Watch out for tax firm contracts
December 13, 2005
Hire a firm that has their representation work and fees clearly stated in writing. These “boiler room firms” have murky agreements that are written so they can increase charges based upon hard to understand criteria so you pay more or they will threaten to stop working on your case. It is an effective threat when a client has the IRS or State breathing down their neck. The goal of the “boiler room firms” is get you in the door and agree in writing to your tax liability amount, so later they can charge you more based upon on a higher tax liability. Most clients are confused about the amount of their tax liability. It is very common that their actual tax debt is higher, because they don’t understand penalties and interest or have only received a portion of the paper work from the tax authority.
July 28th, 2006 at 12:33 am
Just got off the phone with this firm, they took the time to calculate my numbers given my circumstances and gave me honest advice. OIC is not for me!! I appreciate and admire their sense of business ethics. This company is for real… Thank You again!