before they truly do anything. Many scammers in Waldwick will convince their victims to pay them upfront, and then simply take the money and run. They may even make additional, unauthorized, charges to your credit card or bank account.

How Can a Tax Relief Attorney in Waldwick, New Jersey Help?

If you are in need of tax relief, or are having trouble paying taxes you owe, it can't hurt to speak with a Waldwick, New Jersey tax attorney.

If you hire a knowledgeable Waldwick, New Jersey tax lawyer, your attorney will be able to provide you with honest advice about your legal situations vis-à-vis your taxes. Fair warning: honest legal advice sometimes doesn't involve telling you what you want to hear. However, the advice of an attorney will be far more useful than anything most "tax relief" companies tell you. Plus, in the very rare event that your attorney tries to defraud you, you have much more legal recourse against them than you would have against some fly-by-night "tax relief" company.