Separating Fact From Fiction

Mental health experts warn that financial stress can be debilitating, and for those struggling with IRS tax debt, the weight can feel crushing. The marketing campaigns of companies promising quick fixes can be enticing, with polished ads and convincing assurances that seem like a ---line to desperate taxpayers. But, as former IRS agents and experts Michael Sullivan and Peter Salinger point out, the reality is often far more complicated.

People are led to believe that settling IRS tax debt is easy, but the truth is that only a small percentage of settlements are accepted - a mere 21% in the last reported data, which is significantly lower than the historical average of 30-40%. This downward trend is alarming, yet marketing efforts continue to claim that anyone can settle for pennies on the dollar.

Many taxpayers find themselves in deep financial trouble due to a lack of knowledge or understanding of their tax obligations. For instance, someone who has been a wage earner for years with taxes automatically withheld may become self-employed and fail to realize they need to make estimated payments. Before they know it, they're tens of thousands of dollars behind, without a clear understanding of how it happened or how to fix it.

The tactics used by companies marketing IRS debt relief are often misleading from the start.

Source: Found here

Background Document: Michael Sullivan and Peter Salinger Michael Sullivan and Peter Salinger are renowned experts in the field of IRS tax debt relief, leveraging their extensive experience as former IRS agents to guide taxpayers through the complex process of settling their tax liabilities. As co-founders of MD Sullivan Tax Group, they have established themselves as trusted authorities, dedicated to providing accurate and reliable information to individuals and businesses struggling with tax debt.

With a deep understanding of the IRS system, Sullivan and Salinger have authored the insightful book "Exposing The Secrets For IRS Settlements," which offers a candid look at the realities of tax debt relief. Their expertise has been shaped by years of experience working with the IRS, allowing them to identify common pitfalls and misconceptions that taxpayers often encounter.

One of the key issues that Sullivan and Salinger address is the prevalence of false and deceptive marketing by companies promising quick fixes for IRS tax debt. They emphasize that settling tax debt is not as easy as advertised, with acceptance rates for settlements hovering at a mere 21% - significantly lower than the historical average of 30-40%. This downward trend is a cause for concern, and Sullivan and Salinger are committed to educating taxpayers about the realities of the process.

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IRS tax debt can feel like a crushing weight, and in that moment of vulnerability, struggling taxpayers are often drawn to companies promising quick fixes. The marketing is polished, the assurances sound convincing, and the desperation to believe them is real. But as Michael Sullivan and Peter Salinger, authors of Exposing The Secrets For IRS Settlements , co-founders of MD Sullivan Tax Group , and both former IRS agents and true experts, point out, the reality is rarely as simple as advertised.

"Due to false and deceptive marketing, people are often led to believe that settling their IRS tax debt is easy," says Sullivan. "The truth is, only a small percentage of settlements are ever accepted. The last data reported, acceptance rates were among the lowest we have ever seen at only 21%, far below the historical average of 30-40%. The downward trend is alarming.

Yet marketing continues to tell taxpayers that anyone can settle for pennies on the dollar."