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 […]
How long does the IRS have to collect on your unpaid tax liability?
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 […]
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.