Tag: Optima

Key Takeaways   Reasonable collection potential (RCP) is the IRS’s estimate of how much it can realistically collect from you using ...

Key Takeaways  A tax extension only gives you more time to file, not to pay, making it a common mistake on tax ...

Nation’s Leading Tax Resolution Firm Launches $0/Month Plan to Combat Rising IRS Fraud and Identity Theft  Optima Tax Relief is ...

Key Takeaways  Above-the-line deductions reduce your income before Adjusted Gross Income (AGI) is calculated, directly lowering taxable income and potentially ...

Key Takeaways:   Most inherited retirement accounts are taxable. Distributions from traditional IRAs and 401(k)s are taxed as ordinary income, while ...

Key Takeaways  The IRS mileage rate 2026 is 72.5¢ per mile for business, 20.5¢ per mile for medical and qualified ...

Customer-first approach earns continued recognition for service excellence  Optima Tax Relief, the nation’s leading tax resolution firm, has been honored ...

Key Takeaways  Understanding therapist tax deductions helps reduce taxable income and reinvest in your practice. Ordinary and necessary expenses, like ...

Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Philip Hwang, recently appeared on the Tax Notes podcast to ...

Key Takeaways   Schedule C returns face higher audit risk because income and deductions are self-reported, making even small errors easy ...