What is the cost of Optima tax relief?
Compare debt relief companies
| Name | Costs | Requirements |
|---|---|---|
| Optima Tax Relief | Starts at $495. | Must have at least $10,000 in tax debt. |
| SuperMoney tax debt relief | Varies by firm | Varies by company |
Does the IRS ever forgive tax debt?
It is rare for the IRS to ever fully forgive tax debt, but acceptance into a forgiveness plan helps you avoid the expensive, credit-wrecking penalties that go along with owing tax debt. Your debt may be fully forgiven if you can prove hardship that qualifies you for Currently Non Collectible status.
Is a tax relief company 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 qualify 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.
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.
How much will the IRS settle for?
The average amount of an IRS settlement in an offer in compromise is $6,629.
Does IRS debt go away after 7 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.
Is tax relief legitimate?
Yes. There are plenty of legitimate tax relief companies, but there are also many fraudulent organizations posing as tax relief companies.
Do tax relief companies really work?
Yes, it does work effectively. If you are really having issues with your tax and facing difficulties with the IRS, contact with a tax relief company right away to get solutions. This type of company helps people with tax bills and penalties with different legal actions.
Is precision tax good at tax relief?
Precision Tax Relief is a great company. They guided us through every step of the process to help us resolve our back taxes with the IRS. They stopped the collection and levy process the IRS had begun against us and negotiated a reasonable payment plane going forward. As an added bonus they were able to reduce the amount we owed the IRS.
Is there a free version of TurboTax?
TurboTax Free Edition is their free version. It’s $0 to prepare your Federal return. It’s $0 to prepare your state return. And it’s $0 to file both returns. There is, however, a minor catch.