Tax Help Videos

IRS Enforcement is Back! What You Need to Know

On today’s episode of The Tax Show for People Who Owe, CEO David King highlights the difficulties of dealing with IRS Enforcement; otherwise known as Collections. Optima’s Lead Tax Attorney, Philip Hwang, shares his insight and offers “Tax Pro Tips” ranging from IRS authority, to what you can expect when you’re subjected to IRS collection actions. Tune in to learn what you should do if you’re facing a levy or awaiting an inevitable call from the IRS.

Got an IRS Notice? Get a FREE Risk Review with our Optima® TAX APP with Notice Analyzer

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How to Deal with a Revenue Officer

Optima in-house Revenue Officer expert and Enrolled Agent Rosie Steele returns to The Tax Show to continue the RO discussion with CEO David King. You may have been assigned one, or you might be expecting to hear from one if you owe a large sum to the IRS. What is the role of an RO, and how much do they affect your tax case? Rosie and David will tell you everything you need to know about dealing with a Revenue Officer.

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What is an IRS Revenue Officer?

Revenue Officers deal with the most advanced tax collection cases that the IRS has on file. If you owe a large sum of money to the IRS, you could potentially have a Revenue Officer assigned to you. Optima CEO David King and in-house Revenue Officer expert and Enrolled Agent, Rosie Steele, provide helpful tips on what individuals can do if they have been assigned a Revenue Officer.

Got an IRS Notice? Get a FREE Risk Review with our Optima® TAX APP with Notice Analyzer

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IRS Audits: Tips for Staying on the IRS’s Good Side

The IRS has the authority to audit any tax return. Optima CEO David King and Lead Tax Attorney Philip Hwang explain what an audit is and help taxpayers understand what they can do to stay on the right side of the IRS. (One important tip: The IRS sends audit notices through the U.S. Postal Service. “Audit notices” coming to you over the phone or email can safely be considered a scam.)

Confused or scared by an IRS notice? Download the Optima®TAX APP and easily understand the severity of your tax situation.

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Received a Math Notice from the IRS? Here’s what to do.

The IRS sent out more than 5 million math error notices to individuals, many of them having to do with the economic impact payment issued in 2020 and 2021. Optima CEO David King and Lead Tax Attorney Philip Hwang help explain what this notice means and provide guidance on what to do if one is received in the mail.

Got an IRS Notice? Get a FREE Risk Review with our Optima® TAX APP with Notice Analyzer

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What’s the difference between a Tax Lien and Levy?

If you’ve received a notice from the IRS, you could be at risk of having IRS action taken against you. Some of the most common tactics that are used by the IRS is filing a tax lien or levying an individual’s assets. Optima CEO David King and Lead Tax Attorney Philip Hwang help taxpayers understand the difference between a lien and levy and how to stay on the IRS’ good side.   

Confused or scared by an IRS notice? Download the Optima®TAX APP and easily understand the severity of your tax situation.

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Can you Stop a Tax Lien?

Individuals who fail to file their tax returns or pay off their tax liability with the IRS are at risk of having a federal tax lien filed against them. Optima CEO David King and Lead Tax Attorney Philip Hwang discuss options a taxpayer has in order to mitigate the impact of a tax lien being filed by the IRS.

Got an IRS Notice? Get a FREE Risk Review with our Optima® TAX APP with Notice Analyzer

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What is a Federal Tax Lien?

Owing a tax balance with the IRS could mean that a federal tax lien has been filed against you and any assets or property that you have. Optima CEO David King and Lead Tax Attorney Philip Hwang discuss how a federal tax lien can directly impact an individual and what they need to do in order to resolve their tax liability.

Confused or scared by an IRS notice? Download the Optima®TAX APP and easily understand the severity of your tax situation.

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How long do you have to Claim your Tax Refund?

The IRS reported more than a billion dollars’ worth of unclaimed tax refunds last tax season. Optima CEO David King and Lead Tax Attorney Philip Hwang remind taxpayers that they have up to three years to claim their tax refunds with the IRS and review how they can receive the assets that are owed to them.

Got an IRS Notice? Get a FREE Risk Review with our Optima® TAX APP with Notice Analyzer

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How long does the IRS have to collect on your unpaid tax debt?

The IRS can collect on any outstanding tax liabilities for up to ten years from the filing date – and in some cases even longer. Join Optima CEO David King and Lead Tax Attorney Philip Hwang as they review what you can expect if you find yourself with aging unpaid IRS tax debt and offer tips on what you should do next.

Received an IRS notice? Download our free Optima® TAX APP to get your IRS notice analyzed today.

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