Ask Phil Video Series

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses IRS online accounts, including why it’s beneficial for taxpayers to have them.  Having an IRS online account can offer several benefits to individuals and businesses. Here are some of the advantages of […]

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses state taxes and collections, including how they differ from federal taxes and collections. 

State tax collections and federal tax collections are two distinct systems of revenue collection within the United States. Here are some key differences between them.

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses bankruptcy, including if and when tax debt is discharged.   When you file for bankruptcy, you are relieved from most of your debts, including credit card debt, medical bills, payday loans, utility bills, […]

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses tax refunds, including how to track when you’ll receive yours.  When it comes to tax refunds, most taxpayers want to know one of three things: how much they will receive, where it […]

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses the October tax extension deadline.   The tax extension deadline this year is October 16, 2023. Remember, an extension to file your taxes is not an extension to pay your taxes. But what […]

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses marriage and taxes, including filing status options.  Married couples have two different options for filing their taxes: married filing jointly and married filing separately. If you choose to file jointly with your […]

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses the Employee Retention Credit (ERC), including the rise in scams surrounding the credit.  The ERC is a tax credit that provides financial relief to businesses that have experienced economic hardships due to […]

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses penalties and interest again, but this time gives tips on how to mitigate and even remove them.   Penalties and interest can quickly get out of hand. The best way to mitigate […]

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, breaks down tax extensions. Can anyone file a tax extension? When is the deadline to file?   A tax extension is an additional 6-month period the IRS grants a taxpayer to file their […]

Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses taxes and real estate, including buying, selling, and refinancing your home while owing taxes.  Tax Liens Real estate transactions can quickly become tricky if you owe taxes and even more so if […]