Schedule C Mistakes That Trigger IRS Audits Optima Tax Relief
Key Takeaways Schedule C returns face higher audit risk because income and deductions are self-reported, making even small errors easy ...
Thursday, January 29, 2026
Tag: Relief
Chief Tax Officer and Lead Tax Attorney at Optima Tax Relief, Phil Hwang, Appointed National Chair of IRS Taxpayer Advocacy Panel
Optima Tax Relief announced today that Philip Hwang, its Chief Tax Officer and Lead Tax Attorney, has been appointed National ...
IEX shares zoom 14% on hopes of relief in market coupling case
Shares of Indian Energy Exchange (IEX) soared as much as 14% to an intraday high of Rs 153.35 on the ...
Can Non-Citizens Qualify for IRS Tax Relief?
Many people assume that IRS tax relief is reserved for U.S. citizens, but that belief is one of the most ...
What is Form 1099-B? | Optima Tax Relief
Key Takeaways Form 1099-B reports proceeds from the sale or exchange of investment property, including stocks, mutual funds, ETFs, bonds, options, and ...
Are Tips Taxed Under the Big Beautiful Bill? Optima Tax Relief
Key Takeaways The Big Beautiful Bill creates a temporary federal income tax deduction for qualified tip income, effective January 1, ...
Can You Use Your 401(k) to Pay Off Tax Debt Without Penalty? Optima Tax Relief
Key Takeaways Accessing your 401(k) to pay IRS tax debt is possible, but early withdrawals typically trigger income taxes and ...
Filing Taxes When You Work Abroad for a U.S. Company Optima Tax Relief
Key Takeaways U.S. citizens and resident aliens must file taxes on worldwide income, even when living abroad. Employment type, likeW-2 employee, ...
Does Bankruptcy Clear Tax Debt? Optima Tax Relief
Key Takeaways Bankruptcy can clear older income tax debt only when strict rules are met, including the 3–2–240 timing requirements ...
U.K. Budget Trims Inflation But Offers Limited Relief for BOE
The U.K. government hopes tax increases and other measures laid out in its latest budget announcement won’t just halt a ...
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