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- Help with setting up payment plans and settling debts for less than the amount owed
- Tax protection services provide ongoing assistance
- High costs for ongoing protection services with no published method of calculating the total cost for tax debt resolution
- Can be a good option for people with large amounts of tax debt
What we like:
Tax protection services provide ongoing assistance
|Costs||Start at $295|
|Minimum Debt Required||$10,000|
|States Serviced||All 50 and D.C.|
Everyone has to pay taxes, but sometimes you find yourself owing more than you expect and struggling to pay your tax bill. If you wind up with tax debt, it can be hard to get out from under it.
Optima Tax Relief is a company that helps people with tax debt deal with the IRS and set up a payment plan or settle their debt for less than they owe. The company works with taxpayers with at least $10,000 in tax debt and offers a free initial consultation.
If you are struggling with tax debt, Optima Tax Relief might be able to help.
In this review:
- What Optima Tax Relief offers
- How Optima Tax Relief works
- How much does Optima cost?
- How much can Optima save me?
- Pros & cons of Optima Tax Relief
- Optima Tax Relief reputation and accreditations
- Frequently asked questions
What Optima Tax Relief offers
Optima Tax Relief offers a variety of tax assistance services.
- Tax Consultation. If you’re worried about a tax audit or wage garnishment, a tax consultation from Optima Tax Relief may be able to help. The company offers services that include preparing your taxes, preparing yourself for an audit, filing overdue taxes, and dealing with collection actions from the IRS.
- Tax Preparation. If you don’t want to prepare and file your taxes yourself, Optima Tax Relief can work with you to fill out and submit the required paperwork and payments.
- Tax Resolution. If you owe tax debt and the IRS comes to collect, Optima Tax Relief can help you resolve your tax problems in various ways. The company will work with the IRS to negotiate payment plans, debt settlements, removal of wage garnishment and liens, and other tax relief programs.
- Tax Settlement. If you know you can’t afford your tax debt, but the IRS hasn’t come after you to collect, you can still enlist Optima Tax Relief’s help to settle for less than you owe. Optima Tax Relief will reach out to the IRS on your behalf, explain your financial situation, and negotiate a deal.
- Tax Protection. Optima Tax Relief offers three levels of protection service, which include assistance with filing your taxes, identity and credit monitoring, audit defense services, and assistance with situations where you might need to work with the IRS.
How Optima Tax Relief works
Optima Tax Relief uses a three-step process to help people resolve their tax problems.
The first step is a consultation. Optima Tax Relief offers free consultations where you can meet with one of the company’s tax professionals to discuss your situation. You describe your financial situation and the issues you’re facing with the IRS and decide whether working with Optima is a good idea.
The second step is the investigation. During this step, Optima’s professionals will reach out to the IRS on your behalf to get the IRS to stop contacting you. Optima will also examine all of the financial and documents that you provided to come up with the best plan for dealing with your tax debt.
Finally, Optima executes the plan that you’ve selected, working with the IRS to establish a payment plan or settle your debt.
How much does Optima cost?
Optima does not specify costs for most of its services. However, the minimum cost of getting help from Optima Tax Relief is $295 if you move past the consultation stage. This price is in line with the competition.
In general, people with straightforward tax situations, and small amounts of debt will pay less than those with large amounts of debt or more complex situations will pay more.
If you sign up for Tax Protection services, you’ll pay $29.99, $49.99, or $69.99 per month.
How much can Optima save me?
How much you can save by hiring Optima will depend on several factors, such as your income, basic living expenses, and how much tax debt you have. The more you owe, the more you can save by having Optima help you avoid penalties or settle your debt for less than you owe.
Optima admits that each case is different and that the company might not be able to save you any money. During your consultation, it’s worth asking for an estimate of your savings and fees to ensure sure it makes sense to work with the company.
The company claims to have helped its customers resolve more than $1 billion in tax debt.
Pros & cons of Optima Tax Relief
- Employs tax attorneys and enrolled agents
- Free consultation
- Long track record and good reputation
- Variety of service options
- Dedicated case managers
- Requires $10,000 in debt or more
- No clear disclosure of costs
- Some services, like tax protection, are incredibly expensive for what they offer
Optima Tax Relief reputation and accreditations
Optima Tax Relief has a long track record and a strong reputation. It’s one of the better-known companies in its space.
The company has received accreditations or awards from many organizations, including:
- Better Business Bureau
- Inc. Magazine
- The IRS (as a Continuing Education Provider)
- Business Consumer Alliance
- National Association of Tax Professionals
- National Association of Enrolled Agents
The company is also popular with its customers. It has a 4.6 out of 5 rating with over 1,500 reviews on Trustpilot and an A+ rating from the Better Business Bureau.
Frequently asked questions
Here are some of the most frequently asked questions about Optima Tax Relief.
Whether working with Optima Tax Relief is worth it depends on your situation. The company does its best to save you money by helping you avoid penalties and settle your debt, but the fees you pay may offset the savings.
Optima says that most of its clients can complete the process in 4 to 10 months. Consultation and investigation typically take 2 to 4 weeks, and following the resolution plan usually takes 3 to 9 months.
Optima Tax Relief has a minimum tax debt requirement of $10,000.
Optima Tax Relief can help customers with federal tax debt owed to the IRS and tax debt owed to their state governments.
You do not need to work with a tax relief company like Optima to resolve tax debt issues. You can work with the IRS on your own to set up payment plans or settle your debt for less than you owe. Optima’s benefits include not having to deal with the IRS directly, and that Optima has experience with these types of situations.
Optima Tax Relief offers a 15-day money-back satisfaction guarantee. However, this guarantee only applies to the fees paid toward the investigation phase.
Working with Optima Tax Relief will not hurt your credit. Late payment of taxes and setting up tax payment plans do not impact your credit. Even tax liens are no longer included in credit reports, so they can’t hurt your credit score. However, some lenders check public records reports where liens do appear. So, just because tax liens and payments are not on credit reports doesn’t mean it can’t hurt your chances of qualifying for a loan.
Where to find alternatives to Optima Tax Relief
Optima Tax Relief is far from the only company dedicated to helping people solve tax issues with the IRS. If you have tax debt and want to compare your options, we have some useful resources that you can look at, including our picks for the best tax relief companies.
We also have reviews of some other popular tax relief companies, including:
Ready to receive a consultation with Optima Tax Relief? Check out its website.
Start at $295
Author: TJ Porter