Taxes
Do You Pay Taxes on Lawsuit Settlements?
Key Takeaways: Whether you have to pay taxes on a lawsuit settlement depends on the type of damages awarded, with physical injury settlements often...
What Is the SECURE 2.0 Act? Key Changes to Retirement Taxes
Key Takeaways The secure 2.0 act introduced major retirement tax changes designed to expand retirement savings opportunities, delay taxable withdrawals,...
Is Overtime Pay Taxed Under the One Big Beautiful Bill?
Key Takeaways: The Overtime Deduction has a retroactive start date of January 1, 2025, and it will expire on December...
Why Is My Tax Refund So Low This Year?
Key Takeaways A lower tax refund is usually caused by changes in withholding, income, tax credits, deductions, or IRS offsets—not...
Tax Help for Low-Income Individuals: IRS Programs and Options
Key Takeaways Low-income taxpayers may qualify for multiple IRS-backed programs that provide free tax preparation, filing assistance, and help resolve IRS issues, including...
Optima Tax Relief Recognized by Newsweek as One of America’s Greatest Midsize Workplaces for 2026
Company Receives National Recognition for Inclusive Culture and Employee Support Initiatives Optima Tax Relief, the nation’s leading tax resolution firm,...
What Retailers Need to Know
Drop shipment transactions have become increasingly common as ecommerce businesses look for ways to reduce inventory costs, improve fulfillment speed,...
What Is Taxable Income? A Beginner’s Guide
Key Takeaways Taxable income is the portion of your total income that is subject to federal income tax after adjustments and deductions...
What Is the Earned Income Tax Credit (EITC)? | How to Calculate
Key Takeaways: The Earned Income Tax Credit is a refundable federal tax credit for eligible low- to moderate-income workers that...
How to Choose the Best Tax Attorney for Your Situation
Key Takeaways The best tax attorney can help taxpayers resolve serious IRS issues such as audits, tax debt, wage garnishments,...
Top 10 Compliance Mistakes We See in Software & Telecom Tax
Software, SaaS, and telecom companies face some of the most complex sales tax and indirect tax compliance requirements in the...
Tax Relief Companies: What to Look for Before You Sign
Key Takeaways Tax relief companies help negotiate with the IRS, offering solutions like installment agreements, penalty relief, or settlement programs,...
