In today’s world where taxes are a significant part of our financial concerns, having a reliable tax relief company to help you navigate the complex world of taxation is a necessity. In this blog post, we will discuss Larson Tax Relief, a company that claims to offer such services. The question is, how does it work, and is it a scam or legit? Let’s find out.
Larson Tax Relief, also known as Larson Financial, is a tax resolution company that offers assistance to individuals and businesses facing tax-related problems. The company boasts of its team of licensed professionals who are committed to helping clients find the best possible resolution to their tax issues.
Understanding Tax Relief
Tax relief refers to the reduction or elimination of the amount of tax owed by individuals or businesses. This can be achieved through various means such as tax deductions, tax credits, and tax exemptions. In essence, tax relief programs are designed to provide financial relief to taxpayers who are struggling to meet their tax obligations.
Tax relief works by allowing taxpayers to negotiate with the taxing authorities (like the IRS) to reduce the amount they owe, create an affordable payment plan, or even potentially eliminate the debt entirely. Not everyone qualifies for these relief programs, but for those who do, they can significantly ease the financial burden of taxes.
Larson Tax Relief: Who They Are
Larson Tax Relief was founded by brothers Jack and Ron Larson in 2005. The company, based in Westminster, Colorado, offers nationwide tax resolution services for both individual and business clients.
The services offered by Larson Tax Relief include help with IRS and state audits, payroll tax issues, tax liens and levies, and unfiled tax returns. They also provide assistance in negotiating offers in compromise, installment agreements, and penalty abatements with the IRS and state taxing authorities.
How Does Larson Tax Relief Work?
The process begins with a free, confidential consultation where one of Larson’s tax professionals will assess your tax situation and discuss your options. Once you decide to move forward, they will conduct a detailed investigation of your tax issues to develop a customized plan for resolution.
Larson Tax Relief handles a range of tax issues, including IRS audits, wage garnishments, tax liens, and back taxes. Their team of tax professionals, which includes Enrolled Agents and tax attorneys, work directly with the IRS and state taxing authorities on behalf of their clients to negotiate the best possible resolution.
Larson Tax Relief: Pricing and Fees
Larson Tax Relief operates on a flat-fee basis, which means you pay a one-time fee for their services, and there are no hourly charges or hidden fees. The exact cost will depend on the complexity of your tax situation, but typically, their fees range from $1,000 to $6,000.
Compared to other tax relief services, Larson’s pricing is competitive. Some companies charge a percentage of the tax debt, which can quickly add up for larger debts, while others have high upfront fees.
Customer Reviews and Feedback
Customer feedback and reviews for Larson Tax Relief are generally positive. Most clients appreciate the professionalism, knowledge, and customer service provided by the team.
However, like any other company, Larson has also received its share of negative feedback. Some clients have complained about the lack of communication and transparency. In response, the company has made efforts to address these issues and improve their services.
Is Larson Tax Relief a Scam or Legit?
Based on our research, Larson Tax Relief is a legitimate company. They are an accredited business with the Better Business Bureau (BBB) and have an A+ rating. Furthermore, they have been in business for over 15 years, which suggests stability and reliability.
We found no substantial evidence of scam allegations against Larson Tax Relief. Most complaints seem to be about service issues rather than allegations of fraud or scams.
Pros and Cons of Larson Tax Relief
There are several advantages to using Larson Tax Relief. They have a team of licensed professionals, offer a range of tax resolution services, and have a strong reputation in the industry. Their flat-fee pricing model also provides certainty about the cost of Larson Tax Relief’s services.
On the downside, some clients have reported issues with communication and transparency. It’s also worth noting that tax relief services can be expensive, and while Larson Tax Relief cost fees are competitive, they might still be too high for some taxpayers.
Conclusion: Should You Use Larson Tax Relief?
In conclusion, Larson Tax Relief appears to be a reliable and legitimate tax resolution company. They offer a range of services to help individuals and businesses deal with tax problems.
However, as with any service, it’s important to do your research and consider your specific situation before making a decision. If you’re struggling with tax issues and need professional help, Larson Tax Relief could be a good option. As always, make sure you understand the costs involved and what you’re getting for your money before signing up for any tax relief service.
What is Larson Tax Relief?
Answer: Larson Tax Relief is a tax resolution company based in Westminster, Colorado. They assist individuals and businesses with federal and state tax issues, providing services like tax resolution, tax preparation, and tax defense.
How does Larson Tax Relief work?
Answer: Once you contact Larson Tax Relief, they will assign a case manager to your file who will work with you to understand your financial situation and tax issues. They will then negotiate with the IRS or state tax authority on your behalf to reduce or eliminate your tax debts.
