Therapists spend years mastering clinical skills, yet most receive little training in tax strategy. That gap can cost thousands of dollars annually and create unnecessary financial stress. Understanding tax deductions for therapists is not about aggressive tactics or loopholes. It is about applying the tax code correctly, so you are taxed on profit rather than total revenue. When therapists […]
How to Track and Deduct Business Use of a Personal Vehicle
When you use your personal vehicle for work-related purposes, you may be eligible to deduct certain expenses from your taxes. But understanding how to properly track and deduct business use of a personal vehicle can save you time, money, and frustration. In this guide, we break down everything you need to know about choosing the […]
What Does Optima Tax Relief Actually Do?
Dealing with a tax liability 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 bill. With a team of experienced tax […]
Optima Tax Relief’s Philip Hwang Headlines Tax Notes Podcast Ahead of 2026 Filing Season
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Philip Hwang, recently appeared on the Tax Notes podcast to discuss what taxpayers can expect during the 2026 tax filing season. As the newest national chair of the Taxpayer Advocacy Panel (TAP), Phil shared how the panel brings real-world taxpayer feedback to the IRS to help improve […]
2026 Tax Season Trends Part 2: What to Expect for Owed Taxes and Offer in Compromise – Optima Tax Relief
Wondering what the 2026 tax season will look like? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang share their insights, diving into trends around taxpayers who owe, total balances owed, and the future of Offer in Compromise filings and approvals. If You Need Tax Help, Contact Us Today for a […]
What Is IRS Automated Collection System (ACS)?
When taxpayers fall behind on federal taxes, the IRS doesn’t immediately assign an agent to seize assets or make in-person visits. Instead, most delinquent accounts are first routed through a centralized enforcement program known as the IRS Automated Collection System, commonly referred to as ACS. This system is the backbone of IRS civil tax collection and is responsible for managing millions of […]
Tax Tips for Etsy Sellers
Selling on Etsy can be a rewarding venture, whether you’re crafting handmade jewelry, vintage finds, or unique digital downloads. However, as an Etsy seller, it’s essential to understand the tax implications of your business to ensure compliance and maximize your earnings. Here are some crucial tax tips to help you navigate-taxes as an Etsy seller. […]
What is the IRS?
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 ensuring compliance with tax obligations. Understanding how the IRS functions is essential for […]
Are Incarcerated Individuals Required to File Taxes?
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 income, filing status, and the specific tax year in question, just as they […]
Schedule C Mistakes That Trigger IRS Audits
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 involving Schedule C returns stem from common mistakes on Schedule C, not intentional […]