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1 day ago · In addition to income tax, independent contractors must pay self-employment tax, which covers Social Security and Medicare contributions. For 2024, the self-employment tax rate is 15.3%, with 12.4% allocated for Social Security and 2.9% for Medicare. This tax is calculated on net earnings from self-employment, and while it represents a ...
No notification from them. Checked online and everything. However, I got a call from Optima Tax Relief saying "I wanted to let you know that you might owe some back taxes. I wanted to let you know you're eligible to apply to have them forgiven with 2024 fresh start program. any past due taxes can be reduced or even forgiven through this program.
5 days ago · Must have either $10,000+ in tax debt or 1+ unfiled tax returns to qualify. $295 investigation fee. Resolution fees average between $995 and $5,000. Thousands of five-star reviews. 15-day refund policy. Optima Tax Relief is one of the big names in the industry, resolving over a billion dollars in tax debt since 2011.
- Tax relief is a means of reducing what you owe to the IRS and state in back taxes. Your debts can be negotiated and payment plans may be establishe...
- You'll probably need to owe at least $10,000 in state and/or federal taxes to be eligible for tax relief. There usually aren't any other requirements.
- You could work directly with the IRS to work out a 3-year payment plan, but that usually only applies if you've filed all of your previous years' t...
- Most services offer a free initial consultation, to determine which of their plans (if any) are the right fit for your situation. Once you've chose...
- Your representative will go to work on your behalf, using a variety of methods to work with the IRS and state taxing authority. These may include O...
- As you'd expect, it depends on the complexity of your situation. However, a general rule of thumb is between two and six months for a tax relief pl...
- Some tax relief services offer their customers a satisfaction guarantee - but it's often a very small window of time compared with how long it take...
- Most of them are. It's not difficult to find tax relief partners that have been helping consumers for decades. That being said, there are opportuni...
2 days ago · Posted on May 29, 2024. With advances in technology, state tax officials are increasingly turning to artificial intelligence (AI) to identify wealthy taxpayers who might be underreporting their income or engaging in tax evasion. This new approach leverages data analytics and machine learning to improve audit accuracy and efficiency, allowing ...
1 day ago · Optima Tax Relief reviews how employer 401 (k) after-tax matches can trigger a tax bill and what you can do to manage this effectively. Contents. 1 Understanding 401 (k) Contributions. 2 Employer Matching Contributions. 3 Tax Implications of After-Tax Matches. 4 Example Scenario.
3 days ago · 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.
5 days ago · To request tax exemption, please follow these steps. • Create or log in to your existing account. • Upload your tax exempt certificate (s) by following this link. If you've already placed your order, please do the following: • Email or fax a copy (508-393-6688) of your exemption certificate or letter of exemption to us post-purchase.
