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.
What is IRS Notice 1444 and will you need it for filing your 2021 taxes?
With the pandemic still ongoing and many Americans out of a job, the distribution of two stimulus checks has helped many individuals pay their bills. Now that it is tax filing time, tax filers should have received Notice 1444 in the mail from the IRS. This notice will be required when filing your taxes in […]
IRS Notices Explained
Receiving a notice from the IRS can be stressful and terrifying, especially if you don’t know what it means. Join Optima CEO David King and Lead Tax Attorney Philip Hwang as they dive into various IRS tax notices that a typical taxpayer could receive and show you how to look out for some common tax […]
Optima Newsletter – February 2021
Taxpayers can expect to receive a third stimulus check in addition to aid for individuals who are unemployed and facing eviction from their homes. The new Economic Rescue Package would also provide assistance to small businesses, states and local governments and will increase funding for vaccinations and testing. Read more First-Time Homebuyers may receive up […]
Haven’t received the latest stimulus check? Your questions answered.
Many taxpayers have questions surrounding their Economic Impact Payments (EIP). What to do if they haven’t received their latest stimulus check? Do they qualify to receive the full amount? How can they check the status of their payment? Optima CEO David King and Lead Tax Attorney Phillip Hwang provide answers to some of the most […]
Optima Newsletter – January 2021
The IRS and the Treasury Department have already begun to distribute a second round of stimulus checks to individuals. For those who opted for direct deposit, they can expect to receive their money very soon if they haven’t already. Taxpayers who are receiving their economic impact payment in check form, can expect to receive it […]
How to Claim a Domestic Partner as a Dependent
Every tax year, a large number of people are claimed as dependents on tax returns. Under certain circumstances, a dependent can be claimed if they are not related to you. Once someone is identified as a dependent and placed on your tax return, you’re essentially informing the IRS that you’re financially responsible for that person. […]