Taxes
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. ...
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...
