Retirement planning rules have changed significantly in recent years, and one of the biggest updates is the SECURE 2.0 Act. Signed into law in late 2022 as part of the Consolidated Appropriations Act, the legislation introduced dozens of retirement-related provisions designed to help Americans save more, delay taxable withdrawals, and expand access to workplace retirement […]
Tax Relief Services or DIY Tax Relief: What’s Better?
Dealing with IRS liability can quickly become stressful, especially when penalties and interest continue to increase over time. Whether you owe a few thousand dollars or are facing serious collection actions like wage garnishments or tax liens, many taxpayers eventually ask the same question: should you handle your tax problems yourself or hire professional tax relief services? The answer […]
What Is Taxable Income? A Beginner’s Guide
Understanding taxes begins with understanding taxable income. Whether you earn money from a traditional job, freelance work, investments, retirement accounts, or side hustles, the IRS may consider some or all of that income taxable. Knowing what counts as taxable income can help you file an accurate return, avoid penalties, and potentially lower the amount you owe. Many taxpayers assume […]
Optima Tax Relief Recognized by Newsweek as One of America’s Greatest Midsize Workplaces for 2026
Company Receives National Recognition for Inclusive Culture and Employee Support Initiatives Optima Tax Relief, the nation’s leading tax resolution firm, is proud to announce that it has been recognized by Newsweek in two prestigious 2026 workplace rankings. The company earned a 5-star rating on Newsweek’s America’s Greatest Midsize Workplaces for Culture, Belonging and Community 2026 […]
Optima Tax Relief’s Philip Hwang Discusses IRS Reform and the Future of Taxpayer Service on Federal News Network
Philip Hwang, Chief Tax Officer and Lead Tax Attorney at Optima Tax Relief, recently joined Federal News Network host Terry Gerton to discuss IRS reform, digital modernization, and the evolving taxpayer experience. Phil appeared in his role as National Chair of the Taxpayer Advocacy Panel (TAP), following the release of TAP’s 2025 Annual Report, which includes nearly […]
How to Choose the Best Tax Attorney for Your Situation
Tax problems can quickly become overwhelming, especially when the IRS begins sending notices, assessing penalties, or threatening collection actions. While some tax issues can be handled with the help of a CPA or enrolled agent, more serious matters often require legal representation. Choosing the best tax attorney for your situation can make a major difference in how […]
What is the Earned Income Tax Credit?
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 […]