If you’re starting a side business, you may have already encountered the term Employer Identification Number (EIN). It’s a common topic of confusion for new business owners, particularly those who are running smaller, more casual operations. This article will help clarify when you need an EIN for your side business, how to apply for one, […]
Do Widows Pay Taxes on Life Insurance Payouts?
Losing a spouse is one of the most emotionally challenging experiences a person can go through. During this time of grief, managing finances and understanding the tax implications of inherited assets can feel overwhelming. One common question is if widows pay taxes on life insurance payouts. The answer, in most cases, is reassuring—but there are […]
Optima Tax Relief Launches Initiative to Combat Tax Scams
Consumer education campaign empowers taxpayers with tools to detect and prevent tax-related fraud amid a rise in sophisticated scams. Optima Tax Relief, a nationally recognized leader in tax resolution services, is proud to announce a new initiative aimed at combating the growing threat of tax scams. As tax fraud continues to evolve, becoming more sophisticated […]
I Resolved My Account with the IRS. Now What?
Today, Optima Tax Relief Lead Tax Attorney, Phil, answers a common question we hear from clients: “I resolved my account with the IRS. Now what?” What It Means to Resolve Your Tax Account First, congratulations! Resolving your tax account is a big deal. Whether you set up a standard Installment Agreement, secured a Partial Payment […]
Incarceration and Back Taxes: What You Need to Know
Dealing with back taxes can be stressful under any circumstances. However, when incarceration is added to the mix, the situation becomes more complicated. Incarcerated individuals still have tax obligations and understanding how these obligations are handled during their time in prison is essential. This article will provide a comprehensive overview of what happens to your […]
Tax Tips for Seniors and Retirees
As the golden years approach, seniors and retirees face a new set of financial challenges, with tax planning becoming increasingly important. Understanding the tax implications of retirement income sources, investments, and deductions can significantly impact a retiree’s financial well-being. In this blog post, we’ll explore some valuable tax tips specifically designed for seniors and retirees, […]
Is the IRS Going Away? Here’s Why You Still Need to File
Is the IRS going away? Should you wait to file your 2024 tax return? CEO David King and Lead Tax Attorney Philip Hwang answer some of the biggest IRS and tax questions people are asking—and explain why it’s more critical than ever for taxpayers to resolve their tax burdens and stay compliant. If You Need […]
2025 State-Level Tax Changes
State tax systems are seeing major changes in 2025, with many states adopting flat income taxes, cutting corporate rates, and adjusting sales tax policies. These reforms aim to simplify tax codes, reduce burdens, and boost economic growth. In this article, we’ll highlight the most significant state-level tax changes, explore key trends, and look at how […]
Optima Tax Relief Earns Prestigious 2025 USA Today Top Workplaces Award
Company Recognized for Exceptional Workplace Culture and Employee Satisfaction Optima Tax Relief, the nation’s leading provider of tax relief services, is proud to announce it has been named a 2025 USA Today Top Workplaces Award winner. This prestigious honor highlights the company’s commitment to fostering a positive, collaborative environment for its employees, ensuring both professional […]
What Does Optima Tax Relief Do?
Dealing with tax debt can be an overwhelming experience, especially when facing IRS collection actions such as wage garnishments, tax liens, or bank levies. Optima Tax Relief provides professional assistance to individuals struggling with tax issues, helping them find the best possible solutions to resolve their tax debt. With a team of experienced tax professionals, […]