Optima Tax Relief https://optimataxrelief.com/ Tax Relief & Resolution - Trust the Experts at Optima Tax Relief Tue, 03 Sep 2024 17:03:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://optimataxrelief.com/wp-content/uploads/2023/10/cropped-favicon_512-1-1-32x32.png Optima Tax Relief https://optimataxrelief.com/ 32 32 Ask Phil: How Much Do Your Services Cost? https://optimataxrelief.com/blog/ask-phil-how-much-do-your-services-cost/ Fri, 30 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21034 Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses Optima Tax Relief’s services including their costs.   Our services depend on the complexity of each individual tax case. We use a two-step approach to find you the best possible tax resolution.  Step 1: Investigation  After a brief, free initial consultation, Optima conducts a thorough investigation […]

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]]> What is Schedule K-1?  https://optimataxrelief.com/blog/what-is-schedule-k-1-2/ Thu, 29 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21121 Schedule K-1 is a crucial tax form for anyone involved in partnerships, S corporations, or certain trusts and estates. Traditional tax forms, like the W-2 or 1099, report income directly to individual taxpayers. However, Schedule K-1 reports a taxpayer’s share of income, deductions, and credits from pass-through entities. Understanding how this form works and the […]

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]]> What is the FDCPA? https://optimataxrelief.com/blog/the-fair-debt-collection-practices-act-what-is-it-and-how-does-is-protect-taxpayers/ Wed, 28 Aug 2024 08:00:00 +0000 https://www.optimataxrelief.com/?p=10010 Being in debt is a stressful circumstance that collectors can often intensify with unfair practices. Therefore, the Fair Debt Collection Practices Act (FDCPA) prohibits companies from using such practices to collect debts from you. Here’s an overview of the FDCPA, including what it is, who it applies to, and its key provisions.   What is […]

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]]> How to Deal with an IRS Revenue Officer  https://optimataxrelief.com/blog/how-to-deal-with-an-irs-revenue-officer/ Tue, 27 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21111 Encountering an IRS revenue officer can be a stressful experience, especially if you’re unfamiliar with their role and the potential implications of their visit. Understanding how to deal with a revenue officer effectively can make a significant difference in the outcome of your situation. Here’s a comprehensive guide to help you navigate this challenging scenario.  […]

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]]> What You Need to Know About IRS Wage Levies  https://optimataxrelief.com/blog/what-you-need-to-know-about-irs-wage-levies/ Mon, 26 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21107 One of the most severe actions the IRS can take against you is issuing a wage levy. A wage levy allows the IRS to seize a portion of your paycheck directly from your employer, leaving you with a reduced income until your debt is paid off. Understanding how wage levies work, the process involved, and […]

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]]> Ask Phil: Can Optima Really Help Me?  https://optimataxrelief.com/blog/ask-phil-can-optima-really-help-me/ Fri, 23 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21031 Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses how Optima Tax Relief can help struggling taxpayers who owe.   If you’re a taxpayer who has tax debt and has explored tax relief options, odds are you’ve come across Optima Tax Relief’s services. Perhaps you heard a commercial on the radio or read client testimonials, […]

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]]> When Does the IRS Pay Interest on Tax Refunds?  https://optimataxrelief.com/blog/when-does-the-irs-pay-interest-on-tax-refunds/ Thu, 22 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21103 The IRS typically processes tax refunds quickly, but in some cases, there can be delays. When these delays occur, taxpayers might wonder if they’re entitled to interest on their refund. The IRS does pay interest on tax refunds under specific circumstances. However, the rules governing when and how much interest is paid can be complex.  […]

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]]> Can the IRS Take My Car?  https://optimataxrelief.com/blog/can-the-irs-take-my-car/ Wed, 21 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21085 When it comes to unpaid taxes, the IRS has powerful tools at its disposal to collect the debt. Among these tools is the ability to seize your assets, including your car. But under what circumstances can the IRS actually take your vehicle, and what can you do to protect yourself? Here’s what you need to […]

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]]> Tax Implications of Class Action Settlements https://optimataxrelief.com/blog/tax-implications-of-class-action-settlements/ Tue, 20 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21081 Did you receive a settlement for a class action or personal injury lawsuit? If you have, you could face major tax implications with the IRS. CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on how to avoid any tax time surprises and how you can navigate dealing with the IRS if […]

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]]> The Difference Between an IRS Revenue Officer and a Revenue Agent  https://optimataxrelief.com/blog/the-difference-between-a-revenue-officer-and-a-revenue-agent/ Mon, 19 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21092 The IRS plays a critical role in ensuring that taxpayers comply with U.S. tax laws. Within the IRS, various professionals are tasked with different responsibilities, including revenue officers and revenue agents. While these roles may sound similar, they have distinct functions and purposes within the IRS. Understanding the difference between an IRS revenue officer and […]

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