Tax Resolution

A core benefit of tax resolution services is professional representation:

• Audit Representation: If selected for audit, qualified representatives (e.g., enrolled agents or CPAs) handle communications, prepare documentation, and attend meetings with the IRS or state auditors on your behalf.
• Offer in Compromise (OIC): For taxpayers unable to pay the full tax bill without undue hardship, an OIC can settle tax liabilities for less than the total owed.
• Installment Agreements: If full payment is not feasible upfront but manageable over time, tax resolution specialists request or renegotiate installment plans (long-term payment agreements).
• Currently Not Collectible (CNC) Status: When you genuinely cannot pay any portion of your tax liability without jeopardizing basic living expenses, professionals prepare and submit the Collection Information Statement to request CNC status, pausing collection activity until your financial condition improves.
  
• Penalty Abatement and Other Relief: Experts compile evidence of “reasonable cause” (e.g., illness, natural disaster, erroneous professional advice) to request penalty reduction or removal, significantly lowering the overall liability.

Dealing directly with tax authorities can be stressful and time-consuming, especially when notices escalate to levies, wage garnishments, or liens. Our tax resolution services alleviate this burden:

• Expert Guidance on Communication: Our Tax Professionals help decipher IRS notices, verify legitimate contacts (mitigating risks of scams), and advise on proper, timely responses to avoid accelerating collection actions.
• Streamlined Documentation Preparation: Gathering financial records, preparing forms (e.g., Form 433-A/B, Form 656, Form 9465), and organizing supporting evidence demands precision; our tax resolution professionals ensure completeness and accuracy to prevent delays or outright denials.
  
• Coordinated Strategy: If multiple relief options exist (e.g., CNC vs. installment agreement vs. OIC), our team prioritizes the path most aligned with your immediate and long-term financial interests. They continuously reassess if circumstances change (e.g., income improvement), modifying the approach as needed.

Resolving past tax issues is only part of the service: our effective tax resolution firm also focuses on preventing future problems:

• Filing Delinquent Returns: Unfiled returns often block access to relief programs. Our tax resolution specialists reconstruct tax histories, file past-due returns, and address any penalties or interest arising, paving the way for additional resolution steps.
• Ongoing Monitoring and Support: Optima offers post-resolution support, monitoring IRS communications for potential follow-up issues and advising on handling new notices promptly.

Consider engaging experts if you experience any of the following:

• Receipt of multiple or escalating IRS notices (e.g., demand letters, intent to levy).
• Unfiled tax returns spanning multiple years.
• Threat or execution of levies on bank accounts, wage garnishments, or filed tax liens.
• Complex tax scenarios (e.g., self-employment, business payroll tax issues) where specialized knowledge is crucial.
• Financial hardship making full payment unrealistic, prompting exploration of CNC status or Offers in Compromise.
• Desire to avoid direct confrontation with tax authorities and reduce anxiety around IRS interactions.

With Optima Tax Relief, you gain access to credentialed professionals (e.g., enrolled agents, CPAs) who understand IRS protocols, maintain up-to-date knowledge of tax law changes, and have established relationships that can expedite communication and negotiation. This proactive, expert-driven approach often leads to faster, more favorable outcomes and minimizes the risk of costly mistakes or overlook critical relief opportunities.