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7 Magical Mind Tricks To Help You Declutter Optima Tax Relief

The 5 Best Tax Relief Companies of 2020.

Get the tax debt relief you deserve.

Around 114 million Americans had outstanding tax debt in 2018, according to statistics by the Internal Revenue Service. The entire dollar amount equaled $131 billion in tax debt, including penalties and interest that year.

Many men and women fall into tax debt because they don’t realize how much they owe due to filing errors or faulty accounting documents.

Some believe they can avoid filing taxation and it won’t catch them up. However, the U.S. government earns too much revenue from taxation to allow taxpayers slip.

In 2018, the IRS registered 410,220 federal tax liens and 639,025 notices of levies. The agency seized the land of 275,000 taxpayers. Ignoring tax debt is seldom a solution to a problem that is only going to increase over time as fines, late fees, and interest rates pile up.

Tax aid businesses can help taxpayers resolve unpaid federal and state tax debt. These businesses use the applications available through the IRS to help reduce or perhaps eliminate tax debt. We examined dozens of tax debt relief organizations to find the five best you can depend on to help repay your IRS tax debt.

The 5 Best Tax Relief Companies of 2020.

Tax Defense Network: Best Total Community Tax: Runner-Up, Best Total Optima Tax Relief: Best User Experience Anthem Tax Services: Best Quick Relief Stop IRS Funding: Best Value.

Best Total: Tax Defense Network.

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Tax Defense Network (TDN) is a respectable tax debt relief firm consumers can trust. Garnering five celebrities on Google reviews, 4.5 celebrities on the Better Business Bureau website, and an A rating with the BBB, TDN has been in business since 1997. These sound customer reviews and long history in business are why we named TDN our best tax relief firm all around. TDN is owned by MoneySolver, a federal financial firm, and is one of the most famous names in tax debt relief.

TDN charges a flat-rate fee and will not work with customers who owe less than $10,000 in tax debt. Average costs range from $2,500 to $3,500, but pricing depends on the complexity of the case and the amount of taxes owed. TDN delivers a totally free consultation as well as a three-day window to ask a refund, which can be less than a few other companies provide.

The business offers financing options for customers who cannot afford to pay the full rate upfront.

TDN offers tax preparation services, representation during an audit, and tax debt relief solutions that include helping taxpayers record an offer-in-compromise, innocent spouse relief, currently-not-collectible (CNC) standing, or an installment agreement. The business provides support for businesses and people and can assist with state or federal taxes, including payroll taxes.

Runner-Up, Best Total: Community Tax.

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Highly ranked on consumer review websites and providing a totally free consultation for taxpayers, Community Tax made our runner-up slot as one of the best overall tax debt relief companies. According to Chicago, Community Tax helps taxpayers nationwide, settling millions in state and federal tax debt for businesses and people monthly.

The business also provides tax preparation and outsourced accounting and bookkeeping solutions for small-to-mid-size businesses The firm ‘s tax attorneys may also defend you during an IRS audit. Tax debt solutions include offers-in-compromise, installment agreements, and innocent spouse relief. However, the business usually doesn’t work with taxpayers who owe less than $10,000 in tax debt.

The particulars of tax debt cases vary widely, but many customers who qualify for tax debt relief see results within about four weeks when dealing with Community Tax. If you aren’t pleased with the support you get, then you can cancel for a full refund within three to 10 business days, depending on the rules for your state in which you reside.

Community Tax has been in business for ten decades, a testament to the consequences for taxpayers and its trustworthiness. The business has promised Better Business Bureau certification since 2015 with an A rating, and has an average of 4.5 stars based on consumer reviews on the BBB site.

Community Tax doesn’t print costs, but it costs a fixed rate fee that will not change after your initial price estimate.

Best User Experience: Optima Tax Relief.

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Comprised of a team of tax attorneys in Santa Ana, California, Optima Tax Relief has superior consumer ratings on quite a few websites, including Google, where it earned an average of 3.9 stars across 839 reviews. It also has an average of 4.75 stars on the Better Business Bureau website and has been licensed with an A rating since 2012, only 1 year after its launch.

Optima’s prices start at $495 for help with tax aid, but that could be for quite a simple case with a quick settlement. The typical taxpayer might pay up to $4,000 for tax aid providers through Optima. Like many other tax debt relief companies, the business is only going to work with taxpayers who owe $10,000 or more in tax debt. Optima delivers a full money-back guarantee within the first 15 days of working with the company.

Similar to the other businesses, Optima helps businesses and individuals with tax preparation, representation during an audit, and tax debt relief alternatives. Optima Tax also provides a three-tiered Protection Plan, beginning at $29.99 a month. The plan provides tax services and identity theft security. The highest tier, the Professional Plan, seeks to assist self-employed people and 1099 contractors with tax solutions, audit defense services, and bookkeeping.

The business ‘s password-protected customer portal makes it easier for taxpayers to check the status of the case together with Optima Tax Relief and assists put Optima at number 3 on our list of greatest tax debt relief businesses, supplying a superior user experience.

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Unlike TDN, Community Tax, and Optima, Anthem Tax Services can help taxpayers who owe as little as $7,500 in IRS tax debt. Furthermore, the business charges a flat-rate fee that starts at $250 and averages approximately $2,750, which can be less than some of the other companies on this listing.

Located in Woodland Hills, California, Anthem Tax Services earned an average of four stars based on 100 reviews on Google. It blog here got an A- rating on the Better Business Bureau website, using an average four-star evaluation based on 39 reviews. It has been in business since 2011 but was only licensed in 2017.

