Former IRS Agent Tells Tax Debt Relief Services May be Dangerous to Consumers

photo © 2007 paul stumpr | more info (via: Wylio)Jim Buttonow, a CPA and former IRS Agent has released information about why the very premise of selling tax relief services for an advance fee is something consumers should be protected from. Below you will find submitted comments to the Federal Trade Commission regarding the selling … Read more

Day of Reckoning is Coming for Tax Relief

Halloween is coming four days early for the tax debt relief industry-and the result will not be a treat for firms who make false promises to distressed taxpayers, according to independent Web site easyIRS.com. On Oct. 27, debt resolution companies covered under new Federal Trade Commission (FTC) legislation won’t be allowed to collect advance fees-a … Read more

It’s Official, Tax Relief Providers Not Happy Campers. It’s Their Turn, Turn, Turn.

I don’t quite know where the tax relief industry was during the whole process to regulate the debt settlement industry. A process that took a couple of years by the way. But all of a sudden, with new regulations that will apply to the tax relief industry going into effect on October 27, 2010, the … Read more

Tax Debt Relief Industry Scrambles to Find Loophole in TSR Law

In response to the Federal Trade Commission (FTC) actions, a coalition of tax debt relief industry leaders is planning to argue that tax debt is secure—so the law wouldn’t apply to them, according to e-mail evidence obtained by independent Web site easyIRS.com. Greensboro, NC (Vocus) October 12, 2010 The survival of many tax debt relief … Read more