CuraDebt Tax Debt Relief
CuraDebt has been in the tax debt relief business since 2000, helping taxpayers who are in relatively deep with the IRS, owing $10,000 or more. The team that founded the company has promoted a range of financial solutions since 1996 in Irvine, California, founding CuraDebt in at the turn of the century to take their services nationwide. They are experts in debt negotiation, debt settlement, and debt arbitration for individuals and small business.
Initial Free Consultation
Taxpayers worried about their back tax debt can call CuraDebt for a free consultation over the phone to explore what the company can offer them in terms of tax debt relief strategies. CuraDebt uses the call to estimate how much they can save you on your tax debt. One of their experienced tax counselors guides you through a process, asking you about the particulars of your financial situation and tax debt.
The consultation is confidential, and the information you provide helps determine solutions to your tax debt problem. Pending the proposal from CuraDebt with ideas on how to progress, you can weigh whether it's worth the investment to hire them to help you solve your tax debt situation.
The fees charged by CuraDebt average about 20% of the total debt owned. This fee is calculated as part of your monthly payment. No up-front fees are charged to enroll with CuraDebt. Rates are assessed on a per case basis. Taxpayers who do not qualify to become CuraDebt clients are provided with a referral to another tax debt relief service provider.
The rates charged at CuraDebt are in line with industry pricing, for tax debt relief companies with Tax Attorneys, CPAs and Enrolled agents on staff.
The CuraDebt Process
Once you sign on with CuraDebt, your financial counselor and the team of tax relief experts leaves no stone unturned building a case in support of your tax resolution strategy. Throughout the process of reviewing documents and collecting evidence, the team is available, keeping you informed.
Curadebt communicates with the IRS, compiling the details of what the agency requires form you with regard to all current and past tax years. As they work with the IRS on your behalf, you may be required to answer questions and provide additional documentation. As a result of the thorough investigation, CuraDebt presents you with a tax relief solution strategy.
During this process, CuraDebt also works with the IRS to prevent new tax liens and levies from being filed against you.
Upon your approval of the tax relief plan, you confer a Power of Attorney, only for the purpose of tax debt relief, to CuraDebt. Then, the CuraDebt team gets down to brass tacks, enacting the options that are best for your particular case.
Some possible solutions include pursuing the following with the IRS:
Negotiating on your behalf over IRS liens or levies against you, in order to discharge or release the lien.
Installment agreements are set up for taxpayers who owe a large amount they are unable to pay off in a lump sum. The taxpayer pays what they can afford on a monthly basis, including interest to the IRS, until the debt is paid off.
The Offer in Compromise is an agreement between the taxpayer and the IRS effectively reducing the tax liability. The IRS accepts less than full payment under special circumstances. This entails an exhaustive look at your income, assets and liabilities by the government, and is not granted easily.
Penalty abatements can be requested by first-time non-compliant taxpayers for a single tax period. This penalty reduction is tied to an installment agreement.
The Currently Not Collectable status temporarily stops back tax payments for those under financial hardship, but only until they get back on their feet and are able to resume payments.
Of course, taxpayers may phone the IRS and set up their own installment agreements.
If you owe more than you can pay and are subject to aggressive collection procedures, it's worth exploring what companies like CuraDebt can offer in terms of negotiating a payment you can afford, and an end to drastic collection measures and legal action.
Pros and Cons
CuraDebt enjoys a good reputation, with positive reviews from satisfied customers peppered about the internet.
The Tax Debt Relief page of the CuraDebt website is particularly good, outlining their overall approach to solving your tax problems, and detailing specific solution options and negotiating strategies. Otherwise the website is a bit generalist and does not offer information in great detail.
In addition to tax debt relief services, CuraDebt offers a full range of financial solutions, helping you get your financial house in order. Proper tax planning and debt management are among the services that can keep you out of trouble with the tax authorities before it starts.
CuraDebt could offer more transparency when it comes to who they are partnered with to provide tax relief solutions on cases they do not take, presumably those with less than good credit or less than $10,000 in tax debt.
At the online tool to get a free debt analysis, a disclaimer appears under the button, as follows: "I acknowledge that by clicking 'Free Debt Analysis' I consent to receive prerecorded and/or robo-dialed telemarketing calls and by doing so I waive any registration on the DO NOT CALL list. I understand my consent is not an obligation of purchase."
CuraDebt offers an informative blog, but it is not regularly updated. Some competing companies in the tax debt relief industry have more educational tools and resources at their websites.
In the fine print at the CuraDebt site, it is stated that their services are not available to the residents of CO, CT, GA, IL, KS, ND, NH, SC, VT, WA, WI and WV.
You can contact CuraDebt via email and telephone. There is no online chat option at the site. There is an FAQ page with helpful information on rates. Some customer reviews mention CuraDebt's money back guarantee. There is a brief mention of a refund policy at their website, but no details. Be sure to ask about their refund policy during your consult, in case you are not satisfied with the service.
Verdict - Average
CuraDebt gets an A+ rating from the BBB and has years of experience in the trenches of tax debt settlement. The staff includes tax attorneys who negotiate for you, and CPAs who know the tax code inside out. The company is affiliated with several tax and accounting associations, lending them a legitimacy that is reassuring.
For taxpayers with a tax liability of $10,000 or more, CuraDebt is well worth a close look. Their expertise extends to state as well as the federal tax code. They have helped many taxpayers like you get through the process of paying down their back taxes.