Dealing with back taxes, outstanding tax returns or other IRS problems is incredibly stressful. Fortunately, there are tax relief companies that can help you manage your debt and deal with the IRS. Our partners at We researched the best tax relief companies in Colorado Springs so you can choose the right one to get your finances back in order.
Tax debt in Colorado Springs is often caused by back taxes that were not fully paid when they were due and have rolled over to another tax year. If left unpaid, this debt compiles interest and penalties to the point that it can seem insurmountable.
The IRS has a number of tax relief programs to either reorganize or reduce the amount of money that people owe on their back taxes. However, these programs can be difficult to utilize; that’s why many people in Colorado Springs with tax debt turn to tax relief companies to help them get the best results possible.
While many tax relief programs help taxpayers manage their debt or appeal penalties, the IRS also has a program for when all else fails — the offer in compromise. If you are eligible, this settlement allows you to pay off your debt for less than you owe. However, the IRS usually reserves offers in compromise for cases where they don’t ever expect to be paid in full. Consult with a tax relief company in Colorado Springs to determine your eligibility.
It’s worth noting that most tax relief companies in Colorado Springs don’t help individuals who owe less than a certain amount of tax debt, usually at least $10,000.
How much does tax relief cost?
Tax relief costs in Colorado Springs vary significantly depending on the complexity of your situation, the specific services required and the amount of back taxes you owe. That being said, most people pay $2,000 - $7,000 for professional tax relief in Colorado Springs.
Some companies have a payment structure where the customer pays a fee upfront and then makes monthly payments until the work is done. Other companies only charge a flat fee. Be sure to include both your tax relief costs and the remainder of your tax debt in your budget.
How long does tax relief take
The duration of tax relief in Colorado Springs varies depending on the amount of back taxes due and your eligibility for certain IRS tax relief programs, but expect tax resolution to take several months.
If you end up qualifying for a payment plan, it could take months or years to pay off your debt even after the tax relief company’s job is done.
Some tax relief companies promise that their services only take a certain amount of time, but there is no way to guarantee that in good faith since it is dependent on the IRS. Be wary of companies in Colorado Springs who promise tax relief by a certain date.
Tax relief scams
Look for indications that your tax relief company in Colorado Springs is legitimate, such as membership in professional organizations and optional certifications. According to the Federal Trade Commission, a legitimate tax relief company should employ at least one of the following:
Enrolled agents that are authorized by the government to represent taxpayers to the IRS
Certified Public Accountants that are qualified to examine taxpayers’ financial documents
Tax attorneys that utilize their knowledge of tax laws in the interest of the taxpayer
Additionally, the FTC lists several signs of tax relief scams, including:
Requiring you to pay upfront for tax debt relief
Making broad claims that the company can...
Erase your tax debt
Stop back-tax collection
Carefully examine the qualifications of any tax relief companies in Colorado Springs you are considering, and approach any claims that seem too good to be true with a skeptical eye.
If you’re interested in pursuing tax resolution services, keep reading to find and compare the best tax relief companies in Colorado Springs.
Anthem Tax Services offers an array of tax relief packages designed to help you with more than just taxes. It takes a holistic approach to tax relief by offering bookkeeping and audit protection as well. Reviewers mention that the company’s representatives are caring, compassionate and willing to listen to your issues.
Community Tax is a full-service tax relief company that assesses your situation, examines your options and negotiates with the IRS on your behalf. Its tax practitioners are all qualified to assist you. Reviewers report that the company has great customer service and is able to negotiate favorable agreements with the IRS.
Larson prides itself on its individualized approach to tax relief. This company recognizes that everyone has their own idea of what tax relief means, and it is committed to helping its clients achieve financial stability. However, its minimum tax debt is $20,000, which is higher than most. Reviewers appreciate Larson Tax Relief’s personalized approach, compassionate agents and professionalism.
This company only employs attorneys with over five years of experience so that you can feel confident your tax relief plan is being carried out by an expert. Victory provides many services, including installment agreements, tax liens and tax levies, plus they offer free consultations. Customers report that the staff at Victory Tax Lawyers is reassuring, encouraging and patient enough to explain any details of your tax plan.
The attorneys at Fortress Financial work exclusively on tax resolution every day, something they claim is unique in the industry. These focused attorneys are able to spend more time studying your case and adapting their plan for your tax debt. This level of care is apparent to customers, who report that Fortress Financial went the extra mile to provide peace of mind while handling back tax issues, tax resolutions and installment agreements.
Instant Tax Solutions works to get its clients offers in compromise, installment agreements and penalty abatement with a rapid turnaround time. Reviewers report that the staff at Instant Tax Solutions has impressive tax knowledge and is honest and upfront about its abilities and plans for providing individualized tax relief.
Attorney's Tax Relief
Attorneys Tax Relief takes an aggressive approach to dealing with the IRS and handling large amounts of back taxes. It has the highest OIC acceptance rate in the country, and it offers a multitude of services related to tax relief, including criminal tax defense and tax fraud recovery services. Customers leave overwhelmingly positive reviews for Attorneys Tax Relief, reporting that the company is sincere, provides clear plans and communicates well.
The Tax Resolvers is a BBB-accredited tax relief company that works with tax attorneys, arbitrators and accounting experts to manage your IRS debt. This company also offers tax consulting, tax preparation and tax settlement. Online reviews are positive, and customers appreciate the help they received through The Tax Resolvers.