- Who owns Optima tax relief?
- How do I get my IRS debt forgiven?
- What is the Fresh Start program for the IRS?
- What can the IRS not seize?
- Can the IRS take money from my spouse bank account?
- Can IRS come after you after 10 years?
- Does IRS forgive tax debt after 10 years?
- What is the best tax debt relief company?
- Why do I have to pay taxes every year?
- What is the meaning of tax relief?
- Does Optima tax relief do state taxes?
- Does the IRS really forgive tax debt?
- Does Optima Tax Relief Really Work?
- Does Optima Tax Relief hurt your credit?
- Can I settle with the IRS myself?
- Is there a statute of limitations on money owed to the IRS?
- Does Optima tax relief help with state taxes?
Who owns Optima tax relief?
Jesse StockwellJesse Stockwell.
One of the great joys experienced by being a founder of Optima Tax Relief is being surrounded by such a dedicated, intelligent, and driven team of professionals that truly believe in our mission..
How do I get my IRS debt forgiven?
You can apply for the IRS government payment plan called an Offer in Compromise (OIC) to resolve the remaining amount. Depending on your financial capacity and upon acceptance, the IRS significantly reduces the total debt that you can pay. This reduced amount can be paid in a lump sum or in fixed monthly payments.
What is the Fresh Start program for the IRS?
The IRS Fresh Start Program is a program that is designed to allow taxpayers to pay off substantial tax debts affordably over the course of six years. Each month, taxpayers make payments that are based on their current income and the value of their liquid assets.
What can the IRS not seize?
Items the IRS Cannot Seize Second, it cannot seize clothing, tools, or other supplies that are necessary to go to work or school. It cannot lay claim to furniture that is valued at or under $7720. It also cannot seize work tools that are valued at or under $3520.
Can the IRS take money from my spouse bank account?
In general, the IRS can levy a joint bank account if one account holder has delinquent tax debt and all other required procedures have been followed. This is true whether the joint account holder is your spouse, relative, or anyone else. It doesn’t matter whose funds were placed into the account.
Can IRS come after you after 10 years?
In general, the IRS has 10 years after the date of assessment to collect on delinquent taxes and tax-related fees, although there are a few exceptions. This 10-year limit is known as the collection statute expiration date (CSED), and it frees tens of thousands of Americans from their tax liabilities every year.
Does IRS forgive tax debt after 10 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. It is not in the financial interest of the IRS to make this statute widely known.
What is the best tax debt relief company?
Best for Large Tax Debt: Fortress Tax Relief Fortress Tax Relief’s hourly-based fee structure gives you the best opportunity for savings with a major IRS tax debt. It’s common for tax relief companies to calculate fees based on a percentage of the overall tax debt you currently owe to the IRS.
Why do I have to pay taxes every year?
The less tax that is withheld during the year, the more likely you are to end up paying at tax time. But you can avoid this happening again by making changes to the form. … In a nutshell, over-withholding means you’ll get a refund at tax time. Under-withholding means you’ll owe.
What is the meaning of tax relief?
Tax relief is any government program or policy initiative that is designed to reduce the amount of taxes paid by individuals or businesses. It may be a universal tax cut or a targeted program that benefits a specific group of taxpayers or bolsters a particular goal of the government.
Does Optima tax relief do state taxes?
State tax collection authorities have tremendous reach and can cause financial hardship if not dealt with in a timely manner. Unlike much of our competition, Optima Tax Relief has represented many clients with State Tax Issues.
Does the IRS really forgive tax debt?
The IRS rarely forgives tax debts. Form 656 is the application for an “offer in compromise” to settle your tax liability for less than what you owe. Such deals are only given to people experiencing true financial hardship.
Does Optima Tax Relief Really Work?
Optima Tax Relief earns an A+ rating from the Better Business Bureau, garnering 4.5 out of 5 stars based on more than 600 customer reviews. … Generally, customers say they’re satisfied with the outcome of their case and the support they received along the way.
Does Optima Tax Relief hurt your credit?
If you’re worried about the tax bill you owe the federal government hurting your credit scores, don’t be. Tax liens are no longer included on your credit reports. This means they will not have an influence upon your ® Score or VantageScore®.
Can I settle with the IRS myself?
Yes. It is possible to settle tax debt for less than you owe with the IRS. You use a solution known as an Offer in Compromise or OIC. … The IRS must have a reasonable expectation that they cannot collect the full amount owed.
Is there a statute of limitations on money owed to the IRS?
Usually the IRS has ten years to collect money you owe. Fortunately, the answer is usually “no.” As a general rule, there is a ten year statute of limitations on IRS collections. This means that the IRS can attempt to collect your unpaid taxes for up to ten years from the date they were assessed.
Does Optima tax relief help with state taxes?
Who We Are. Comprised of Tax Professionals with over 25 years of experience, Optima Tax Relief is a full service Tax Resolution firm that can handle almost any IRS or State Tax Issue. Our team is on hand to provide answers for clients impacted by garnishments, bank levies, liens and other challenges.