March 11, 2015

Tax Debt Relief Companies May Not Provide Relief

The state Department of Consumer Protection (DCP) is warning residents to avoid doing business with companies offering to settle tax debt or avoid tax liens. According to a recent DCP press release, the agency is investigating several debt relief companies for deceptive and fraudulent practices. There is concern about the (1) misleading nature of the companies’ ads and (2) companies’ failure to live up to their claims.

The DCP press release states that these companies hold no licenses in Connecticut. The agency suggests that people seeking debt relief work with state licensed and registered accountants or attorneys.