Raising a child or dependent with special needs is both rewarding and challenging. Along with the emotional and time commitments, families often face substantial financial burdens. Specialized therapies, educational support, equipment, and medical care can cost thousands of dollars each year. Thankfully, there are special needs deductions, credits, and savings strategies designed to help parents […]
Two Big IRS Deadlines You Can’t Miss: Sept 15 & Oct 15 | Optima Tax Relief
Are you self-employed or earning income outside of a W-2? You may need to make estimated tax payments by September 15. And don’t forget about another important IRS deadline coming up: the October 15 extension deadline. Optima Tax Relief CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang break down two […]
How to Respond to IRS Letter 1058: The Final Warning Before a Levy
Key Takeaways: Receiving a notice from the IRS can be overwhelming, but some letters demand immediate attention. IRS Letter 1058, formally known as the Final Notice of Intent to Levy and Notice of Your Right to a Hearing, is one of the most urgent communications you can receive. It signals that the IRS is […]
The Best Bookkeeping Practices to Avoid Tax Trouble
Staying on top of your business finances is one of the smartest moves you can make as an entrepreneur. Bookkeeping isn’t just about tracking what comes in and goes out. It’s about protecting yourself from costly mistakes, IRS penalties, and unexpected tax bills. With the right system, you can save time, maximize deductions, and reduce […]
Optima Tax Relief Earns Eighth Consecutive Civic 50 Orange County Award
Celebrating Eight Years of Giving Back, Optima Continues to Lead in Volunteerism, Philanthropy and Community Impact Optima Tax Relief has once again been named a Civic 50 Orange County honoree, earning the recognition for the eighth consecutive year (the Civic 50 was not awarded in 2020). Since the program’s inception in 2017, Optima has been […]