When it comes to IRS collection efforts, few actions feel more intrusive than a bank account levy. If you share a bank account with a spouse who owes tax debt, it’s only natural to worry: Can the IRS levy a joint bank account? The answer is more complex than a simple yes or no. While […]
What is the IRS Fresh Start Program?
A new year could mean a financial fresh start. The IRS Fresh Start program was created to help struggling taxpayers and small businesses. In 2023, taxpayers are still asking how the program works. Here are some key details about the program. The History of the Fresh Start Program The Fresh Start Initiative was established in 2011 […]
Optima’s “Tax Show for People Who Owe” Builds Momentum as Go-to Resource for Taxpayers Facing IRS Debt
Now in its fourth year, the bi-weekly YouTube series offers honest, engaging insights into IRS processes, tax debt solutions, and what struggling taxpayers need to know The Tax Show for People Who Owe, a popular video series produced by Optima Tax Relief, the nation’s leading tax firm, continues to gain traction among taxpayers looking for clarity, […]
IRS Direct File: Recent News
Tax season can be a daunting time for many Americans. The IRS hopes to ease taxpayer stress with its new free tax filing pilot program, Direct File. This initiative aims to simplify the tax-filing process and make it more accessible for all taxpayers. In this article, we will explore the key features of the program […]
Beyond Tax Relief: Optima Tax Relief Builds Stronger Communities Through Service
Empowering employees and partnering locally to create lasting community impact Optima Tax Relief, the nation’s leading tax resolution firm, continues to raise the bar for corporate citizenship through its company-wide initiative, Optima Cares. The program unites employees, leaders, and local partners around a shared mission: to uplift and support underserved communities through compassion, education, and […]
Does Overtime Get Taxed More? How Your Extra Earnings Are Treated
Overtime pay is an integral part of many workers’ compensation packages, offering earnings for putting in extra hours beyond the standard workweek. While employees may appreciate the boost to their paychecks, questions often arise about how overtime earnings are taxed. Understanding the tax treatment of overtime pay is essential for managing your finances and avoiding […]
How Local Sales Tax Impacts Your Online Business
Key Takeaways: Local sales tax laws are some of the most confusing (but crucial) items for online business owners to understand. As e-commerce continues to boom, states and local governments are getting increasingly aggressive in enforcing tax collection from remote sellers. If you’re an online entrepreneur, understanding how local sales tax impacts your online business isn’t […]
Optima Tax Relief Launches Comprehensive Disaster Tax Relief Guide to Help Taxpayers Navigate IRS Changes
Leading Tax Firm Empowers Disaster-Affected Taxpayers With Expert-Reviewed Relief Insights Optima Tax Relief, the nation’s leading provider of tax resolution services, has announced the launch of its new Disaster Tax Relief Guide to help taxpayers better understand and access the tax relief options available to them during federally declared disasters. This new digital guide aims […]
IRS Tax Liens & Your Property: What You Need to Know Before It’s Too Late
Do you owe the IRS? If so, you could be at risk of a federal tax lien—a public claim on your property, assets, and financial future. CEO David King and Tax Attorney Philip Hwang break down what a lien means, how to resolve your tax balance, and why waiting to act could cost you everything. […]
Back Taxes and Divorce: Who Pays What?
Divorce often accompanies financial complications, and one of the most overlooked but critical issues is back taxes. Many divorcing couples are surprised to learn how complex and persistent IRS debt can be, especially when it’s tied to years of joint tax filings. The question of who pays what isn’t always as simple as looking at […]