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Report: #1176629

Complaint Review: 20/20 Tax Resolution - Broomfield Colorado

  • Submitted:
  • Updated:
  • Reported By: Nancy Sneed — Spring Hill Tennessee
  • 20/20 Tax Resolution 11800 Ridge Parkway, Suite #400 Broomfield, Colorado USA

20/20 Tax Resolution 20/20 Financial Consulting 2020 Tax Resolution 20/20 TaxResolution SCAMMED ME! Broomfield Colorado

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20/20 Tax Resolution preyed on me using numerous out of town cold calling scare tactics.  They convinced me that I owed the IRS $107,000, although I had not received any notices from the IRS! It's stated in their Agreement with me, "Client owes the Internal Revenue Service approximately $107,000 (hereafter, the "Taxing Authority" and the "Liability")." They told me I needed to pay them $4,250 up front (and possibly more payment later on).  I was behind on 3 years' tax returns due to having MS and going through a bad divorce. I felt even more vulnerable when they told me how much I owed the IRS.  So I paid them the $4,250. I had tried to call them many times afterward to find out that my Associate was not there or he would not return my phone calls.

So, I finally went ahead and got my late tax returns prepared to find out that I only owed about $14,000 in taxes for those years! I know I was knowingly misled by 2020. If they had done a professional job, they would have initially asked a few questions. They would have found out that in 2007 I had sold a house that would have shown no capital gains once that tax return was filed. I also had a very small business that had little profit after deducting all of my business expenses. Also, I had exemptions, itemized deductions and Earned Income Credit due to being within the poverty income threshold those years. 2020, evidently, uses Gross assessments (used until the missing tax returns are filed) in their quotes to entice the average person who doesn't know better.

Why would I have given them $4,250 to help lower the small penalties that I incurred due to the  tax liability being only $14,000 rather than $107,000 THEY QUOTED ME. I am a first-time tax offender and have medical issues. They did not even ask about any medical issues that I may have had anyway, which is one of the few reasons I will get some penalties abated anyway. IRS very rarely lowers the actual tax liability and it's easy to ask for a penalty abatement yourself.  Again, I HAVE RECEIVED NO LETTERS FROM THE IRS.

Do not send any money upfront and do your online research on tax resolution companies!

This report was posted on Ripoff Report on 09/13/2014 07:52 PM and is a permanent record located here: https://www.ripoffreport.com/reports/2020-tax-resolution/broomfield-colorado-80021/2020-tax-resolution-2020-financial-consulting-2020-tax-resolution-2020-taxresolution-1176629. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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