10 Warning Signs of Tax Identity Theft You Shouldn’t Ignore Tax identity theft is one of the fastest-growing forms of fraud, and most victims don’t realize anything is wrong until the IRS rejects their tax return or sends a notice about income they never earned. Because scammers often strike early in the filing season, your […]
Optima Newsletter-November
What Happens If You Ignore IRS Collection Letters? The Worst Case Scenario If you’ve ever asked yourself, “can I ignore the IRS?”, you’re not alone. Many taxpayers feel overwhelmed by notices from the IRS and hope that ignoring them will make the problem disappear. Unfortunately, the reality is far more serious. Ignoring IRS collection letters […]
Optima Newsletter-October
Common IRS Penalties and How to Avoid Them Owing the IRS doesn’t just stop with your tax balance. If your tax obligations are not met, you could face penalties that can make your debt even more unmanageable. Understanding common IRS penalties and how to avoid them is essential for taxpayers to stay on the right […]
Optima Newsletter – September
Social Security Survivor Benefits and Taxes: What Widows Should Expect When a spouse passes away, it can feel like your world has been turned upside down. Beyond the emotional weight of grief, there are also significant financial considerations to manage. Among the most critical are Social Security survivor benefits. For many widows, these benefits offer […]
Optima Newsletter – August 2025
What You Need to Know About IRS Bank Levies When dealing with unpaid taxes, one of the most significant and immediate consequences can be an IRS bank levy. This powerful enforcement action allows the IRS to legally seize funds directly from your bank account to satisfy outstanding tax debts. Understanding how an IRS bank levy […]
Optima Newsletter – July 2025
How the IRS Calculates Interest on Tax Debt Understanding how the IRS calculates interest on tax debt can help you avoid financial surprises and make better decisions if you owe money to the government. Unlike penalties, IRS interest compounds daily and is tied to market-based rates that adjust quarterly. In this article, we’ll break down […]