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 Actually 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, […]
How to Safeguard Against Tax Scams
Tax season brings heightened anxiety for many taxpayers, and scammers are ready to take advantage of that stress. Each year, thousands of individuals fall victim to tax-related scams, leading to financial loss and stolen personal information. The IRS continuously warns the public about these fraudulent activities, but criminals continue to evolve their tactics. Understanding how […]
Optima Newsletter – April 2025
When Does the IRS Pay Interest on Tax Refunds? The IRS typically processes tax refunds quickly, but in some cases, there can be delays. When these delays occur, taxpayers might wonder if they’re entitled to interest on their refund. The IRS does pay interest on tax refunds under specific circumstances. However, the rules governing when […]
Understanding the Tax Relief for American Families and Workers Act of 2024
The Tax Relief for American Families and Workers Act of 2024 was designed to provide financial relief to families, workers, and businesses. It aimed to expand tax credits, adjust eligibility rules, and introduce new incentives to support economic stability. While the bill passed in the House of Representatives in 2024, it did not pass in […]
Should I Amend My Tax Return?
Filing a tax return can be a complex process, and even the most diligent taxpayers sometimes make mistakes or overlook important details. Fortunately, the IRS allows individuals to correct errors by filing an amended tax return. However, amending a return is not always necessary or beneficial. Understanding when to amend, how to do so, and […]