Ask Phil Video Series

Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, shares what to do if you missed the tax deadline and how to avoid making things worse.  Step One: Pay What You Can  If you missed the deadline but have the funds available, the best thing you can do is pay your tax […]

Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, discusses what’s happening with student loan collections and what it means if you’ve defaulted on yours.  Yes, Student Loan Collections Are Back  After years of pauses and extensions, federal student loan collections have officially resumed. If you’ve defaulted on your student loans, this […]

Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, explains one of the most valuable tax breaks for low- to moderate-income earners: the EITC.  What Is the EITC?  EITC stands for the Earned Income Tax Credit. It’s a refundable tax credit designed to help working individuals and families with low to moderate […]

Today, Optima Tax Relief Lead Tax Attorney, Phil, addresses the trending myth: Is the IRS shutting down? The short answer: no, it’s not.  Why the IRS Isn’t Going Anywhere  Recently, talk of the IRS shutting down has picked up steam, especially online. Some of the talk is tied to Donald Trump’s return to the presidency […]

Today, Optima Tax Relief Lead Tax Attorney, Phil, answers a common question we hear from clients: “I resolved my account with the IRS. Now what?”  What It Means to Resolve Your Tax Account  First, congratulations! Resolving your tax account is a big deal. Whether you set up a standard Installment Agreement, secured a Partial Payment […]

Today, Optima Tax Relief Lead Tax Attorney, Phil, is breaking down why every taxpayer should create an IRS online account, especially heading into tax season.  Why Create an IRS Online Account  An IRS online account gives you secure access to your tax information anytime, without needing to call or wait for the mail. Through your […]