Receiving a notice from the IRS can be overwhelming, especially if it’s unexpected. One such notice is IRS Notice CP23, which indicates that the IRS found a difference between the estimated tax payments you reported on your tax return and the payments […]
Tax Reporting for Crypto and Digital Assets
Cryptocurrency and other digital assets have become increasingly common, but their tax treatment can be more complicated than simply reporting how much money was deposited into or withdrawn from a crypto account. For federal tax purposes, the IRS generally treats digital assets […]
How to Stop an IRS Levy
Facing an IRS levy can feel overwhelming, especially when your wages, bank account, or other property is at risk. Because a levy involves actual seizure, not just a claim, it is one of the most serious actions the IRS can take. Fortunately, taxpayers have several options […]
October 15 Tax Deadline Explained: Everything Taxpayers Need to Know
For many taxpayers, October 15, 2026, is the final federal tax filing deadline for 2025 individual income tax returns that received a timely extension. The deadline gives eligible taxpayers additional time to submit their returns after the original April 15 deadline. However, […]
Optima Tax Relief Earns Ninth Consecutive Civic 50 Orange County Award
National Tax Resolution Firm Recognized for Continued Commitment to Volunteerism, Philanthropy and Community Impact Optima Tax Relief has once again been named a Civic 50 Orange County honoree, marking the company’s ninth consecutive recognition. Since the program launched in 2017, Optima has […]
Tax Breaks for First-Time Home Buyers
Buying a first home can be one of the largest financial decisions a person makes, and homeownership can also affect how much they owe at tax time. While there is no broad federal first-time home buyer tax credit currently available for new […]
IRS Audit and Appeals Lawyer Explained
An IRS audit is a review of a taxpayer’s return to determine whether the reported information is accurate and complies with tax laws. Receiving an audit notice does not necessarily mean a taxpayer made a mistake or will owe additional taxes. The […]
IRS Tax Compliance Report What It Shows and Why It Matters
Wondering what a Tax Compliance Report is and what it reveals about your tax history? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang explain how Tax Compliance Reports confirm whether you’ve filed returns and paid taxes on […]
What is the American Opportunity Credit (AOTC)?
The cost of higher education continues to rise, making it increasingly difficult for students and families to afford tuition and related expenses. Fortunately, the American Opportunity Tax Credit (AOTC) — also known as the American Opportunity Credit — offers financial relief by […]
2026 IRS Mileage Rates
The 2026 IRS mileage rates have been revised during the year, making them especially important for taxpayers who track vehicle expenses. The rates play an important role in how taxpayers calculate vehicle-related deductions. If you drive for business, medical care, charitable work, […]