Tax relief is any IRS program or policy designed to help qualified taxpayers manage, reduce or settle their tax liability. Optima Tax Relief specializes in finding the best possible solution for your tax issues through a wide range of services.
Related: What is Tax Relief?
Optima Tax Relief’s industry-leading approach to tax relief brings clients unparalleled transparency, service, and results.
Related: Tax Consultation
Every case is different, and each comes with its own unique challenges. Although most tax relief cases are resolved anywhere from 2 to 12 months, we will be able to give you a better timeline once we determine the complexity of your case. The timeframe will vary based on the client’s level of cooperation and the response time from the relevant taxing authority. Rest assured; we will do all we can to get you the best possible result in the quickest time possible.
Each case is unique. It’s important to manage expectations and understand that we may not be able to save you any money at all. We have been very successful in resolving, reducing, and settling tax liabilities for those clients who qualify. In fact, we have resolved over $1 billion in tax liabilities for our clients. Once we evaluate your case, we will be able to determine what, if any, tax resolution options you qualify for.
During your free, no-obligation tax consultation, one of our knowledgeable tax associates will review your case and discuss the services we offer that can help solve your tax issues. Some of these services include:
Related: Get a free consultation
Receiving an IRS notice in the mail can be scary, but the situation can be less daunting if you know what to do. If you’re an Optima client, you should notify your case manager of any new notices you receive.
Related: Common IRS Notices & What They MeanDealing with the IRS
We offer a variety of tax resolution programs, from installment plans, to offers in compromise and much more. Each tax situation is unique.
Related: Tax resolution optionsIRS Installment PlansOffer in Compromise
An Offer in Compromise will not directly affect your credit score. However, liens may be filed with a submission for an Offer in Compromise.
Related: Offer in Compromise
Our team of tax attorneys, CPAs, and Enrolled Agents who are qualified to represent you before the IRS also specialize in understanding the tax law and how it applies to your current tax situation.
Related: Meet our tax professionals
Our team of tax preparation specialists are experienced in preparing tax returns for every filing status, for individuals and businesses.
Related: Tax Preparation at Optima
Every tax situation is unique and may require additional information and documentation but for the most basic tax return, we will need:
Related: Dependents & Your Taxes
A tax settlement is an arrangement made with the IRS and/or state taxing authority that allows the taxpayer to settle their tax liability for less than the amount owed, for those that qualify.
Related: Tax Settlement
A tax settlement may allow the taxpayer’s tax balance to be significantly reduced, allowing them to move forward with a new start.
Each case is unique, and taxpayers will need to qualify for a settlement. Hiring a tax professional ensures your options are fully explored so that if you do qualify, you have the highest chance of success. Generally, taxpayers undergoing significant financial hardship are more likely to receive a settlement.
There is no guaranteed method to having a settlement approved by the IRS but having a qualified tax professional represent you can help you achieve the best outcome in most cases.
Optima Tax Relief’s team of tax attorneys, CPAs, and Enrolled Agents have extensive knowledge and experience resolving a wide variety of tax issues and can help you navigate your tax relief options. Optima can help you with services like audit representation, addressing IRS wage garnishments and levies, removing tax liens, reducing penalties, setting up installment agreements, and determining whether you qualify for an offer in compromise. We interact with the IRS thousands of times daily on behalf of our clients, which allows us to have the most up-to-date expertise to help resolve your tax problems and provide the best possible outcome.
Related: Tax NegotiationOffer in Compromise
Tax audit representation is a service in which a tax professional represents a taxpayer during or even after an IRS or state tax audit. The tax professional will help organize and prepare documents, may attend meetings with the tax authority, and handle all correspondence on the taxpayer’s behalf.
Related: Audit Representation
There are many ways that the IRS can select a return for audit. Some factors include not reporting all income, being vague about expenses, reporting losses year after year, and claiming excessive deductions.
Related: What Triggers an IRS Audit?
If you are audited, the best thing you can do is tell the IRS what they want to know. Do not ignore the situation and decide if you want or need tax audit representation to handle everything for you.
Related: Audit Representation
Yes, there are correspondence audits, in which the IRS will send you a letter requesting documents or proof of a statement. Office audits request in-person meetings to clarify your tax information. A field audit is the most intrusive kind of audit and involves the IRS visiting you at home or work to examine your records. Generally, tax audit representation is a good idea for office and field audits.
Once you are on the IRS’s radar, there are no sure ways of getting out of an audit. Your best bet is to consider tax audit representation, especially if it is an office or field audit. Remember, just because you were selected for an audit doesn’t mean there will be an increase in tax.
After the IRS reviews your information, they will assess any taxes and penalties you owe. At this point, if you owe, it is a good idea to try and appeal the assessment to see if the IRS is willing to settle. Having an experienced tax professional working on your behalf for this process can give you a better chance of resolving the matter.
If paying your tax bill seems impossible, you should consider tax resolution options, such as an installment agreement with the IRS. You can also apply for a hardship resolution to try to settle your balance for less than what you owe. If you find yourself at this stage, you should consider consulting with a tax professional to see if you qualify and review all resolution options that may be available.
Learn how tax relief works and which strategies may apply to your situation.
Learn moreSee programs that can help resolve IRS and state tax debt.
Learn moreUnderstand how settling for less than you owe may work if you qualify.
Learn moreExplore payment plan options that can stop aggressive collection action.
Learn moreGet professional help organizing documents and dealing with the IRS.
Learn moreBrowse common IRS forms with plain-language explanations and links.
Learn moreOptima Tax Relief, LLC is a tax resolution firm independent from the IRS. This content is made available for informational and educational purposes only. Nothing included in the content should be taken as a guarantee, warranty, prediction, or representation about your specific situation. This content is not intended to be a substitute for professional advice and services. We encourage you to consult with a tax professional to discuss your specific tax matters. Individual results may vary. We do not provide tax, financial, bankruptcy, accounting, or legal advice and nothing contained in this content is intended nor shall be construed as such.
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