Similar to the other companies on our list, Anthem Tax Services offers tax debt relief, tax filing, and back taxes, as well as tax preparation. It specializes in helping truck drivers and other 1099 builders and self-employed people with tax debt relief and accounting solutions.

Anthem Tax Services helps with offers-in-compromise, CNC standing, innocent spouse relief, and installment agreements. The business may help with state or federal taxation.

Anthem Tax Services made the designation of Best for Quick Results because it might have the ability to repay your tax case in no more than a week, and seldom takes more than four weeks.

Best Value: Stop IRS Debt.

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Well-established tax debt relief businesses are more likely to be reliable and provide a decent customer support experience and higher value for customers.

Unlike lots of the other tax debt relief companies reviewed, Stop IRS Lending shared pricing estimates on its website, which explains why we picked the business for best value.

Tax yields may cost only a few hundred bucks, while simple tax settlement services vary from $1,500 to $2,500. The business also offers a free consultation and can be quick to point out that more complex cases can cost a whole lot more.

It has earned a mean of 3.5 stars on the BBB website, while there are a few negative reviews on the BBB site as well as in different areas. The business was great about responding to customer complaints on the BBB website.

Unlike other companies on this listing, Stop IRS Debt can help businesses and individuals who have as little as $5,000 in tax debt. This could account for its negative reviews, as the IRS is less likely to work out a deal with taxpayers who owe less than $10,000. A number of the IRS apps available for businesses and individuals who owe more than $10,000 are simply not accessible.

A couple of negative reviews said that the firm did not solve their tax debt and did not return calls, though these taxpayers did not say how much they owed the IRS.

Stop IRS Funding can assist customers in filling out an application for offers-in-compromise, currently-not-collectible standing, installment agreements, or even innocent spouse relief, exactly like the other companies on this listing.

What Is a Tax Relief Company?

Tax aid businesses rely on their extensive knowledge of tax legislation and established connections with IRS agents to assist taxpayers resolve unpaid tax debt. Tax aid companies often hire tax attorneys, certified public accountants (CPAs), as well as former IRS agents to deliver service to their customers.

Many tax debt relief companies advertise that they can decrease or eliminate tax debt, penalties, and late fees.

How Does Tax Relief Work?

Most tax aid companies begin with a free consultation. Your tax pro Would like to find out:

How much tax debt you owe Whether your tax filings are up to date If you have any tax liens or levies against your property.

In your consultation, your expert might ask questions regarding your total income and tax filing status, like whether you’re a W-2 employee or a 1099 contractor or if you file as single, married, filing separately, or married, filing jointly.

As soon as your tax relief firm has decided your situation and you’ve decided to work together, they will contact the IRS on your behalf to halt collections calls.

Then the tax experts can allow you to research your options for tax debt relief. Tax debt solutions may involve filing :

An offer-in-compromise a partial pay installment agreement innocent spouse relief currently-not-collectible (CNC) status penalty relief interest abatement.

As soon as your tax pro finds the best solution for your tax debt, they will start negotiating with the IRS on your behalf.

However, the agency may still place a lien on your house, but it will stop collections activities while the agents review your account should you register for an installment agreement or offer-in-compromise.

The IRS will diminish your application for tax relief if you don’t complete the paperwork correctly or overlook paperwork. However, tax debt relief businesses know the exact forms to file and what to say when they negotiate on your behalf.

How Much Does Tax Relief Cost?

The price of tax debt relief varies tremendously among suppliers. Some ask that a flat-rate payment upfront. Others charge some of the money that you’re saving by filing for tax debt relief or a proportion of your total tax debt. Others charge an upfront setup fee and then hourly prices, therefore the more complex your circumstance and the longer time it requires, the more you will payoff.

Does Tax Relief Really Work?

In 2017, the IRS accepted only over 40% of offers in compromise. However, Investopedia estimates that fewer than 10 percent of customers working with tax debt relief companies get full satisfaction. The worse off you’re financially, the more probable it is that the IRS will accept your settlement deal or partial pay installment agreement.

However, oftentimes, the IRS will accept a payment plan, which may help relieve some of your financial burdens and help prevent a tax levy or wage garnishment.

Just like any kind of debt relief or debt settlement, you are able to negotiate on your own. But coping with the IRS is scary. It can be well worth the money to have tax professionals on your side to take care of negotiations.

How Do You Avoid Tax Relief Scams?

As in any industry where customers are desperate for answers and fearful about the future, the tax debt relief industry is full of scam artists and less-than-reputable companies.

Therefore , it’s very important to be skeptical of any company that asks for a big upfront fee or won’t provide a totally free consultation. Review the firm ‘s background, too. Does the company show longevity? Is it licensed by the Better Business Bureau?

In case the business has changed its title multiple times or has only been around for a short time–or in the event the firm name doesn’t match its domain name–this might be a symptom of a scam.

Most importantly, be conscious of businesses that produce big promises. It’s likely the business will not be able to have IRS penalties, fees, and interest charges waived. In reality, the company might not have the ability to help reduce your tax debt at all.

Keeping in mind that the IRS only takes 40% of offers-in-compromise, be cautious of companies that claim to divert your tax invoice or have your tax debt reduced dramatically.

A tax debt relief firm can handle the stressful process of negotiating with the IRS on your behalf. However, you shouldn’t trust a business that makes promises that seem too good to be true–particularly if they have not reviewed your financial records before making those claims.

How We Chose the Best Tax Relief Companies.

To compile our list of the best tax relief businesses, we examined dozens of tax debt relief companies, combing through consumer reviews and business websites, and assessing credentials, certifications, and Better Business Bureau listings. After reviewing the offerings from several businesses, we identified that the best ones based on their results, customer support, and wide range of services offered to taxpayers.