Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation. The Earned Income Tax Credit (EITC) is known as a refundable tax credit that applies to low and moderate-income workers. For those who […]
Deducting Your Gambling Income & Losses
We all know the thrill of winning from gambling whether you’re an avid gambler or the occasional one. But did you know that all winnings are fully taxable? No matter how small your gambling winnings, they must be reported on your tax return. Gambling income includes- but not limited to- winnings from lotteries, keno, […]
Is there a Deduction Limit on Charitable Donations?
Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation. If you’re debating whether or not to donate to charity, it’s important to understand the tax benefits and tax-saving opportunities that could be available […]
What Does Voluntary Compliance Mean in Regard to Taxes?
The United States federal income tax system is operated under a system of voluntary compliance. This innocuous sounding term actually packs quite a potent punch – there is little that is voluntary about the federal tax system, at least where paying taxes is concerned. Many celebrities and ordinary citizens alike have learned this lesson the […]
What is the Difference Between Form 1099-Misc and 1099-K?
Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation. Being self-employed comes with a lot of benefits like being your own boss and making your own hours. Although there are a lot […]
Do You Need a Tax Relief Lawyer?
The IRS is always prepared, shouldn’t you be as well? Do you need a tax relief lawyer? Yes, absolutely. This is a blog for a tax relief company with a small army of tax lawyers, so that’s what we’re paid to say, right? Well, yes, but it doesn’t make it any less true. Benefits of […]
Is the IRS Really Calling Me?
Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation. During tax season, tax filers can expect to see an increase in fraudulent activity from scammers looking to make money quick. As a […]
You Received an IRS Notice, Now What?
Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation. For those that have already filed their taxes, they may think that tax season no longer affects them but that may not necessarily […]
What does it mean to get audited?
Back in the day, the word “audit” conjured up widespread fear and loathing. With an astonishing 5.6 percent of all Americans receiving that dreaded audit notice from the Internal Revenue Service in 1963, nearly everyone knew someone who had been subjected to a tax audit. The number of IRS audits has declined sharply since then, […]
How to Avoid Tax Fraud During Tax Season
Optima Tax Relief provides assistance to individuals struggling with unmanageable IRS tax burdens. To assess your tax situation and determine if you qualify for tax relief, contact us for a free consultation. Tax Season leaves many taxpayers vulnerable to identity theft and scammers. Scammers can pose as tax preparers and steal your personal information. Protect […]