You hear the commercials on television and radio almost daily: We can reduce your tax debt to pennies on the dollar. The charlatans claim they can help get rid of your IRS debt and state income tax debt. Who they’re really helping is themselves…. to your wallet.
Probably the most well-known tax debt reduction professional was Roni Deutch, known as “The Tax Lady.” Her firm purported to provide help to clients with Offer in Compromise needs, IRS installment agreements and Currently Not Collectible tax accounts. Unfortunately, it appears Roni took a lot of money from people and provided them little or no help in return.