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Optima Newsletter – April 2022

by Optima Financial Group | Apr 28, 2022

IRS Sends Large Tax Bills for 2021 Unemployment Benefits While some were able to return to work in 2021, approximately 25 million people received unemployment benefits and didn’t withhold taxes. The IRS is now looking to collect back taxes for the $325 billion in total benefits and mailed millions of large tax bills this season. […]

Optima Newsletter – March 2022

by Alexis Hernandez | Mar 15, 2022

Can You Use Cryptocurrency to Pay Taxes?While cryptocurrency has left many people skeptical of its value, the American government is validating its use with some surprising changes in taxes. In the last few years, states have been racing to make cryptocurrency mainstream, in hopes that one day Americans can use it to pay their taxes. Can the […]

Optima Newsletter – February 2022

by Alexis Hernandez | Feb 25, 2022

Reduced Refunds: Will Your Refund Be Garnished?You may have already received your tax documents for the 2022 season and it’s time to file. Many taxpayers experience some anxiety around filing season because of uncertainty. Will you owe the IRS? Will your refund be garnished? There are a few instances where you can expect the IRS to reduce […]

Optima Newsletter – January 2022

by Alexis Hernandez | Jan 19, 2022

2022 Filing Reminders It’s the start of a new year, which means that tax season is right around the corner. A few things have changed in the last couple of years, so it’s important to make sure you’re up to date on current tax news before you file.Read More IRS Enforcement is Back! What You […]

Optima Newsletter- November 2021

by Alexis Hernandez | Nov 1, 2021

Child tax credit has been a reliable source of additional income for families struggling through the pandemic. While there were plans to continue the monthly checks for at least another five years, it seems the program will be coming to an end in about one year. Read More Revenue Officers and Small Businesses Many small […]

Optima Newsletter – October 2021

by Optima Financial Group | Oct 10, 2021

The IRS recently signed contracts with three private-sector collection agencies, taking effect Thursday, Sept. 23, 2021. Taxpayers that are behind on payments toward their debts may be contacted by one of the new agencies. Here’s what you need to know: Read More What Is An IRS Revenue Officer? Revenue Officers deal with the most advanced […]

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