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Don’t get Taxed twice when making Non-Deductible IRA Contributions

Individuals that earned income throughout the tax year have the option to make non-deductible (after-tax) contributions to an IRA and benefit from tax-deferred growth. One of the most common risks that taxpayers take is paying additional taxes when withdrawing their money from their retirement accounts. Before making after-tax contributions to a traditional IRA, it is […]

Can you Stop a Tax Lien?

Individuals who fail to file their tax returns or pay off their tax liability with the IRS are at risk of having a federal tax lien filed against them. Optima CEO David King and Lead Tax Attorney Philip Hwang discuss options a taxpayer has in order to mitigate the impact of a tax lien being filed […]

What is a Federal Tax Lien?

Owing a tax balance with the IRS could mean that a federal tax lien has been filed against you and any assets or property that you have. Optima CEO David King and Lead Tax Attorney Philip Hwang discuss how a federal tax lien can directly impact an individual and what they need to do in […]

Tips for Hiring a Tax Resolution Firm

IRS issues can be complicated to solve on your own. Understandably, many people look to find a professional tax firm for help.  But some tax companies are better qualified than others. Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on how to find a truly qualified tax firm and some […]

Optima Newsletter – May 2021

The recently passed $1.9 trillion American Rescue Plan allows qualifying taxpayers who received unemployment during the 2020 tax year to have the first $10,200 of those benefits exempt from their federal income taxes.  Read more The IRS has Resumed its U.S. Passport Revocation Program The IRS recently announced that they are resuming their Passport Revocation […]