Taxes
What Happens If You Ignore IRS Collection Letters? The Worst Case Scenario Optima Tax Relief
Key Takeaways Ignoring IRS letters will not make your tax problem go away; it triggers escalating collection actions and financial penalties. ...
Sales Tax Scaries 5: Changing Rates
When the Unexpected Strikes in Sales Tax A lot of monsters get their traction in horror movies because they’re doing...
Are GoFundMe Donations Taxable? | Optima Tax Relief
Crowdfunding is the act of funding a project by collecting small donations from a large number of individuals, often online....
Sales Tax Scaries 6: Relying on Automation
When Automation Turns into a Compliance Nightmare Robots run amok in many horror movies – and relying too heavily on...
How to Report Employer Stock Options on Your Taxes
Key Takeaways: The tax treatment of stock options depends on their type. Incentive Stock Options (ISOs) may qualify for...
Sales Tax Scaries 4: Nexus and Taxability
When Sales Tax Creeps Up on You Ever notice how the first characters in every horror movie never realize they’re...
Why S Corps Get Flagged for IRS Audits
Key Takeaways: Unreasonable shareholder compensation is one of the most common S Corp audit triggers; the IRS flags owners who...
Sales Tax Scaries 3: Audits
Surviving the Scare of a Sales Tax Audit: How to Stay Prepared Few things are scarier in the tax world...
Tax Deductions for Gen Z, Millennials, and Boomers
Key Takeaways: Tax deductions vary by generation: Each age group, Gen Z, Millennials, and Boomers, has unique tax-saving opportunities based...
Sales Tax Scaries 2: M&As
The Hidden Dangers of Sales Tax in Mergers and Acquisitions Few business deals can ignite optimism like a merger/acquisition: new...
Estimated Tax Payments: What Happens If You Miss a Quarter
Key Takeaways Missing a quarterly estimated tax payment triggers IRS underpayment penalties and daily compounding interest until the balance is...
Sales Tax Scaries (Part 1)
Could Your Sales Tax Become a Horror Story? This part of the year is filled with horror stories. Could your...
