Optima Tax | The Tax Show For People Who Owe

With tax season already underway, here’s what you need to know about new IRS programs and filing options available to you, as well as some red flags to look out for when hiring a tax preparer. Optima CEO David King and Lead Tax Attorney Philip Hwang provide a comprehensive guide for the 2024 tax season and show you how you can get the most when filing your tax return. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/home And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

The IRS recently announced that it will be providing $1 billion in penalty relief for the roughly 4.7 million taxpayers who were not sent automated collection reminder notices during the pandemic. Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful advice on who qualifies for penalty relief, how much you can expect to get back and how the IRS will notify you if you qualify for this type of relief. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax

Does your business qualify for the Employee Retention Credit (ERC)? The IRS recently announced an increase in ERC scams and identified red flags business owners need to be on the lookout for before applying. Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful guidance on how to navigate the ERC application process to help protect your business and your sensitive tax information! Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax

The IRS will no longer do unannounced visits to taxpayer’s homes but that doesn’t mean you’re off the hook when it comes to your tax liability! Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful insight on what communication you can expect to receive from a Revenue Officer moving forward and what you can do to resolve your tax burden with the IRS. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax

Have you claimed your tax refund? The IRS recently announced that they have over $1.5 billion in unclaimed tax refunds that are about to expire! Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on how to find out if you’re eligible for a tax refund and how to claim it before time runs out. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax

Optima CEO David King and Lead Tax Attorney Philip Hwang are back from their trip to Washington D.C., where they met with members of Congress and the IRS’s new leadership to discuss what’s new in the tax world. See what Phil and David have to say about the IRS’s Strategic Operating Plan, 5,000 new customer service agents, the changes the agency’s new commissioner has already implemented and what you as a taxpayer can expect moving forward. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax

The IRS recently received more than $80 billion in funding. If you owe a tax balance with the IRS or failed to remain compliant, you could end up being audited by the IRS. CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on what you can expect from the IRS moving forward and how you can resolve your tax burden! Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Have you filed your taxes yet? If you failed to file before the tax deadline, you could get a smaller refund or even end up owing a larger tax balance. CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on how to avoid owing penalties, interest and staying out of collections with the IRS. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Did you know that the IRS can assign your account to a private collection agency (PCA)? If you owe a tax liability, you could be contacted by a PCA on the IRS’s behalf. CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on what collection agencies you can trust, how PCAs will notify you of your tax balance and what you can do to resolve your tax burden. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Did you know that not all types of income are taxable? Depending on your source(s) of income, you could be exempt from paying taxes. CEO David King and Lead Tax Attorney Philip Hwang discuss different kinds of income that may or may not get taxed and provide insight on how you can find out if your income is taxable or not. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

The IRS recently announced that there has been an increase in tax-related scams. This means your personal financial information could be at risk of being stolen! CEO David King and Lead Tax Attorney Philip Hwang provide helpful insight on what tax scams you should be on the lookout for and how you can avoid them in the future. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

#Divorce. Can it impact your tax liability? You could be taking on your ex-spouse’s #taxburden. CEO David King and Lead Tax Attorney Philip Hwang discuss how you should file your #taxes if you’re married, as well as how you can end up with a tax balance after a divorce - and what you can do about it. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Have you filed and paid your taxes yet? With the recent passing of The Inflation Reduction Act, you can now expect the IRS to increase collection enforcement. Optima CEO David King and Lead Tax Attorney Philip Hwang explain how the Inflation Reduction Act can directly affect you and how you can get compliant with the IRS. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Are you overwhelmed by your tax burden? Don’t wait for the IRS to take action against you! Optima CEO David King and Lead Tax Attorney Philip Hwang explain the risks of handling your tax liability on your own and why it could be beneficial to hire a professional to help assist with your tax debt when you’re dealing with a revenue officer. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Did you know you could qualify for penalty relief on your owed taxes? The IRS recently announced that it will be providing some assistance to struggling individuals with a tax burden. Optima CEO David King and Lead Tax Attorney Philip Hwang provide insight on what penalty relief is and how you can qualify for it. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

If you have unpaid payroll tax debts with the IRS, you could be getting a knock on the door from a revenue officer! Optima CEO David King and Lead Tax Attorney Philip Hwang explain what payroll taxes is and what possible options taxpayers have to resolve their unpaid debts. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Did you file a tax extension with the IRS? This year, more than 19 million taxpayers have yet to file their tax return and it could lead to severe consequences. Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful advice on how you can file your taxes and what you can do to pay back your tax liability. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Did you know you could face tax implications if you invest in NFTs? If you’re looking to buy or sell your NFTs you may end up with a tax liability. Optima CEO David King and Lead Tax Attorney Philip Hwang explain what an NFT is and how to avoid owing a tax burden with the IRS. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Are you unable to afford a payment agreement with the IRS? The IRS offers several hardship options for taxpayers that are struggling to make their monthly payments. Optima CEO David King and Lead Tax Attorney Philip Hwang provide insight on who might qualify and what options may be available to you. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Did you know that you could face tax implications if you own cryptocurrencies (crypto)? If you own, trade, or sell crypto, it could affect the way that you file your tax return and even cause you to owe a tax liability with the IRS! Optima CEO David King and Lead Tax Attorney Philip Hwang explain what crypto is and how to report it on your tax return in order to avoid owing the IRS. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief/ Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Can the IRS seize your retirement income? If you owe a tax balance to the IRS, you may be at risk of having your Social Security benefits garnished or even having your bank account levied! Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful recommendations on what you can do to avoid the IRS getting their hands on your money and how you can get compliant with the IRS. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Can inflation impact your tax debt? If you owe a tax balance to the IRS, your interest rate and penalties could increase - causing you to owe an even bigger tax liability! Optima CEO David King and Lead Tax Attorney Philip Hwang explain how inflation can affect your taxes and provide solutions to help resolve your tax burden! Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Are you eligible for penalty relief with the IRS? 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 Philip Hwang provide helpful tips on how to get compliant with the IRS and how you can qualify for penalty relief. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Are you still waiting to receive your tax refund from the IRS? If you’re trying to find out the status of your tax refund or want to know why it’s delayed, you may be surprised at what may be holding it up! Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on what you need to do in order to get your tax refund. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!

Do you owe a tax balance after filing your taxes? If you’re unable to pay your tax liability in full, the IRS does offer options to help you pay down your tax debt. Optima CEO David King and Lead Tax Attorney Philip Hwang discuss possible installment agreement options that can help you stay out of collections with the IRS. Find us on social media: Facebook: https://www.facebook.com/OptimaTaxRelief Twitter: https://twitter.com/OptimaTax And don’t forget to subscribe to see the latest from Optima Tax Relief, first!