Taxes
Understanding IRS NFT Reporting Requirements and Compliance
Key Takeaways: The IRS classifies NFTs as digital assets and requires brokers to report NFT transactions under new tax rules...
What you need to know
Recent developments in payment platforms and tax regulations have brought increased attention to the IRS reporting requirements triggered by lower...
IRS Staffing and Service Concerns
Key Takeaways: The Trump administration’s downsizing initiative aims to cut nearly half of IRS staff, drastically reducing the agency’s workforce...
The Telecom/Tech Company’s Checklist to Building a Tax Compliance Process
As digital products and technology platforms evolve, so do the complexities around how they’re taxed. From bundled services to shifting...
Can the IRS Take My 401(k)?
Key Takeaways: The IRS can seize your 401(k) if you’re eligible to withdraw funds. Retirement accounts are not immune to...
Wayfair’s 7th birthday: Sales tax changes continue
The Supreme Court’s decision in Wayfair seven years ago this month changed the world of eCommerce. Suddenly all states could...
How AI Tools Are Changing Tax Prep and What to Watch Out For
Key Takeaways: AI tools are changing tax prep by automating data entry, categorizing expenses, and helping users identify deductions faster. ...
Do You Have to Pay Sales Tax on Clubs & Membership Dues?
Clubs and dues have been around for decades, but the rise of certain memberships – and the ability to sell...
Optima’s “Tax Show for People Who Owe” Builds Momentum as Go-to Resource for Taxpayers Facing IRS Debt
Now in its fourth year, the bi-weekly YouTube series offers honest, engaging insights into IRS processes, tax debt solutions, and...
Pitfalls of sales tax compliance: returns
April’s federal Form 1040 probably comes first to mind when anyone thinks about tax returns. As your business starts to...
Beyond Tax Relief: Optima Tax Relief Builds Stronger Communities Through Service
Empowering employees and partnering locally to create lasting community impact Optima Tax Relief, the nation’s leading tax resolution firm, continues...
Pitfalls of sales tax compliance: in-house resources
Many companies don’t think about how to handle sales tax obligations until it’s too late. (more…)
