Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, shares what a federal tax lien is and what steps you can take if the IRS has already filed one against your home. Option One: Pay Your Balance in Full […]
Ask Phil: The “New IRS”
Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, unpacks the meaning behind the term “New IRS,” and what it means if you owe back taxes. What Is the “New IRS”? The phrase “New IRS” refers to the agency’s […]
Ask Phil: Missed Your Tax Deadline?
Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, shares what to do if you missed the tax deadline and how to avoid making things worse. Step One: Pay What You Can If you missed the deadline but have […]
Ask Phil: Are Student Loan Collections Back?
Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, discusses what’s happening with student loan collections and what it means if you’ve defaulted on yours. Yes, Student Loan Collections Are Back After years of pauses and extensions, federal student […]
Ask Phil: What does EITC stand for?
Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, explains one of the most valuable tax breaks for low- to moderate-income earners: the EITC. What Is the EITC? EITC stands for the Earned Income Tax Credit. It’s a refundable […]
Ask Phil: Is the IRS Shutting Down?
Today, Optima Tax Relief Lead Tax Attorney, Phil, addresses the trending myth: Is the IRS shutting down? The short answer: no, it’s not. Why the IRS Isn’t Going Anywhere Recently, talk of the IRS shutting down has picked up steam, especially online. […]
I Resolved My Account with the IRS. Now What?
Today, Optima Tax Relief Lead Tax Attorney, Phil, answers a common question we hear from clients: “I resolved my account with the IRS. Now what?” What It Means to Resolve Your Tax Account First, congratulations! Resolving your tax account is a big […]
Ask Phil: Important IRS Online Account Updates
Today, Optima Tax Relief Lead Tax Attorney, Phil, is breaking down why every taxpayer should create an IRS online account, especially heading into tax season. Why Create an IRS Online Account An IRS online account gives you secure access to your tax […]
Ask Phil: How Do Natural Disasters Affect My Taxes?
Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses what tax relief options are available to taxpayers affected by the natural disasters, like the Southern California wildfires and East Coast hurricanes. Casualty Losses Casualty losses are financial losses from unexpected events […]
Ask Phil: What’s on Phil’s 2025 Tax Radar?
Today, Optima Tax Relief Lead Tax Attorney, Phil, sheds light on the top things on his 2025 tax radar. Here’s what to watch out for this tax filing season. Form 1099-K Taxpayers should keep an eye out for Form 1099-K this year, […]