Why is National Tax Advisory Services Calling Me?

National Tax Advisory Services is likely calling you because they believe you may be eligible for tax relief programs. They specialize in assisting individuals and businesses who are struggling with tax debt, unfiled tax returns, or other IRS-related issues. The call might be triggered by publicly available information suggesting you’re facing financial hardship or that you haven’t fulfilled your tax obligations.

Understanding National Tax Advisory Services

National Tax Advisory Services, like many other tax resolution firms, operates on the premise of helping taxpayers navigate the often-complex world of the Internal Revenue Service (IRS). They typically advertise their services to individuals and businesses who owe back taxes, have received notices from the IRS, or are facing potential wage garnishments or liens. Their goal is to negotiate with the IRS on your behalf to reduce your tax burden, set up payment plans, or even explore options like Offer in Compromise (OIC) or Currently Not Collectible (CNC) status.

How Did They Get My Information?

A legitimate question! How did National Tax Advisory Services get your phone number? Here are a few common ways:

• Public Records: Information like your name, address, and business details are often available in public records.
• Marketing Databases: Tax resolution companies often purchase leads from marketing firms that gather information on individuals who meet certain criteria, such as having a history of late payments or facing financial difficulties.
• Online Forms: Did you fill out any forms online related to debt relief or tax assistance? Your information may have been shared with or sold to National Tax Advisory Services.
• Referrals: It’s possible that someone you know referred your name to them.

It’s crucial to understand that receiving a call from National Tax Advisory Services doesn’t automatically mean you owe money to the IRS. It simply indicates that they believe you could potentially benefit from their services.

What to Do If They Call You

First and foremost, remain calm. Do not provide any personal information during the initial call. Instead, follow these steps:

1. Ask Questions: Inquire about how they obtained your information, what specific issues they believe you’re facing, and which IRS programs they think you qualify for.
2. Verify Their Identity: Ask for their PTIN (Preparer Tax Identification Number). You can use this number to verify their legitimacy on the IRS website. Reputable firms should be transparent and willing to provide this.
3. Do Your Research: Before engaging their services, thoroughly research National Tax Advisory Services. Check their rating with the Better Business Bureau (BBB), read online reviews, and look for any complaints filed against them.
4. Consult With Other Professionals: Get a second opinion from a qualified tax attorney or Certified Public Accountant (CPA). They can assess your situation independently and advise you on the best course of action.
5. Be Wary of Guarantees: No tax resolution firm can guarantee a specific outcome with the IRS. Be extremely cautious of any company that promises unrealistic results or demands upfront fees without a clear understanding of your situation.
6. Document Everything: Keep detailed records of all communication with National Tax Advisory Services, including dates, times, names of representatives, and the substance of your conversations.

Potential Red Flags to Watch Out For

While many tax resolution companies are legitimate, some operate with unethical or even fraudulent practices. Be aware of these red flags:

• High-Pressure Sales Tactics: Companies that pressure you to sign up immediately or pay upfront fees without a thorough assessment are often suspect.
• Unrealistic Guarantees: As mentioned earlier, no one can guarantee a specific outcome with the IRS.
• Lack of Transparency: If a company is unwilling to provide its PTIN or explain its fees clearly, it’s a major red flag.
• Demanding Upfront Fees: While some fees are legitimate, excessive upfront fees are a common tactic used by fraudulent companies.
• Refusal to Provide Written Agreements: Always insist on a written agreement outlining the scope of services, fees, and payment terms.

Navigating the Tax Resolution Process

If you do choose to work with National Tax Advisory Services or any other tax resolution firm, understand that the process can be lengthy and complex. It typically involves:

• Initial Consultation: A thorough assessment of your tax situation.
• Power of Attorney: You’ll likely need to grant them Power of Attorney (Form 2848) to represent you before the IRS.
• Tax Return Preparation: If you have unfiled tax returns, they will need to be prepared.
• IRS Negotiation: The company will negotiate with the IRS on your behalf to explore options like payment plans, Offers in Compromise, or penalty abatement.
• Ongoing Communication: Regular communication with the IRS and with you to keep you informed of the progress.

Alternatives to National Tax Advisory Services

Before engaging any tax resolution firm, consider these alternatives:

• Contact the IRS Directly: You can often resolve tax issues directly with the IRS by calling their helpline or visiting a local IRS office.
• Hire a CPA or Tax Attorney: A qualified CPA or tax attorney can provide expert advice and representation.
• Use IRS Resources: The IRS website (IRS.gov) offers a wealth of information and resources for taxpayers.
• Low Income Taxpayer Clinics (LITCs): LITCs provide free or low-cost legal assistance to low-income individuals with tax disputes.

Frequently Asked Questions (FAQs)

Here are some frequently asked questions to help you better understand the situation:

1. Is National Tax Advisory Services a legitimate company?

You need to do your due diligence. Check their BBB rating, read online reviews, and look for any complaints filed against them. Also, verify their PTIN on the IRS website.

2. What is a PTIN, and why is it important?

A PTIN (Preparer Tax Identification Number) is a number assigned by the IRS to all paid tax preparers. Verifying a company’s PTIN helps ensure that they are registered with the IRS and authorized to prepare tax returns.

3. How much does National Tax Advisory Services charge?

Fees vary depending on the complexity of your case. Always get a written agreement outlining the scope of services, fees, and payment terms before engaging their services. Be wary of excessive upfront fees.

4. Can National Tax Advisory Services guarantee a specific outcome with the IRS?

No legitimate tax resolution firm can guarantee a specific outcome. Be extremely cautious of any company that promises unrealistic results.

5. What is an Offer in Compromise (OIC)?

An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS that allows the taxpayer to settle their tax debt for a lower amount than the full amount owed. It’s typically only granted in cases of severe financial hardship.

6. What is Currently Not Collectible (CNC) status?

Currently Not Collectible (CNC) status means that the IRS has determined that you are currently unable to pay your tax debt due to financial hardship. While in CNC status, the IRS will temporarily suspend collection efforts, but the debt will continue to accrue interest and penalties.

7. What is a Power of Attorney (Form 2848)?

A Power of Attorney (Form 2848) authorizes someone to represent you before the IRS. By granting Power of Attorney to National Tax Advisory Services, you are allowing them to communicate with the IRS on your behalf and access your tax information.

8. What should I do if I receive a notice from the IRS?

Read the notice carefully and respond promptly. If you don’t understand the notice, contact the IRS directly or consult with a qualified tax professional.

9. What are the penalties for failing to file or pay my taxes on time?

The penalties for failing to file or pay your taxes on time can be significant. They typically include a percentage of the unpaid tax, plus interest.

10. Can the IRS garnish my wages or seize my assets?

Yes, the IRS has the authority to garnish your wages, seize your bank accounts, and place liens on your property if you fail to pay your taxes.

11. What is a tax lien?

A tax lien is a legal claim by the IRS against your property. It arises when you fail to pay your taxes and the IRS assesses the tax liability.

12. What is a wage garnishment?

A wage garnishment is an order from the IRS that requires your employer to withhold a portion of your wages and send it to the IRS to pay your tax debt.

By understanding your rights and options, and by carefully evaluating National Tax Advisory Services or any other tax resolution firm, you can make informed decisions and navigate the complex world of tax resolution with confidence. Remember, seeking professional advice is always a wise investment when dealing with tax matters.