Optima Newsletter

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 […]

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 […]

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 […]

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 […]

The recently passed $1.9 trillion American Rescue Plan allows qualifying taxpayers who received unemployment during the 2020 tax year to have the first $10,200 of those benefits exempt from their federal income taxes.  Read more The IRS has Resumed its U.S. Passport Revocation Program The IRS recently announced that they are resuming their Passport Revocation […]

The newly passed $1.9 trillion Covid relief bill includes  $1,400 stimulus checks that will be sent out to qualifying Americans who have been financially struggling due to the ongoing pandemic. However, individuals who have unpaid debts may be at risk of having their stimulus checks garnished. Read more What is IRS Notice 1444 and will […]