Today, Optima Tax Relief Lead Tax Attorney, Phil, is breaking down why every taxpayer should create an IRS online account, especially heading into tax season. Why Create an IRS Online Account An IRS online account gives you secure access to your tax […]
Ask Phil: How Do Natural Disasters Affect My Taxes?
Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses what tax relief options are available to taxpayers affected by the natural disasters, like the Southern California wildfires and East Coast hurricanes. Casualty Losses Casualty losses are financial losses from unexpected events […]
Ask Phil: What’s on Phil’s 2025 Tax Radar?
Today, Optima Tax Relief Lead Tax Attorney, Phil, sheds light on the top things on his 2025 tax radar. Here’s what to watch out for this tax filing season. Form 1099-K Taxpayers should keep an eye out for Form 1099-K this year, […]
Ask Phil: What’s the Fastest Way to Get My Tax Refund?
Today, Optima Tax Relief Lead Tax Attorney, Phil, answers the question everyone wants to know during tax season: What’s the fastest way to get my tax refund? E-File E-filing your tax return is the fastest and most efficient way to receive your […]
Ask Phil: The 411 on IRS Tax Brackets
Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses a hot topic: tax brackets. We hear this term all the time, but what does it mean? And how can it affect the taxes you’re required to pay? What are tax brackets? Tax […]
Ask Phil: How Do Gift Taxes Work?
Today, Optima Tax Relief Lead Tax Attorney, Phil, talks about a popular giving season topic: gift taxes. Did you know gifting can sometimes lead to taxes owed? It’s the season of gifting, making things like real estate, cars, money, and almost […]
Ask Phil: Important 1099-K Update for Small Businesses
Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses an important tax update for small businesses and self-employed individuals coming in 2025. If you receive payments through platforms like PayPal, Venmo, Shopify, Etsy, or other payment services, you will receive a 1099-K […]
Ask Phil: Should I Itemize or Take the Standard Deduction?
Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses a hot topic: itemized deductions vs. standard deduction. Which is better for you? Deciding whether to itemize deductions or take the standard deduction depends on your specific financial situation. For the 2024 tax […]
Ask Phil: What is IRS Form 1040-X?
Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses IRS Form 1040-X, Amended U.S. Individual Income Tax Return. Many taxpayers wonder what they should do if they made an error on their tax returns. Maybe you filed under the wrong status or […]
Ask Phil: Will Hiring Optima Tax Relief Affect Your Credit Score?
Today, Optima Tax Relief Lead Tax Attorney, Phil, answers a burning question: “Will hiring Optima Tax Relief affect your credit score?” The short answer is no. Hiring Optima Tax Relief does not directly affect your credit score. However, there are a few […]