Filing taxes can feel overwhelming, especially for individuals and families already managing tight budgets. Many taxpayers do not realize they may qualify for free tax preparation, IRS assistance programs, or valuable low-income tax credits that can significantly reduce their tax liability or increase their refund. The good news is that the IRS and several nonprofit organizations offer programs designed […]
What to Do If You Receive IRS Notice CP14 – Optima Tax Relief
Wondering what IRS Notice CP14 means and what you should do next? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang break down why the IRS issues this first bill for unpaid taxes, what information it includes, and why ignoring it can quickly lead to penalties and interest. Learn how IRS […]
Why Is My Tax Refund So Low This Year?
If you opened your tax return expecting a large refund and instead saw a much smaller amount, you are not alone. One of the most common questions taxpayers ask each filing season is why their tax refund is so low this year, especially when their financial situation feels largely unchanged from the previous year. A lower-than-expected refund can feel frustrating, especially […]
Ask Phil: 3 Common Tax Habits a Tax Attorney Avoids
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, shares three things he would never do as a taxpayer-and one thing he always makes sure to do every tax season. Don’t Trust Guaranteed Refund Promises If you’re hiring someone to prepare your taxes, it’s important to avoid anyone who guarantees the biggest refund. No legitimate tax professional can […]
Ask Phil: How a CP2000 Notice Can Delay Your IRS Tax Resolution
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, shares his least favorite IRS notice—and surprisingly, it’s not the final levy notice many taxpayers fear. Instead, it’s the CP2000 notice. What Is a CP2000 Notice? A CP2000 notice is sent when the IRS believes you failed to report all of your income on your tax return. This usually happens when the income reported […]