The IRS has the authority to audit any tax return. Optima CEO David King and Lead Tax Attorney Philip Hwang explain what an audit is and help taxpayers understand what they can do to stay on the right side of the IRS. (One important tip: The IRS sends audit notices through the U.S. Postal Service. […]
Tax Help Videos
Received a Math Notice from the IRS? Here’s what to do.
The IRS sent out more than 5 million math error notices to individuals, many of them having to do with the economic impact payment issued in 2020 and 2021. Optima CEO David King and Lead Tax Attorney Philip Hwang help explain what this notice means and provide guidance on what to do if one is […]
What’s the difference between a Tax Lien and Levy?
If you’ve received a notice from the IRS, you could be at risk of having IRS action taken against you. Some of the most common tactics that are used by the IRS is filing a tax lien or levying an individual’s assets. Optima CEO David King and Lead Tax Attorney Philip Hwang help taxpayers understand the […]
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 […]
How long do you have to Claim your Tax Refund?
The IRS reported more than a billion dollars’ worth of unclaimed tax refunds last tax season. Optima CEO David King and Lead Tax Attorney Philip Hwang remind taxpayers that they have up to three years to claim their tax refunds with the IRS and review how they can receive the assets that are owed to […]