As the landscape of health care and financial planning evolves, it becomes increasingly crucial to understand the various tax forms that can impact both. One such form is the IRS Form 1099-LTC. This article aims to provide a comprehensive overview of what Form 1099-LTC is, its purpose, and how it affects taxpayers. What is IRS […]
Article from June 2024
What is a Taxpayer Assistance Center?
Navigating tax laws and filing requirements can be overwhelming for many individuals and businesses. To help ease this burden, the IRS offers a valuable resource known as a Taxpayer Assistance Center (TAC). These centers provide in-person help for various tax-related issues. They help ensure that taxpayers have access to the information and support they need. […]
How IRS Installment Agreements Work
When most people first examine tax relief options, they might have their hopes set on an offer in compromise – or their tax debt settled for less than what they owe. Unfortunately, OICs are more often denied by the IRS than they are accepted. When tax debt becomes too much to manage, an IRS installment agreement […]
What is the Adoption Credit?
Building a family can take many forms. Adoption stands as a powerful testament to the generosity and love that individuals and couples can offer to children in need. However, adoption can be an expensive process, often deterring potential parents from taking this big step. To alleviate some of the financial burdens associated with adoption, the […]
Tax ID Theft is on the Rise. Are You Protected?
There’s been a 45% increase in tax identity theft since the COVID-19 pandemic. If you’re dealing with tax identity theft, it could affect when you receive your tax refund! Optima CEO David King and Lead Tax Attorney Philip Hwang explain what tax fraud is, how your sensitive tax information can be used against you, and […]