Tag: Optima

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 ...

Optima Tax Relief announced today that Philip Hwang, its Chief Tax Officer and Lead Tax Attorney, has been appointed National ...

Key Takeaways  Form 1099-B reports proceeds from the sale or exchange of investment property, including stocks, mutual funds, ETFs, bonds, options, and ...

Key Takeaways  The Big Beautiful Bill creates a temporary federal income tax deduction for qualified tip income, effective January 1, ...

Key Takeaways   Accessing your 401(k) to pay IRS tax debt is possible, but early withdrawals typically trigger income taxes and ...

Key Takeaways  U.S. citizens and resident aliens must file taxes on worldwide income, even when living abroad.  Employment type, likeW-2 employee, ...