Articles from July 2020

What Does Voluntary Compliance Mean in Regard to Taxes?

The United States federal income tax system is operated under a system of voluntary compliance. This innocuous sounding term actually packs quite a potent punch –  there is little that is voluntary about the federal tax system, at least where paying taxes is concerned. Many celebrities and ordinary citizens alike have learned this lesson the […]

What is the Difference Between Form 1099-Misc and 1099-K?

Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation. Being self-employed comes with a lot of benefits like being your own boss and making your own hours. Although there are a lot […]