Loading Tax News…
Loading Tax News…Page 19 of 92
Taxes & Your SavingsPublished on Jan 23, 2026
The Internal Revenue Service (IRS) is the federal agency responsible for administering and enforcing tax laws in the United States. Operating under the Department of the Treasury, the IRS plays a vital role in collecting taxes, processing tax returns, issuing refunds, and […]
Tax PlanningPublished on Jan 22, 2026
Many people believe that incarceration automatically removes a person’s obligation to file taxes. This assumption is understandable, but it is incorrect. The IRS does not exempt individuals from federal tax responsibilities simply because they are incarcerated. Instead, tax filing requirements depend on […]
IRS CollectionsPublished on Jan 21, 2026
Filing Schedule C is unavoidable for sole proprietors, freelancers, and gig workers—but it also places your tax return under closer IRS scrutiny. Because Schedule C relies heavily on self-reported income and deductions, even small mistakes can raise red flags. In fact, many IRS audits […]
Tax Relief SolutionsPublished on Jan 20, 2026
Ignoring IRS tax debt is rarely an intentional decision, but it is a common one. Many taxpayers delay action out of fear, confusion, or the belief that the IRS will not act quickly. Unfortunately, when you ignore IRS tax debt, the consequences […]
Press ReleasesPublished on Jan 19, 2026
Optima Tax Relief announced today that Philip Hwang, its Chief Tax Officer and Lead Tax Attorney, has been appointed National Chair of the Taxpayer Advocacy Panel (TAP) for 2026. TAP is a Federal Advisory Committee to the Internal Revenue Service (IRS), composed […]
Tax ReturnsPublished on Jan 18, 2026
Forgot to File Taxes for 3+ Years? Here’s What to Do Forgetting to file taxes for several years is far more common than most people are willing to admit. Changes in employment, self-employment income, financial hardship, divorce, illness, or simply not understanding filing […]
Ask Phil Video SeriesPublished on Jan 18, 2026
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, breaks down what you need to know to get ready for the 2026 tax season. The IRS has already started its “Get Ready” reminders, and being proactive now can help you […]
Tax Relief SolutionsPublished on Jan 15, 2026
The IRS requires most taxpayers to pay taxes throughout the year as income is earned, rather than waiting until a return is filed. When those payments fall short, the IRS may impose an underpayment penalty, even if the full tax bill is eventually […]
Tax PlanningPublished on Jan 14, 2026
As healthcare costs continue to rise, more taxpayers are looking for ways to manage medical expenses without undermining their long-term financial goals. One of the most effective yet often misunderstood tools available is the Health Savings Account (HSA). While HSAs are commonly […]
Tax and IRS NewsPublished on Jan 13, 2026
As the 2026 tax year approaches, taxpayers are beginning to plan for how inflation adjustments and legislative updates may affect their federal tax bills. Each year, the IRS updates tax brackets, standard deductions, and key thresholds to account for cost-of-living changes. In some years, […]
Free consultation
Schedule a free consultation with our tax professionals and take the first step toward resolving your tax issues.
