Learn why they’re our #1 recommended tax relief company. Optima Tax Relief’s primary focus is tax debt relief, they are one of the best tax relief companies and if you have found yourself in a situation of owing money to the IRS then they are going to be one of the best options for helping you through the process.
Is Optima Tax legitimate?
Optima Tax Relief is one of the most well-known names in tax relief. Founded in 2011, the company has been on the Inc. … Optima provides a variety of services that address tax problems, such as audit representation, lien and levy releases and wage garnishment release.
Does Optima Tax Relief hurt your credit?
If you’re worried about the tax bill you owe the federal government hurting your credit scores, don’t be. Tax liens are no longer included on your credit reports. This means they will not have an influence upon your ® Score or VantageScore®.
Does Optima tax work for the IRS?
A reputable tax relief company like Optima Tax Relief can help you reach a tax relief agreement with the IRS. Using proven strategies, our knowledgeable experts can assist you through tax audits, help reduce your tax debt, and stop wage garnishments and bank levies from happening.
Do tax reduction companies really work?
Yes, there are legitimate tax relief companies that can help you reduce your tax debt or get on an affordable payment plan. However, there are many scam companies as well. Do some research before choosing a tax debt relief company to represent you.
Does IRS forgive tax debt after 10 years?
Put simply, the statute of limitations on federal tax debt is 10 years from the date of tax assessment. This means the IRS should forgive tax debt after 10 years. … Once you receive a Notice of Deficiency (a bill for your outstanding balance with the IRS), and fail to act on it, the IRS will begin its collection process.
Is there a one time tax forgiveness?
Yes, the IRS does offers one time forgiveness, also known as an offer in compromise, the IRS’s debt relief program.
Can the IRS take all the money in your bank account?
An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.
How many years can you go without filing taxes?
The IRS requires you to go back and file your last six years of tax returns to get in their good graces. Usually, the IRS requires you to file taxes for up to the past six years of delinquency, though they encourage taxpayers to file all missing tax returns if possible.
How do I settle myself with the IRS?
You have two options to file an Offer in Compromise. You can work with a tax debt resolution service or you can try to file on your own. If you want to settle tax debt yourself, simply download the IRS Form 656 Booklet. In includes Form 656 and Form 433-A form that you need to fill out for your financial disclosure.
What is the best tax relief company?
The 6 Best Tax Relief Companies of 2021
- Best Overall: Tax Defense Network.
- Runner-Up, Best Overall: Community Tax.
- Best User Experience: Optima Tax Relief.
- Best Quick Relief: Anthem Tax Services.
- Best Value: Stop IRS Debt.
- Best for Self-Employed: Larson Tax Relief.
Is the Fresh Start program real?
If so, the IRS Fresh Start program for individual taxpayers and small businesses can help. The IRS began Fresh Start in 2011 to help struggling taxpayers. Now, to help a greater number of taxpayers, the IRS has expanded the program by adopting more flexible Offer-in-Compromise terms.