Over 100,000 Tax Problems Resolved, Billions in Debt Serviced, and Millions Saved for Americans in Need Optima Tax Relief proudly celebrates 14 years of helping taxpayers nationwide resolve their toughest IRS and state tax issues. Since its founding in 2011, the company has […]
How the IRS Calculates Interest on Tax Debt
Understanding how the IRS calculates interest on tax debt can help you avoid financial surprises and make better decisions if you owe money to the government. Unlike penalties, IRS interest compounds daily and is tied to market-based rates that adjust quarterly. This […]
Ask Phil: The “New IRS”
Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, unpacks the meaning behind the term “New IRS,” and what it means if you owe back taxes. What Is the “New IRS”? The phrase “New IRS” refers to the agency’s […]
Can I Claim the Sales Tax Deduction?
If you ever itemize your deductions, you might’ve come across the sales tax deduction. This is part of the broader State and Local Tax (SALT) deduction and allows you to deduct either state and local sales tax or income tax paid during […]
IRS Interest Rates Hold Steady for Q3 2025
The IRS has announced its interest rates for the third quarter of 2025, with no changes from the previous quarter. These rates, effective from July 1 through September 30, 2025, play an essential role in how both individuals and businesses manage their […]
Can You Get a Car Loan With IRS Debt or a Tax Lien?
If you’re struggling with IRS debt or have a federal tax lien on your record, you may be wondering how it will affect your ability to finance a vehicle. The short answer? It’s still possible to get a car loan. However, it […]
How to Track Business Expenses for Taxes: Apps, Methods, and Best Practices
Tracking business expenses for taxes is a crucial practice that every business owner must master. Proper expense tracking helps ensure you stay compliant with the IRS. It also helps you maximize deductions, reduce your tax liability, and maintain a clear financial picture […]
Understanding IRS NFT Reporting Requirements and Compliance
NFTs (non-fungible tokens) have become a major part of the digital economy, transforming how digital ownership, art, and collectibles are bought and sold. As their popularity grows, the IRS has introduced new tax rules to ensure NFT transactions are reported and taxed […]
Vehicles for Business Use
In the world of business, the use of vehicles is a crucial decision that directly impacts both operational efficiency and financial considerations. Whether it’s delivering products, attending client meetings, or managing on-site projects, vehicles are indispensable assets for businesses aiming for success. […]
What is a Tax Lien?
A tax lien is a legal claim by a government authority, such as the IRS, against a taxpayer’s property due to unpaid tax debts. This claim acts as a security for the government, ensuring the taxpayer’s obligation is eventually fulfilled. Tax liens […]