Over 2.9 billion records of personal data, including Social Security numbers, were leaked on the dark web, putting taxpayers at risk of tax identity theft. Optima CEO David King and Lead Tax Attorney Philip Hwang explain what tax identity theft is, how it can affect you, and how to resolve it! If You Need Tax […]
Articles by Elyssa Carlos
How Long Does an Offer in Compromise Take?
If you’re facing significant tax debt and struggling to make ends meet, the Offer in Compromise (OIC) process may offer a lifeline. This tax negotiation program, offered by the IRS, allows qualifying taxpayers to settle their tax debts for less than the full amount owed. While this can be a valuable option, it’s important to […]
Ask Phil: 3 Things the IRS Will Never Do
Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses 3 things the IRS will never do. These items are crucial to avoid growing tax scams. The IRS Will Never Threaten You with Law Enforcement The IRS does not use scare tactics like threatening taxpayers with arrest, deportation, or police involvement to collect taxes. Legitimate communications […]
GoFundMe: How are Donations Taxed?
Crowdfunding is the act of funding a project by collecting small donations from a large number of individuals, often via the internet. GoFundMe has become a powerful platform for individuals and organizations to raise funds for various causes. These range from medical expenses and emergency relief to community projects and personal aspirations. However, many users […]
Which States Have No Income Tax?
As tax season approaches, individuals and businesses alike are often searching for ways to minimize their tax burden. One way some achieve this is by living in a state that does not impose personal income taxes. Currently, nine U.S. states fall into this category, each with its unique approach to taxation. Understanding how these states […]