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Loading Tax News…Ask Phil Video SeriesPublished on Oct 20, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses bankruptcy, including if and when tax debt is discharged. When you file for bankruptcy, you are relieved from most of your debts, including credit card debt, medical bills, payday loans, utility bills, […]
Ask Phil Video SeriesPublished on Oct 13, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses tax refunds, including how to track when you’ll receive yours. When it comes to tax refunds, most taxpayers want to know one of three things: how much they will receive, where it […]
Ask Phil Video SeriesPublished on Oct 6, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses the October tax extension deadline. The tax extension deadline this year is October 16, 2023. Remember, an extension to file your taxes is not an extension to pay your taxes. But what […]
Ask Phil Video SeriesPublished on Sep 29, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses marriage and taxes, including filing status options. Married couples have two different options for filing their taxes: married filing jointly and married filing separately. If you choose to file jointly with your […]
Ask Phil Video SeriesPublished on Sep 22, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses the Employee Retention Credit (ERC), including the rise in scams surrounding the credit. The ERC is a tax credit that provides financial relief to businesses that have experienced economic hardships due to […]
Ask Phil Video SeriesPublished on Sep 15, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses penalties and interest again, but this time gives tips on how to mitigate and even remove them. Penalties and interest can quickly get out of hand. The best way to mitigate […]
Ask Phil Video SeriesPublished on Sep 8, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, breaks down tax extensions. Can anyone file a tax extension? When is the deadline to file? A tax extension is an additional 6-month period the IRS grants a taxpayer to file their […]
Ask Phil Video SeriesPublished on Sep 1, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses taxes and real estate, including buying, selling, and refinancing your home while owing taxes. Tax Liens Real estate transactions can quickly become tricky if you owe taxes and even more so if […]
Ask Phil Video SeriesPublished on Aug 25, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses how owing back taxes can affect your travel plans, including renewing your passport or obtaining one for the first time. Here’s what you need to know about passports and taxes. You might be […]
Ask Phil Video SeriesPublished on Aug 18, 2023
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses an important update regarding surprise RO visits. The IRS just announced that it is discontinuing home visits as an enforcement method. This means the days of intimidating revenue officers (ROs) knocking on […]
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