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Loading Tax News…Tax and IRS NewsPublished on May 17, 2026
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 […]
Tax and IRS NewsPublished on Apr 7, 2026
As the tax filing deadline draws near, a growing threat is quietly impacting taxpayers across the country: tax identity theft. It’s a problem that often goes unnoticed until it’s too late—and resolving it can be a long and frustrating process. Recently, our CEO, David King, spoke with ABC7 about what’s happening on the front lines. […]
Tax and IRS NewsPublished on Apr 2, 2026
The Internal Revenue Service (IRS) has announced that interest rates will decrease for the second quarter of 2026, beginning April 1. These rates, effective through June 30, 2026, are an important factor for both individual and corporate taxpayers when managing tax obligations […]
Tax and IRS NewsPublished on Feb 6, 2026
IRS phishing emails remain one of the most widespread threats to taxpayers, and they continue to grow more sophisticated each year. As more tax services move online, scammers have found new ways to impersonate the Internal Revenue Service and trick people into sharing personal […]
Tax and IRS NewsPublished on Jan 27, 2026
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Philip Hwang, recently appeared on the Tax Notes podcast to discuss what taxpayers can expect during the 2026 tax filing season. As the newest national chair of the Taxpayer Advocacy Panel (TAP), Phil shared […]
Tax and IRS NewsPublished on Jan 13, 2026
As the 2026 tax year approaches, taxpayers are beginning to plan for how inflation adjustments and legislative updates may affect their federal tax bills. Each year, the IRS updates tax brackets, standard deductions, and key thresholds to account for cost-of-living changes. In some years, […]
Tax and IRS NewsPublished on Dec 21, 2025
The 2026 tax year brings a mix of inflation-based adjustments and structural reforms that will affect how much many Americans owe or save when they file their returns in 2027. Driven largely by routine IRS indexing and major provisions from the One Big Beautiful […]
Tax and IRS NewsPublished on Dec 9, 2025
The Internal Revenue Service (IRS) has announced that interest rates will remain unchanged for the first quarter of 2026, beginning January 1. These rates, effective through March 31, 2026, are a key factor for both individual and corporate taxpayers in managing their […]
Tax and IRS NewsPublished on Oct 29, 2025
Tax scams are evolving fast, and cybercriminals have found new ways to exploit fear, urgency, and trust. One of the latest threats making the rounds involves fake IRS emails with the subject line “Notification of IRS Audit & Investigation.” These emails look […]
Tax and IRS NewsPublished on Oct 10, 2025
The IRS will enforce new reporting thresholds for 1099-K forms starting in 2025 under the One Big Beautiful Bill Act (OBBBA). The changes will impact gig workers, freelancers, and small business owners, particularly those operating in the gig economy or e-commerce. Understanding […]
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