Today, Phil discusses what options you have if you cannot afford to do your taxes.  If you can’t afford to do your taxes, you can check to see if you’re eligible for free tax preparation. You can check out these two sites for more information.  IRS Free File  If you would like to file your […] The post Ask Phil: What If I Can’t Afford to Do My Taxes?  appeared first on Optima Tax Relief ..read more

Every year, millions of individuals and businesses face the intimidating task of paying their taxes. However, there are instances where meeting this financial obligation becomes challenging or even impossible. There are times when you might’ve asked yourself, “What if I can’t pay my taxes?” Whether due to unexpected expenses, changes in income, or other unforeseen […] The post What If I Can’t Pay My Taxes? appeared first on Optima Tax Relief ..read more

Today, Phil gives his top tips on how to avoid IRS levies and liens.   Tip #1: Don’t Owe the IRS  Avoiding owing the IRS begins with responsible financial management and proactive tax planning. First, maintain accurate records of all income and expenses throughout the year, ensuring you’re well-informed about your financial standing. Next, regularly review […] The post Ask Phil: Tips To Avoid Levies & Liens  appeared first on Optima Tax Relief ..read more

Amid growing concerns over climate change, the promotion of sustainable energy practices has become paramount. Governments worldwide are increasingly turning to policy measures to incentivize individuals and businesses to adopt renewable energy sources and reduce their carbon footprint. Among these measures, energy tax credits have emerged as a powerful tool to encourage investment in clean […] The post Can I Claim an Energy Tax Credit?  appeared first on Optima Tax Relief ..read more

Tax season can be a stressful time for many individuals, but for clergy members, it often comes with its own set of unique challenges and considerations. Whether you’re a minister, priest, rabbi, imam, or any other religious leader, understanding the intricacies of tax laws can help you maximize your deductions and ensure compliance with the […] The post Tax Guide for Clergy Members appeared first on Optima Tax Relief ..read more

IRS enforcement is back in full effect. In January 2024, the IRS began sending collections notices to individuals and businesses alike. Now they are also turning attention to high-earners who failed to file tax returns between 2017 and 2021. Optima CEO David King and Lead Tax Attorney Philip Hwang explain what new changes you can […] The post Are You a High-Income Non-Filer? Beware of IRS Collections in 2024 appeared first on Optima Tax Relief ..read more

When couples file joint tax returns, they often expect to share both the benefits and the burdens of taxation equally. However, situations can arise where one spouse’s debts or obligations lead to the entire tax refund being withheld to cover them. We’ve covered innocent spouse relief before. However, there is another type of tax relief […] The post What is Injured Spouse Relief? appeared first on Optima Tax Relief ..read more

Tax season is a time of anticipation for many individuals, with the hope of receiving a tax refund. However, the unfortunate reality is that tax refunds, like any valuable document, can be vulnerable to theft. If you find yourself in the distressing situation of having your tax refund stolen, it’s crucial to take swift action […] The post What To Do If Your Tax Refund is Stolen appeared first on Optima Tax Relief ..read more

After weeks or months of job seeking, you land your dream job — but it’s in a different state. The location of the job is close enough so that you can commute every day rather than move. However, you are still faced with the dilemma of where and how to pay state income taxes. Here’s […] The post Live Here, Work There. Where Do I Pay State Income Taxes?  appeared first on Optima Tax Relief ..read more

Tax debts can be a significant burden, causing stress and financial strain for individuals and businesses alike. Fortunately, the IRS offers various options to help taxpayers settle their debts, one of which is known as an Offer in Compromise (OIC). An Offer in Compromise is a valuable tool that allows eligible taxpayers to settle their […] The post What is an Offer in Compromise (OIC)? appeared first on Optima Tax Relief ..read more