How Much Does Optima Tax Relief Cost? The cost range for the tax relief portion of Optima’s services is going to run between $2,000 and $5,000 depending on your specific needs. The initial fee for the investigation phase will be $495.00. You’ll have to pay this in full before Optima will take your case.
- Optima Tax Relief Costs. Optima Tax Relief does not include pricing information on their website for their tax relief services. However, an internet search revealed the initial fee after the free consultation is $495, and the average total price paid was around $4,000.
How much does Optima tax relief cost?
Generally, costs can average between $2,000 and $5,000 to have Optima sort out your tax situation from start to finish.
How much does it cost to use a tax relief company?
The majority of tax settlement companies charge their clients an initial fee that can easily run anywhere between $3,000 to $6,000, depending on the size of the tax bill and proposed settlement. In most cases, this fee is completely nonrefundable.
How much does IRS tax relief cost?
On average, you can expect to pay around $4,000. Costs range between $1,000 (on the extremely low end) and over $10,000 for tax relief help.
How long does Optima tax relief take?
How long does it take? Optima says that most of its clients can complete the process in 4 to 10 months. Consultation and investigation typically take 2 to 4 weeks, and following the resolution plan usually takes 3 to 9 months.
How do I get my IRS debt forgiven?
Apply With the New Form 656 An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
What is the new IRS Fresh Start Program?
The IRS Fresh Start Program is an umbrella term for the debt relief options offered by the IRS. The program is designed to make it easier for taxpayers to get out from under tax debt and penalties legally. Some options may reduce or freeze the debt you’re carrying.
Does IRS forgive debt after 10 years?
In general, the Internal Revenue Service (IRS) has 10 years to collect unpaid tax debt. After that, the debt is wiped clean from its books and the IRS writes it off. This is called the 10 Year Statute of Limitations. Therefore, many taxpayers with unpaid tax bills are unaware this statute of limitations exists.
Does IRS forgive tax debt?
The IRS rarely forgives tax debts. Form 656 is the application for an “offer in compromise” to settle your tax liability for less than what you owe. Such deals are only given to people experiencing true financial hardship. “If you have assets and are making significant income, you won’t get tax relief.”
Can I settle my tax debt for less?
Yes, it is possible to settle tax debt for less than you owe with the IRS. You use a solution known as an Offer in Compromise or OIC. The IRS must have a reasonable expectation that they cannot collect the full amount owed.
Can I negotiate with the IRS myself?
The short answer is yes, you can negotiate with the IRS. You can work with the IRS directly and successfully to complete a tax settlement, but taking advantage of a free consultation from a qualified professional before you start is a good way to get a favorable settlement that you can live with.
How do I pay past due taxes?
If you owe taxes, the IRS offers several options where you can pay immediately or arrange to pay in installments:
- Electronic Funds Withdrawal. Pay using your bank account when you e-file your return.
- Direct Pay.
- Credit or debit cards.
- Pay with cash.
- Installment agreement.
Who qualifies for Optima tax relief?
You must have been unemployed for a minimum of 30 consecutive days during 2011 or before April 15 2012. Married couples filing jointly need to have only one spouse that meets the qualifications. Individuals who are self-employed need to be able to show at least a 25 percent drop in their net income.
Can I get my money back from Optima tax relief?
Money-Back Guarantee: One of the biggest benefits of working with Optima Tax Relief is the firm’s money-back guarantee. If you decide that you aren’t satisfied with the firm within the first 15 days of contacting them for help, you can get back the money you paid toward the investigation phase of your case.
How do you pay Optima tax relief?
Here are a few ways you can make payment to the IRS: Pay in full from checking or savings accounts. Taxpayers have the ability to pay their tax bills in full by directly using their checking or savings account and paying online on the IRS website.