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Loading Tax News…Taxes & Your SavingsPublished on Nov 2, 2026
Receiving cash for freelance work, side jobs, tips, or business transactions does not mean the income is exempt from taxes. The IRS generally requires taxpayers to report all taxable income, regardless of whether they receive payment in cash, check, direct deposit, or […]
Tax and IRS NewsPublished on Nov 1, 2026
Tax-related identity theft is a significant concern for taxpayers, particularly during filing season when criminals look for opportunities to steal personal information and claim fraudulent refunds. Using stolen Social Security numbers and other identifying details, scammers can file tax returns in someone […]
Taxes & Your SavingsPublished on Oct 29, 2026
Receiving a CP504 notice from the Internal Revenue Service (IRS) means you have an unpaid tax balance that requires your attention. If you ignore a CP504 notice, the IRS may levy your state tax refund, continue collection efforts, and eventually pursue other […]
Tax PlanningPublished on Oct 28, 2026
Receiving Social Security Disability Insurance (SSDI) benefits can make it difficult to manage everyday expenses, especially when disability payments are a primary source of income. If you also owe back taxes, you may be worried about whether the Internal Revenue Service (IRS) […]
Tax PlanningPublished on Oct 26, 2026
Buying a home while dealing with unpaid taxes can be challenging, especially if the IRS has filed a federal tax lien against you. However, getting a mortgage with IRS tax lien issues on your record may still be possible, depending on the […]
IRS CollectionsPublished on Oct 19, 2026
Receiving a letter from the Internal Revenue Service (IRS) can be stressful, especially if it mentions unpaid taxes, proposed adjustments to your tax return, or potential collection action. However, not every IRS notice means you are being audited or that the IRS […]
Tax PlanningPublished on Oct 16, 2026
Nine states do not tax wages or salaries: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. New Hampshire became fully income-tax free in 2025, when its tax on interest and dividends ended. Washington comes with an asterisk: it […]
Taxes & Your SavingsPublished on Oct 15, 2026
Tax identity theft occurs when someone uses another person’s personal information to commit tax-related fraud, such as filing a fraudulent tax return or attempting to claim a refund. Victims may not discover the problem until their legitimate tax return is rejected or […]
Tax and IRS NewsPublished on Oct 12, 2026
Knowing you have a tax problem and deciding to do something about it are not always the same thing. A taxpayer may know a return was never filed. They may know an IRS balance remains unpaid. They may even suspect that penalties […]
Tax and IRS NewsPublished on Oct 11, 2026
If you owe the IRS money, how likely do you think it is that the agency will find you, enforce the balance, or take action? In Optima Tax Relief’s 2025 Annual Report, which surveyed every client who enrolled in resolution services during […]
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