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IRS Collections are Resuming: Are You Prepared?

The new year has brought both good and not so good news from the IRS. The IRS has resumed sending out collections notices to taxpayers who owe. On the other hand, they’re providing $1 billion in penalty relief to nearly 5 million 2020 and 2021 tax returns. Optima CEO, David King, and Lead Tax Attorney, Philip Hwang, provide helpful advice on who qualifies for penalty relief, how much you can expect to get back and how the IRS will notify you if you qualify for this type of relief.

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IRS Ends Surprise Visits from Revenue Officers

The IRS recently announced it is ending its longstanding practice of surprise in-person visits to taxpayers. Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful insight on what communication you can expect to receive from a Revenue Officer moving forward and what you can do to resolve your tax burden with the IRS.

Optima’s Visit with The IRS – 5,000 New Agents, Strategic Operating Plan, & more.

Optima CEO David King and Lead Tax Attorney Philip Hwang are back from their trip to Washington D.C., where they met with members of Congress and the IRS’s new leadership to discuss what’s new in the tax world. Here is Phil and David’s recap of that meeting, including the IRS’s Strategic Operating Plan, 5,000 new customer service agents, the changes the agency’s new commissioner has already implemented and what you as a taxpayer can expect moving forward.

Are You At Risk of IRS Audits and Collections?

The Inflation Reduction Act of 2022 has equipped the IRS with more than $80 billion in funding. That means more audits and more enforcement. CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on what you can expect from the IRS moving forward and how you can resolve your tax burden.