If you forget to pay your taxes or make a mistake on one of your forms, the Internal Revenue Service may request additional money. This request puts you into tax debt, and it’s important to pay it off as quickly as possible. Not everyone has the financial means to make the problem go away, but Optima Tax Relief can negotiate with the IRS on your behalf. The company has helped clients resolve their tax debt through repayments or resolutions.
What is Optima Tax Relief?
Optima Tax Relief is a debt settlement company that helps people with their taxes. The company can resolve tax debt but also act as an all-in-one resource for your taxes. The company offers several services, such as tax consultations, tax prep, and protection plans. You can save money on your taxes by receiving advice from professional tax experts.
How Optima Tax Relief’s Process Works
Optima Tax Relief follows a simple framework for each of its clients. Here’s what you can expect if you work with a tax relief company.
Consultation
The process begins when you hop on a consultation call with one of Optima Tax Relief’s specialists. While this call can provide clarity and help you take the next steps, it’s not the only call you can get. Optima Tax Relief has several professionals on its team, each with its own specialties. It’s possible to jump on the phone multiple times to assess all of your options.
Investigation
After the initial consult, Optima Tax Relief will conduct an investigation. During the investigation, the company requests a copy of your tax file and reviews it before
Resolution
Optima Tax Relief will reach out to the IRS and work on a resolution. The entire process can take anywhere from 2-12 months. The timeframe depends on the client and the taxing authority. Responding quicker to the company’s questions and requests can speed up the process.
Freedom
After a resolution, you will have your debt removed or a new payment plan in place. Either scenario gives you more flexibility and can make your finances less stressful. Optima Tax Relief has resolved over $1 billion in tax debt for its clients.
What Services Does Optima Tax Relief Offer?
Optima Tax Relief offers several services that help people manage their taxes more effectively. Here is a list of services you will find.
Tax Consultation
A specialist will get on the phone with you and discuss your options. These calls are the starting point for many of Optima’s tax services. You can jump on one call or several, depending on your needs.
Tax Preparation
You don’t have to prepare taxes on your own. The team at Optima Tax Relief can handle every step of the process. A professional tax preparer can review your forms, look for mistakes, and determine which tax deductions and credits apply to you. This service can save you money in the long run and help you avoid mistakes in your tax filings.
Tax Relief
Tax relief can address outstanding tax bills. Optima Tax Relief can work on your behalf and negotiate a payment plan, hardship agreement, or compromise. Consumers who do not address outstanding tax debt or seek tax relief can see their wages garnished and receive bank levies. The unpaid debt will rack up penalties and interest, which makes it more difficult to get out of tax debt. A quick fix can make your taxes more manageable.
Tax Resolution
Optima Tax Relief offers several tax resolution services that make taxes more manageable and give you more options. They offer resolution services for tax liens, wage garnishment, state tax issues, and other areas. The company represents its clients and negotiates with the IRS to reach a resolution.
Tax Settlement
Tax settlements help people avoid liens and garnishments while creating a more reasonable tax payment plan. You can also reach a settlement for less than the amount you owe in taxes. A specialist from Optima Tax Relief can walk you through the process.
Protection Plan
Optima Tax Relief offers protection plans for year-round services. The company offers monthly tax risk reports, individual audit defenses, notice evaluations, balance monitoring, and other benefits. The company has three plans: basic, standard, and professional. Optima Tax Relief recommends the basic plan for people with simple tax filings. The Standard Plan is the most popular and is optimal for people with W-2 forms and other common tax filings. The Professional Plan is optimal for self-employed workers.
What are the Pros and Cons of Optima Tax Relief?
Wondering if Optima Tax Relief is for you? These are the pros and cons to consider before getting started.
Pros
- Optima Tax Relief offers many taxing services, making it a viable all-in-one solution
- The company has resolved over $1 billion in tax debt and knows how the process works
- Get help from tax professionals who can review your returns and help you capitalize on tax credits and deductions
Cons
- Limited tax debt relief in some states
- High fees for resolution
How Does Optima Tax Relief Compare?
Optima Tax Relief has competitive prices and many tax professionals who can answer your questions. The company has resolved over $1 billion in tax debt for clients. That amount of resolved tax debt is higher than other competitors and helps Optima Tax Relief stand out. The company offers a free initial consultation which is standard for the industry. You will receive a dedicated case manager for your tax resolution, something that you won’t get from every tax relief company.
Who Optima Tax Relief Is Best For
Optima Tax Relief is a good resource for people who need help with filing their taxes. The company’s services are especially useful if you have fallen behind on your tax payments and want a fresh start. If you feel comfortable working on your own taxes and know of the tax credits and deductions you can use, it may make more sense to file your own taxes. Even then, it wouldn’t hurt to have a tax professional look over your forms and documents.
Should You Get Optima Tax Relief’s Services?
You should assess your taxes before reaching out to Optima for their tax relief services. If you have the financial resources to cover the debt, it may make more sense to do it yourself. In that scenario, it can help to speak with a tax professional about filling out the forms. If you aren’t sure how you will cover your tax debt and are worried about your wages getting garnished, it may make sense to get Optima Tax Relief’s services.
The company doesn’t only help with tax relief. You can get additional tax services from Optima Tax Relief that aren’t only for financially distressed individuals with tax debt.
How to Get Started with Optima Tax Relief
You can get started with Optima Tax Relief by calling the company’s phone number or filling out this quick survey. The survey asks you a few questions so the Optima Tax Relief team can know more about your situation. You can also get on the phone with a representative who can guide you through the next steps.
