Understanding taxes begins with understanding taxable income. Whether you earn money from a traditional job, freelance work, investments, retirement accounts, or side hustles, the IRS may consider some or all of that income taxable. Knowing what counts as taxable income can help you file an accurate return, avoid penalties, and potentially lower the amount you owe. Many taxpayers assume […]
Optima Tax Relief Recognized by Newsweek as One of America’s Greatest Midsize Workplaces for 2026
Company Receives National Recognition for Inclusive Culture and Employee Support Initiatives Optima Tax Relief, the nation’s leading tax resolution firm, is proud to announce that it has been recognized by Newsweek in two prestigious 2026 workplace rankings. The company earned a 5-star rating on Newsweek’s America’s Greatest Midsize Workplaces for Culture, Belonging and Community 2026 […]
Optima Tax Relief’s Philip Hwang Discusses IRS Reform and the Future of Taxpayer Service on Federal News Network
Philip Hwang, Chief Tax Officer and Lead Tax Attorney at Optima Tax Relief, recently joined Federal News Network host Terry Gerton to discuss IRS reform, digital modernization, and the evolving taxpayer experience. Phil appeared in his role as National Chair of the Taxpayer Advocacy Panel (TAP), following the release of TAP’s 2025 Annual Report, which includes nearly […]
How to Choose the Best Tax Attorney for Your Situation
Tax problems can quickly become overwhelming, especially when the IRS begins sending notices, assessing penalties, or threatening collection actions. While some tax issues can be handled with the help of a CPA or enrolled agent, more serious matters often require legal representation. Choosing the best tax attorney for your situation can make a major difference in how […]
What is the Earned Income Tax Credit?
The Earned Income Tax Credit (EITC) is a significant tax benefit designed to support low- to moderate-income working individuals and families. Enacted in 1975, the EITC aims to reduce poverty by supplementing the earnings of those in lower-income brackets, encouraging work, and lessening the tax burden on eligible taxpayers. What is the Earned Income Tax […]
Ask Phil: What’s “on TAP” For Taxpayers?
Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, explains what’s “On TAP” for taxpayers this year—and no, he’s not talking about drinks. TAP stands for the Taxpayer Advocacy Panel, a Federal Advisory Committee to the Internal Revenue Service (IRS), that serves as the voice of taxpayers by providing recommendations to improve the IRS experience. This year, […]
How to File Taxes If Your Spouse or Dependent is Incarcerated
Filing taxes can be a complex process, and it becomes even more challenging when your spouse or dependent is incarcerated. In such situations, various considerations and adjustments must be made to ensure accurate and lawful tax filings. This article will guide you through the process, providing valuable information and tips on how to file taxes […]
Tax Help for Low-Income Individuals: IRS Programs and Options
Filing taxes can feel overwhelming, especially for individuals and families already managing tight budgets. Many taxpayers do not realize they may qualify for free tax preparation, IRS assistance programs, or valuable low-income tax credits that can significantly reduce their tax liability or increase their refund. The good news is that the IRS and several nonprofit organizations offer programs designed […]
What to Do If You Receive IRS Notice CP14 – Optima Tax Relief
Wondering what IRS Notice CP14 means and what you should do next? CEO David King and Chief Tax Officer & Lead Tax Attorney Philip Hwang break down why the IRS issues this first bill for unpaid taxes, what information it includes, and why ignoring it can quickly lead to penalties and interest. Learn how IRS […]
Why Is My Tax Refund So Low This Year?
If you opened your tax return expecting a large refund and instead saw a much smaller amount, you are not alone. One of the most common questions taxpayers ask each filing season is why their tax refund is so low this year, especially when their financial situation feels largely unchanged from the previous year. A lower-than-expected refund can feel frustrating, especially […]