The Earned Income Tax Credit (EITC) is a significant tax benefit designed to support low- to moderate-income working individuals and families. Enacted in 1975, the EITC aims to reduce poverty by supplementing the earnings of those in lower-income brackets, encouraging work, and lessening the tax burden on eligible taxpayers. What is the Earned Income Tax […]
Ask Phil: What’s “on TAP” For Taxpayers?
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, explains what’s “On TAP” for taxpayers this year—and no, he’s not talking about drinks. TAP stands for the Taxpayer Advocacy Panel, a Federal Advisory Committee to the Internal Revenue Service (IRS), that serves as the voice of taxpayers by providing recommendations to improve the IRS experience. This year, […]
How to File Taxes If Your Spouse or Dependent is Incarcerated
Filing taxes can be a complex process, and it becomes even more challenging when your spouse or dependent is incarcerated. In such situations, various considerations and adjustments must be made to ensure accurate and lawful tax filings. This article will guide you through the process, providing valuable information and tips on how to file taxes […]
Tax Help for Low-Income Individuals: IRS Programs and Options
Filing taxes can feel overwhelming, especially for individuals and families already managing tight budgets. Many taxpayers do not realize they may qualify for free tax preparation, IRS assistance programs, or valuable low-income tax credits that can significantly reduce their tax liability or increase their refund. The good news is that the IRS and several nonprofit organizations offer programs designed […]
What to Do If You Receive IRS Notice CP14 – Optima Tax Relief
Wondering what IRS Notice CP14 means and what you should do next? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang break down why the IRS issues this first bill for unpaid taxes, what information it includes, and why ignoring it can quickly lead to penalties and interest. Learn how IRS […]
Why Is My Tax Refund So Low This Year?
If you opened your tax return expecting a large refund and instead saw a much smaller amount, you are not alone. One of the most common questions taxpayers ask each filing season is why their tax refund is so low this year, especially when their financial situation feels largely unchanged from the previous year. A lower-than-expected refund can feel frustrating, especially […]
Ask Phil: 3 Common Tax Habits a Tax Attorney Avoids
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, shares three things he would never do as a taxpayer-and one thing he always makes sure to do every tax season. Don’t Trust Guaranteed Refund Promises If you’re hiring someone to prepare your taxes, it’s important to avoid anyone who guarantees the biggest refund. No legitimate tax professional can […]
Ask Phil: How a CP2000 Notice Can Delay Your IRS Tax Resolution
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, shares his least favorite IRS notice—and surprisingly, it’s not the final levy notice many taxpayers fear. Instead, it’s the CP2000 notice. What Is a CP2000 Notice? A CP2000 notice is sent when the IRS believes you failed to report all of your income on your tax return. This usually happens when the income reported […]
Tax Identity Theft Protection: What It Is and Why You Need It in 2026
Tax identity theft protection has become one of the most important parts of financial security heading into the 2026 tax season. As cybercriminals become more sophisticated, taxpayers are facing increased risks from phishing scams, data breaches, fraudulent tax filings, and stolen Social Security numbers. In many cases, victims do not realize their information has been compromised […]
Tax Relief Companies: What to Look for Before You Sign
If you’re dealing with IRS tax burden, penalties, or escalating notices, you’re far from alone. Each year, millions of taxpayers explore their options and turn to tax relief companies for help navigating what can feel like an overwhelming system. These companies often position themselves as experts who can negotiate with the IRS, reduce your overall liability, and help you regain control of your […]