Procrastination and doing taxes seems to go hand in hand. People who don’t have OCD, in most cases will do their taxes with one or two days before they must fill them in.
Fill in forms based on bills and cash register receipts can be time-consuming and doesn’t bring any joy. But this must be done because IRS is the Christmas ghost of taxes and many Americans simply don’t want to get in trouble with the worlds most powerful collection agency.
Being afraid is legit because IRS can seize your house, freeze your bank accounts. Optima Tax Relief ‘reliefs’ each customer of this overwhelming experience.
How does it work?
In 4 easy steps, Optima Tax Relief can help taxpayers with their problem.
Tax Consultation – Free
The taxpayer makes an appointment with the expert, providing essential information and documents about the problem.
Tax Liability Investigation & Resolution Proposal
The expert analyses the documents and Establish communication with IRS, reviewing the options the taxpayer has for solving the case. This process can take 2-4 weeks.
Tax Preparation & Compliance
In this phase, the expert prepares the documents in regards to IRS compliance. It can take from 3 to 9 months.
Tax Settlement & Negotiation
The final phase is the Closing of the Case by settling and negotiating the tax settlement.
What are the promises made by Optima Tax Relief?
Optima Tax Reliefs’ experts with over 25 years of experience will analyze the provided documents to obtain a tax relief agreement with the IRS or help reduce tax debts. They can also help with bank debts, to reduce them or paying less than it was initially owned.
The service fee can be paid in full or over time, with an interest in payment.
What services do they offer?
Optima Tax Relief can help taxpayers solve out:
Offer in Compromise (OIC)
A compromise offer (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liability for an amount less than the total amount due. In most cases, taxpayers who can pay the debt in full through a payment agreement in installments or otherwise are not eligible for the OIC.
In certain circumstances, removal of debt is available for certain penalties. The most ordinary cases in which the IRS asses a penalty abatement are late filing and late payment of fees.
This agreement is an Internal Revenue Service (IRS) which allows contributors to pay their debt in monthly payments.
Partial Pay Installment Agreement (PPIA)
A payment agreement works more or less as a normal Installment Agreement, but here only the taxes owed overtime are paid and are harder to obtain.
The IRS will calculate the monthly fee based on submitted forms in terms of income, assets, debts, and expenses, also every to munch the financial situation is checked to see if any changes occurred.
Tax Lien Discharge
This means that the IRS is in charge of any proprieties of the taxpayer that failed to pay the owned taxes. Tax Lien Discharge is the act which stipulates ‘the release’ of the propriety.
In the time that Tax lien is installed, the taxpayer can’t sell it.
Tax Lien Subordination
It is the same thing as the above but in this case another creditor to take charge of the propriety, IRS having a lower position than the new lender’s security interest.
Tax Lien Withdrawal
After taxes are paid the tax lien is lifted.
Wage Garnishment Release
Wage garnishment means that IRS will retain a certain amount of many from the taxpayers’ paycheck. After taxes are fully paid the tax Garnishment is lifted.
Bank Levy Release
This time is not about the IRS. Bank can also be a pain in the back.
If a bank credit card beneficiary won’t pay the owed taxes or due credit card rates, the bank can also freeze other bank accounts, an operation called a levy. Bank Levy Release means the lifting of the instituted levy, of course after the debt is paid.
Innocent Spouse Relief
Marriage isn’t a piece of cake. If the taxpayer is held liable for their spouse actions regarding IRS such as: failed to report income, reported income improperly or claimed improper deductions or credits, the taxpayer can fill in an Innocent Spouse Relief.
If the taxpayers are passing through a rough financial period, IRS can be asked to ‘put on pause’ the tax collection. Certain conditions must be met, but it is doable.
Statute of Limitations
Is the actual time in which the IRS has the right to collect any taxes and levies. This period begins when the forms are filled in and are 10 years. It is very important because one can be relieved of tax payments.
Collection appeal is a separate IRS procedure that allows the taxpayer to appeal certain collection actions. It is advisable to consult an expert, especially for this procedure, being a bit more complicated than the simple Collection Due Process (CDP).
The administrative appeal is a procedure in which the IRS tries to solve disputes with the taxpayers without taking them to court. The circumstances for which an Administrative Appeal can be filled in can be check under IRS 188.8.131.52.