Quote:
Originally Posted by BallzDeep
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Lol you seriously have Dunning Kruger. Quit trying to act superior by using different terms with the same general meaning - "I don't do debt consolidation, I do Tax Resolution." Spoken like a true debt consolidator.
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Debt consolidation services is for poor people that have too much credit card debt they can't pay. You are dealing with people that may be considering going bankrupt and helping them pay back debt by negotiating the debt down. It is a miserable business and has absolutely nothing to do with taxes.
Tax resolution and debt consolidation both have to do with owing someone money but that is where the similarities end. People requiring tax resolution are very successful or they wouldn't be in a situation where they owe a lot in taxes in the first place.
When people make a lot of money, sell businesses, maybe have a capital intensive business they can mess up a lot of things when doing their taxes.
I do financial planning and we had a client seek out tax advice for their company. The CPA went back 3 years and ended up saving her $300k and she got that all back from the IRS. The client herself is worth about $10 million. The type of clients needing tax resolution vs debt consolidation are not comparable.