Pilots and flight attendants navigate a unique work environment; one that stretches across states, time zones, and even continents. While this lifestyle comes with freedom and travel perks, it also creates special tax challenges. Understanding how pilot taxes and flight attendant deductions work is essential for accurate filing and for avoiding missed opportunities to reduce […]
Why S Corps Get Flagged for IRS Audits
An S corporation, or S Corp, offers small business owners a flexible way to reduce tax liability while maintaining corporate protections. But with those advantages comes heightened attention from the IRS. While S Corps aren’t inherently more likely to be audited than other entities, they do present specific S Corp audit triggers, issues that commonly […]
Partial Payment Installment Agreements Explained
Dealing with tax debt can be overwhelming, particularly when financial circumstances make full repayment impossible. The IRS offers multiple programs to help taxpayers manage obligations while avoiding aggressive collection actions. One of the most flexible and practical options is the Partial Payment Installment Agreement (PPIA), which allows taxpayers to pay the amount owed over time, […]
Tax Deductions for Gen Z, Millennials, and Boomers
Understanding which tax deductions you qualify for can significantly reduce your taxable income, increase refunds, and improve your overall financial strategy. However, the types of deductions that make sense often depend on your generation and life stage. From student loans and side hustles for Gen Z to homeownership and retirement contributions for Millennials, and age-specific […]
Choosing the Right IRS Payment Plan: Full Payment, CNC, or Installments | Optima Tax Relief
Wondering whether it’s better to pay your taxes in full or set up a payment plan? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang explain which repayment options you may qualify for, how penalties and interest impact your total debt, and the steps you can take to resolve your tax […]