The allure of freelancing lies in its flexibility and independence, allowing individuals to pursue their passions while managing their own time. However, freelancers often find themselves grappling with financial complexities, particularly when it comes to taxes. One of the most dreaded scenarios is receiving an unexpected tax bill. In this article, we’ll explore practical strategies […]
Is Overtime Pay Taxed Under the One Big Beautiful Bill?
Overtime pay is an integral part of many workers’ compensation packages, offering earnings for putting in extra hours beyond the standard workweek. While employees may appreciate the boost to their paychecks, questions often arise about how overtime earnings are taxed, especially after the passage of the One Big Beautiful Bill in July 2025. Understanding the tax […]
Optima Tax Relief Celebrates 14 Years of Service: A Legacy of Taxpayer Advocacy and Impact
Over 100,000 Tax Problems Resolved, Billions in Debt Serviced, and Millions Saved for Americans in Need Optima Tax Relief proudly celebrates 14 years of helping taxpayers nationwide resolve their toughest IRS and state tax issues. Since its founding in 2011, the company has become the nation’s leading tax resolution firm, servicing over 100,000 cases, resolving billions […]
How the IRS Calculates Interest on Tax Debt
Understanding how the IRS calculates interest on tax debt can help you avoid financial surprises and make better decisions if you owe money to the government. Unlike penalties, IRS interest compounds daily and is tied to market-based rates that adjust quarterly. This means your balance can grow faster than you expect, especially if you wait […]
IRS Interest Rates Hold Steady for Q3 2025
The IRS has announced its interest rates for the third quarter of 2025, with no changes from the previous quarter. These rates, effective from July 1 through September 30, 2025, play an essential role in how both individuals and businesses manage their tax responsibilities. Staying current on IRS interest rate trends can help taxpayers make […]