The IRS can collect on any outstanding tax liabilities for up to ten years from the filing date – and in some cases even longer. Join Optima CEO David King and Lead Tax Attorney Philip Hwang as they review what you can expect if you find yourself with aging unpaid IRS tax debt and offer […]
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 […]
The IRS has Resumed its U.S. Passport Revocation Program
Optima CEO David King and Lead Tax Attorney Philip Hwang answer questions on how taxpayers can avoid getting their passport seized by the IRS. As of March 14, 2021, the IRS resumed their Passport Certification program, and in doing so has notified the Department of State about taxpayers that are certified as owing a seriously […]
What Happens If I Miss the Tax Deadline?
Failing to file your tax return before the tax deadline could result in the IRS filing on your behalf, and more often than not, the IRS will file a return that is unfavorable to you. Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on what to do if you receive […]
Can your unemployment benefits affect your 2020 taxes?
More than 40 million Americans received unemployment benefits for the tax year 2020, which means more people may receive a tax bill after filing their taxes. Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on what you can do to mitigate your tax situation.
The Complete Guide to Hiring a Tax Professional
Most people require assistance when it comes to preparing and filing a tax return. Some may even find themselves having to provide additional information to the IRS and do not know what it is or where to find it. Hiring a tax professional could save individuals both time and money when dealing with the IRS. […]
Are you eligible for the $1,400 stimulus check?
The recently passed American Rescue Plan means that millions of individuals will be receiving a third round of stimulus checks. Optima CEO David King and Lead Tax Attorney Philip Hwang answer questions about who is and who is not eligible to receive the most recent economic payment, as well as how to file an extension to […]
Optima Newsletter – March 2021
The newly passed $1.9 trillion Covid relief bill includes $1,400 stimulus checks that will be sent out to qualifying Americans who have been financially struggling due to the ongoing pandemic. However, individuals who have unpaid debts may be at risk of having their stimulus checks garnished. Read more What is IRS Notice 1444 and will […]
The Tax Deadline: filing extensions (for free!) and more
Optima CEO David King and Lead Tax Attorney Philip Hwang answer questions about the tax deadline. How to file a tax extension for free, which form to use when filing an extension, how to avoid costly penalties and interest, and how Optima can help.