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Tuesday, May 24th
Optima Tax Relief is one of the big names in the industry, resolving over a billion dollars in tax debt since 2011. This service is completely transparent in how long it can take to resolve tax challenges, and it's the only one we know of that has a 15-day refund policy when you've entered the fee-based investigation phase of the process. Optima clients are quick to offer their enthusiastic approval of this company, which operates in all 50 states and works with both federal and state tax debts. Optima Tax Relief earns one of our highest ratings for effective, confidence-inspiring service.
Tax Relief Inc. may be the only provider we've found who not only has a perfect rating and accreditation from the BBB, but also zero complaints. This is a smaller service than most, but it still offers tax relief options across the spectrum: consumer and corporation, federal and state, and so on. We'd love to see more client feedback and at least a rough estimate of the fees you'll pay for tax relief services here, but we have no reservations about recommending Tax Relief Inc. as a trustworthy option.
If you're behind on your tax payments or have past years where you didn't even file a return, you probably feel the pressure mounting. Unless you've come into money recently, you're thinking there's no way you can possibly pay off your tax debt while still keeping food on your table and gas in your tank, right?
Fortunately, you've got options you might not be aware of. At the federal level, the IRS offers the Fresh Start program that lets you settle your debt for a lower amount than what you actually owe through an Offer in Compromise. The amount that the IRS will accept depends on your household expenses, current income and assets, and your payment will usually consist of a lump sum upfront and then monthly payments for 6-24 months or in full within five months.
All this sounds great, but are you confident that you can accurately determine your eligibility, wade through the 32 pages of the IRS document explaining the program, and get it approved?
That's where tax relief services come to the rescue. These companies take the hard work out of your hands, securing power of attorney to step in and interact with the IRS on your behalf. The process typically has three stages: a free consultation to explore your specific situation, an investigation phase to determine the extent of your tax problems, and finally the resolution.
How much does it cost? You should anticipate fees ranging from $200-$500 for the investigation, and some of the top tax relief services will refund them if they determine they can't reduce the amount you owe. The resolution stage carries the largest cost, from $500 to $5,000 based on your total owed amount and the complexity of your case. It might seem like a lot to pay, but if you could reduce $100,000 in owed taxes down to just $10,000 (or less), wouldn't it be well worth the expense?
With so many companies offering tax relief services, how can you decide which one is the best fit for you? Keep these factors in mind as you look at your options:
To help you get out from underneath your tax burden, TopConsumerReviews.com has evaluated and ranked the most popular tax relief services available today. We're confident that this information will make it possible to get the assistance you need quickly and stress-free.
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