When you owe the IRS and don’t have the funds to pay in full, the stress can feel overwhelming. Fortunately, the IRS offers tax relief programs designed to help taxpayers manage their debt without immediate financial ruin. The two most common options are the IRS Installment Agreement and Currently Not Collectible (CNC) status. While both […]
Article from August 2025
New IRS Scam Alert: Phony Notices with Dangerous Flash Drives | Optima Tax Relief
A new IRS scam is targeting taxpayers who owe. As the IRS moves away from paper checks, scammers are mailing notices with flash drives to trick you into giving up your sensitive information. CEO David King and Chief Tax Officer and Lead Tax Attorney Philip Hwang share practical tips on how to verify your notices […]
What is Form 1099-DA?
The tax landscape for digital assets is rapidly changing, and at the center of that change is a brand-new reporting form: Form 1099-DA. If you’ve traded cryptocurrencies, purchased an NFT, or even experimented with stablecoins, you’ll soon be hearing a lot about this form. Investors and brokers alike need to understand what it is, why […]
Am I Responsible for My Spouse’s Back Taxes?
When you marry, you often share many aspects of your life with your spouse: your home, your finances, and perhaps even your dreams. However, what happens when it comes to tax liabilities? Specifically, are you responsible for your spouse’s back taxes? This question can cause significant stress and confusion. To navigate this issue, it is […]
How to Read Your IRS Transcript and Understand Account Codes
If you’ve ever ordered an IRS transcript, you know they can look overwhelming at first glance. Rows of numbers, dates, and abbreviations may leave you wondering what any of it actually means. The good news is that once you understand IRS transcript codes, these records become a powerful tool for tracking your return, refunds, and […]