Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Philip Hwang, recently appeared on the Tax Notes podcast to discuss what taxpayers can expect during the 2026 tax filing season. As the newest national chair of the Taxpayer Advocacy Panel (TAP), Phil shared how the panel brings real-world taxpayer feedback to the IRS to help improve […]
Article from January 2026
2026 Tax Season Trends Part 2: What to Expect for Owed Taxes and Offer in Compromise – Optima Tax Relief
Wondering what the 2026 tax season will look like? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang share their insights, diving into trends around taxpayers who owe, total balances owed, and the future of Offer in Compromise filings and approvals. If You Need Tax Help, Contact Us Today for a […]
What Is IRS Automated Collection System (ACS)?
When taxpayers fall behind on federal taxes, the IRS doesn’t immediately assign an agent to seize assets or make in-person visits. Instead, most delinquent accounts are first routed through a centralized enforcement program known as the IRS Automated Collection System, commonly referred to as ACS. This system is the backbone of IRS civil tax collection and is responsible for managing millions of […]
Tax Tips for Etsy Sellers
Selling on Etsy can be a rewarding venture, whether you’re crafting handmade jewelry, vintage finds, or unique digital downloads. However, as an Etsy seller, it’s essential to understand the tax implications of your business to ensure compliance and maximize your earnings. Here are some crucial tax tips to help you navigate-taxes as an Etsy seller. […]
What is the IRS?
The Internal Revenue Service (IRS) is the federal agency responsible for administering and enforcing tax laws in the United States. Operating under the Department of the Treasury, the IRS plays a vital role in collecting taxes, processing tax returns, issuing refunds, and ensuring compliance with tax obligations. Understanding how the IRS functions is essential for […]