Does the IRS ever 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..
How does Optima tax get paid?
Optima provides a variety of services that address tax problems, such as audit representation, lien and levy releases and wage garnishment release. … Typically, tax relief companies charge much more for resolution work — that is, they charge you a second fee to do the work that resolves the tax issue.
Is Optima tax relief a legitimate company?
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. … In addition, if your tax payments affect the rest of your financial picture and cause you to get behind on other bills, your credit scores could be affected.
How much does it cost for Optima tax relief?
How much does Optima Tax Relief charge for its tax relief services? Fees vary depending on the size and complexity of each case. However, you can expect the cost of Optima Tax Relief services to start at $495. According to Optima Tax Relief, the average customer will pay $4,000 in fees.
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.