Taxes
Why Was My Offer in Compromise Rejected? Optima Tax Relief
Key Takeaways An Offer in Compromise allows taxpayers to settle IRS debt for less than they owe, but approval depends...
Sales Tax Concerns of Coming Holiday Season
The High-Stakes Holiday Shopping Environment Holiday shopping season is the playoffs for retailers; Everything must work perfectly, from the warehouse...
What is Audit Reconsideration? | Optima Tax Relief
Key Takeaways Audit reconsideration lets taxpayers challenge a completed IRS audit without going through Appeals or Tax Court, offering a...
IRS Revenue Officer vs Revenue Agent: What’s the Difference?
The IRS plays a critical role in ensuring that taxpayers comply with U.S. tax laws. Within the IRS, various professionals...
Strange Ideas New Customers Have About Sales Tax
Everybody who enters business knows all about taxes. They just don’t know about every tax. One glaring omission, surprising especially from business...
Someone Filed a Fraudulent Tax Return in My Name. Now What?
Key Takeaways If a fraudulent tax return has been filed in your name, you should contact the IRS immediately and submit Form 14039 to...
Potential Pitfalls of Over-Reliance on AI in Sales Tax Mapping
As automation and AI become more integrated into sales tax systems, many businesses assume these tools can completely replace human...
How to Apply for the IRS Fresh Start Program
Key Takeaways The IRS Fresh Start Program offers multiple relief options to help taxpayers settle or manage back taxes...
The Limits of Machine-Managed Sales Tax
AI can analyze your data, reconcile reports, and process transactions, but can it be trusted to file your taxes? Some...
What You Need to Know About the Tax Underpayment Penalty
Key Takeaways: Pay taxes as you earn: The IRS operates on a pay-as-you-go system, requiring withholding from paychecks or quarterly...
What’s New in Sales Tax?
(Sales Tax Updates and State Legislative Changes) (more…)
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. ...