Is Larson Tax Relief a legitimate company?
Answer: Yes, Larson Tax Relief is a legitimate company. They are accredited by the Better Business Bureau (BBB) and maintain a high rating for their services.
Can Larson Tax Relief help with all types of tax issues?
Answer: Larson Tax Relief specializes in resolving many types of tax issues, including wage garnishments, tax liens, tax penalties, and audits. However, the company does not offer services for preparing current year tax returns.
Are there any guarantees with Larson Tax Relief?
Answer: While Larson Tax Relief cannot guarantee specific results due to the individual nature of each case, they do promise to work diligently on behalf of their clients to achieve the best possible outcome.
How much does Larson Tax Relief charge for their services?
Answer: The cost of services varies depending on the complexity of the tax issue. However, Larson Tax Relief offers a free consultation where they can provide a rough estimate of the potential costs.
What are the reviews of Larson Tax Relief?
Answer: Larson Tax Relief has received positive reviews from customers, praising their professionalism, knowledge, and dedication to resolving tax issues. However, as with any business, there are also negative reviews. It’s recommended to do your own research before deciding.
Can Larson Tax Relief remove tax liens?
Answer: Larson Tax Relief may be able to assist in removing tax liens depending on the specifics of your situation. They work to negotiate with tax authorities on your behalf to potentially reduce or eliminate tax debts.
How long does the process take with Larson Tax Relief?
Answer: The length of the process varies based on the complexity of your tax issues. Some cases can be resolved in a few months, while others may take longer.
Is Larson Tax Relief a scam?
Answer: No, Larson Tax Relief is not a scam. They are a legitimate company with a strong track record of helping individuals and businesses resolve their tax issues. However, as with any financial decision, it’s important to do your own research and make sure it’s the right fit for your needs.
Tax Relief: A government program or policy designed to reduce the tax burden on individuals or businesses, especially those in financial hardship.
Larson Tax Relief: A reputable company that offers tax resolution services to businesses and individuals dealing with IRS tax debt.
Review: A critical evaluation of a product, service, or organization.
Scam: A dishonest scheme or fraud.
Legit: A slang term for legitimate, meaning lawful, legal, or conforming to established rules and regulations.
Tax Debt: The amount of money owed to the IRS or state tax authority due to non-payment or underpayment of taxes.
IRS: The Internal Revenue Service, the US government agency responsible for the collection of taxes and enforcement of tax laws.
Tax Resolution: The process of finding a way to mitigate the amount of tax owed to the IRS.
Tax Lien: A claim by the government on a taxpayer’s property due to unpaid tax debt.
Tax Levy: A legal seizure of property to satisfy a tax debt.
Installment Agreement: A payment plan set up with the IRS to pay off tax debt over a period of time.
Offer in Compromise: An agreement between a taxpayer and the IRS to settle a tax debt for less than the full amount owed.
Innocent Spouse Relief: A provision by the IRS that allows a spouse to be relieved of responsibility for paying tax, interest, and penalties if their spouse or former spouse improperly reported items or omitted items on their tax return.
Penalty Abatement: A provision that allows taxpayers to get a refund of penalties imposed by the IRS under certain circumstances.
Tax Audit: A review of a taxpayer’s financial information to ensure information is reported correctly.
Tax Evasion: The illegal nonpayment or underpayment of tax.
Back Taxes: Taxes that have been partially or fully unpaid in the year that they were due.
Enrolled Agent: A tax professional authorized by the U.S. Department of the Treasury to represent taxpayers before the IRS.
Certified Tax Resolution Specialist: A professional who specializes in resolving tax issues and has been certified by the American Society of Tax Problem Solvers.
Power of Attorney: A legal document giving one person the authority to act for another person in specified or all legal or financial matters.
Bank Levies: Bank levies are legal actions that allow creditors to seize funds directly from a debtor’s bank account when the debtor has failed to pay a debt. This is typically used as a last resort after other attempts to collect the debt have failed.
Business Tax Relief Options: Business Tax Relief Options refer to various strategies, programs, or policies implemented by the government or tax authorities to reduce the tax burden on businesses. These may include tax deductions, credits, deferrals, exemptions, or even negotiation of tax debt. They are designed to provide financial help to businesses, stimulate economic growth, or encourage certain business activities.
Tax Relief Companies: Tax relief companies are firms that specialize in providing services to help individuals or businesses reduce or manage their tax debts, negotiate with tax authorities, and often provide legal representation in tax-related issues.