Optima CEO David King and Lead Tax Attorney Philip Hwang explain the risks taxpayers face when handling a tax liability on their own, as well as the benefits of hiring a tax professional to help you when dealing with a revenue officer.
How Will the Inflation Reduction Act Affect Your Taxes?
Optima CEO David King and Lead Tax Attorney Philip Hwang explain how the Inflation Reduction Act can directly affect taxpayers and how to get compliant with the IRS.
What is IRS Penalty Relief and How Can I Qualify for it?
Optima CEO David King and Lead Tax Attorney Philip Hwang provide insight on what penalty relief is and how individuals can qualify for it.
What is Payroll Tax?
CEO David King and Lead Tax Attorney Philip Hwang provide helpful insight on what payroll tax is and how it can affect you.
Do You Qualify for IRS Penalty Relief?
Penalty abatements provide relief from IRS tax penalties. How do you know if you’re eligible? If you are looking to resolve your tax burden with the IRS, you may qualify for a penalty abatement. Optima CEO David King and Lead Tax Attorney […]
May 16 Filing Deadline for Tax-Exempt Organizations
The IRS shared a reminder for tax-exempt organizations that have a filing deadline of May 16, 2022. Filing is mandatory, so if you need more time, you should request an extension as soon as possible. Which Form should tax-exempt organizations file? Tax-exempt […]
What to do if You Missed the Tax Filing Deadline
The end of tax season was officially April 18, 2022, which means the IRS is diving into enforcements and catching up on notices. What should you do, and what should you expect if you missed the filing deadline? One-Time Penalty Relief For […]
IRS Unclaimed Tax Refunds
There were about 1.5 million taxpayers that didn’t file a return in 2018. The IRS announced that it has $1.5 billion in tax refunds from 2018 and gave taxpayers until the end of the season to claim their money. If you missed […]
Where is My Tax Refund?
The IRS backlog has caused delays in millions of tax refunds, but not all refunds are delayed due to the pandemic. Lead Tax Attorney Philip Hwang and CEO David King discuss how you can avoid refund delays when you file and how […]
President Biden’s Billionaire Income Tax Proposal
President Joe Biden has discussed a proposal that would target billionaires in his 2023 budget. The proposal calls for a new minimum tax, forwardly named the “Billionaire Minimum Income Tax.” What exactly is the Billionaire Minimum Income Tax? This tax would assess […]