How do companies like Optima Tax Relief work?
Optima provides a variety of services that address tax problems, such as audit representation, lien and levy releases and wage garnishment release. … Typically, tax relief companies charge much more for resolution work — that is, they charge you a second fee to do the work that resolves the tax issue.
How long does it take Optima Tax Relief to work?
Depending on the complexity of your case, the Optima Tax Relief process could take from two to 10 months. However, most cases resolve within six months.
Is Optima tax relief part of IRS?
Optima Tax is a tax resolution firm independent from the IRS.
Does Optima Tax Relief offer payment plans?
Optima Tax Relief is a company that helps people with tax debt deal with the IRS and set up a payment plan or settle their debt for less than they owe. The company works with taxpayers with at least $10,000 in tax debt and offers a free initial consultation.
What is the Fresh Start program?
The Fresh Start Program is a comprehensive 2-year support, education and coaching program delivered before and after your surgery. … Fresh Start is a comprehensive 2-year program delivered to OClinic patients after their bariatric surgery.
Can I negotiate a payoff with the IRS?
If you can’t pay the taxes you owe the government, you have only two options: negotiate a payment plan or ask the IRS to allow you to pay a reduced amount through an offer in compromise (OIC). … They don’t like extended payment plans because people default on them.”
Are tax relief programs worth it?
Generally speaking, tax debts under $10,000 aren’t worth paying a tax relief company to settle; you can usually settle them yourself without much issue. However, some people still may wish to have some professional assistance if they’re struggling to resolve a small tax debt.
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.
Why did I get a deposit from the IRS?
Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. They payment was not a fourth stimulus check, but rather a refund for taxpayers who overpaid taxes on unemployment compensation in 2020.
What Is a IRS Treas 310 tax ref?
An Economic Impact Payment (known as EIP or stimulus payment) – this will show as “IRS TREAS 310” and have a code of “TAXEIP3”. An advance payment of the Child Tax Credit – this will show as being from the IRS and will show as “IRS TREAS 310” with a description of “CHILDCTC”.
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.