Political donations are a vital part of democratic systems, empowering individuals to support their preferred candidates, parties, and causes. As Election Day approaches, people often wonder whether their contributions to political campaigns, committees, or candidates can be deducted on their tax returns. This question arises frequently, especially in the context of other charitable donations, which […]
Article from October 2024
Ask Phil: Will Hiring Optima Tax Relief Affect Your Credit Score?
Today, Optima Tax Relief Lead Tax Attorney, Phil, answers a burning question: “Will hiring Optima Tax Relief affect your credit score?” The short answer is no. Hiring Optima Tax Relief does not directly affect your credit score. However, there are a few ways the process could impact your credit indirectly. If you don’t pay your […]
How to Earn Money as an IRS Whistleblower
The IRS Whistleblower Program is an initiative that rewards individuals who report tax noncompliance to the IRS, potentially leading to significant monetary awards. If you are aware of tax evasion or fraud, you may be eligible to earn a percentage of the proceeds recovered from the offender. This guide will explore how you can earn […]
How Data Breaches Affect Your Taxes
Over 2.9 billion records of personal data, including Social Security numbers, were leaked on the dark web, putting taxpayers at risk of tax identity theft. Optima CEO David King and Lead Tax Attorney Philip Hwang explain what tax identity theft is, how it can affect you, and how to resolve it! If You Need Tax […]
Ask Phil: 3 Things the IRS Will Never Do
Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses 3 things the IRS will never do. These items are crucial to avoid growing tax scams. The IRS Will Never Threaten You with Law Enforcement The IRS does not use scare tactics like threatening taxpayers with arrest, deportation, or police involvement to collect taxes. Legitimate communications […]