Weddings are significant life events, often accompanied by substantial expenses. As couples plan their big day, a common question arises: can any of these costs reduce their tax liability? While most wedding expenses are considered personal and thus not tax-deductible, there are some exceptions where careful planning could yield tax benefits. General Rules for […]
Article from January 2025
What is Tax Resolution?
Are you struggling with tax debt? If you’re facing IRS audits, unfiled tax returns, wage garnishments, or overwhelming tax debt, you’re not alone. CEO David King and Lead Tax Attorney Philip Hwang give a breakdown on what tax resolution is, how it works at Optima Tax Relief, and how Optima can help protect you from […]
What To Do If You Receive IRS Notice CP14
Receiving an IRS Notice CP14 can be stressful, but understanding what it means and how to respond is the first step toward resolving the issue. This notice is the first formal communication from the IRS indicating that you owe unpaid taxes. Ignoring it could lead to additional penalties and interest, so it is essential to […]
2024 Q4 Estimated Tax Payments Are Due. Are You Prepared?
Estimated tax payments play a critical role in helping taxpayers meet their annual tax obligations. For many individuals, including the self-employed, retirees, and investors, these quarterly payments are the primary way to stay compliant with tax requirements. With the final 2024 payment deadline approaching, now is the time to ensure you’re prepared and avoid potential […]
Unfiled Tax Returns: What You Need to Know
Filing tax returns is a fundamental responsibility of every taxpayer, yet many individuals find themselves with unfiled tax returns. This issue is not just a financial inconvenience—it carries significant legal implications. The IRS has robust mechanisms to address unfiled returns, and ignoring this obligation can lead to consequences. This article aims to provide a comprehensive […]