Ask Phil Video Series | Optima Tax Relief https://optimataxrelief.com/blog/ask-phil-video-series/ Tax Relief & Resolution - Trust the Experts at Optima Tax Relief Tue, 06 Aug 2024 18:32:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://optimataxrelief.com/wp-content/uploads/2023/10/cropped-favicon_512-1-1-32x32.png Ask Phil Video Series | Optima Tax Relief https://optimataxrelief.com/blog/ask-phil-video-series/ 32 32 Ask Phil: How Much Do Your Services Cost? https://optimataxrelief.com/blog/ask-phil-how-much-do-your-services-cost/ Fri, 30 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21034 Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses Optima Tax Relief’s services including their costs.   Our services depend on the complexity of each individual tax case. We use a two-step approach to find you the best possible tax resolution.  Step 1: Investigation  After a brief, free initial consultation, Optima conducts a thorough investigation […]

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]]> Ask Phil: Can Optima Really Help Me?  https://optimataxrelief.com/blog/ask-phil-can-optima-really-help-me/ Fri, 23 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21031 Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses how Optima Tax Relief can help struggling taxpayers who owe.   If you’re a taxpayer who has tax debt and has explored tax relief options, odds are you’ve come across Optima Tax Relief’s services. Perhaps you heard a commercial on the radio or read client testimonials, […]

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]]> Ask Phil: Can I Haggle with the IRS?  https://optimataxrelief.com/blog/ask-phil-can-i-haggle-with-the-irs/ Fri, 16 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21029 Today, Optima Tax Relief Lead Tax Attorney, Phil, answers a common question: “Can I haggle with the IRS?”  While negotiating with the IRS can be complex, taxpayers have options and rights that provide some level of negotiating power. The extent of a taxpayer’s negotiating power largely depends on their financial situation, the type of tax […]

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]]> Ask Phil: How Do I Get My IRS Debt Forgiven?  https://optimataxrelief.com/blog/ask-phil-how-do-i-get-my-irs-debt-forgiven/ Fri, 09 Aug 2024 20:00:43 +0000 https://optimataxrelief.com/?p=21026 Today, Optima Tax Relief Lead Tax Attorney, Phil, answers a common question: “How do I get my IRS debt forgiven?”  What is Tax Debt Forgiveness?   If you want to reduce your tax liability with the IRS, you have some options.   Audit Reconsideration  Audit reconsideration is a process offered by the IRS that allows […]

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]]> Ask Phil: What is the Best Way to Pay Off Your Taxes?  https://optimataxrelief.com/blog/ask-phil-what-is-the-best-way-to-pay-off-your-taxes/ Fri, 02 Aug 2024 08:00:00 +0000 https://optimataxrelief.com/?p=20762 Today, Optima Tax Relief Lead Tax Attorney, Phil, gives his insights on the best way to pay off tax debt.  Withhold the Correct Amount  Ensure your employer withholds the correct amount of federal income tax from your paycheck based on your Form W-4. If you’re self-employed, be sure to use Form 1040-ES to make estimated […]

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]]> Ask Phil: What is the IRS 6-Year Rule?  https://optimataxrelief.com/blog/ask-phil-what-is-the-irs-six-year-rule/ Fri, 26 Jul 2024 08:00:00 +0000 https://optimataxrelief.com/?p=20760 Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses each of the three IRS 6-year rules.   Underreporting Income by Over 25%  If you underreport your income by over 25%, the IRS has six years from the date the return was filed to assess additional taxes, instead of the usual three years. The 25% threshold is […]

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]]> Ask Phil: What is an OIC Mill?  https://optimataxrelief.com/blog/ask-phil-what-is-an-oic-mill/ Fri, 19 Jul 2024 08:00:00 +0000 https://optimataxrelief.com/?p=20758 Today, Optima Tax Relief Lead Tax Attorney, Phil, discusses OIC mills, including what they are and how to avoid being victimized by them.  What is an OIC?  An Offer in Compromise (OIC) is a program offered by the IRS that allows taxpayers to settle their tax debt for less than the full amount owed. This […]

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]]> Ask Phil: What is Tax Identity Theft?  https://optimataxrelief.com/blog/ask-phil-what-is-tax-identity-theft/ Fri, 12 Jul 2024 08:00:00 +0000 https://optimataxrelief.com/?p=20756 Today, Optima Tax Relief Lead Tax Attorney, Phil, talks about tax identity theft, breaking down his top tips on how to avoid being a scam victim.   Get an IP PIN  An Identity Protection PIN (IP PIN) from the IRS is a six-digit number assigned to eligible taxpayers to help prevent the misuse of their Social […]

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]]> Ask Phil: What is the Child Tax Credit? https://optimataxrelief.com/blog/ask-phil-what-is-the-child-tax-credit/ Fri, 17 May 2024 08:00:00 +0000 https://optimataxrelief.com/?p=19635 Today, Optima Tax Relief Lead Tax Attorney, Phil, talks about the Child Tax Credit, breaking down what it is and who qualifies.  What is the Child Tax Credit?  The child tax credit is a tax benefit provided by the IRS to parents or guardians who have dependent children. It’s designed to help offset the costs […]

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]]> Ask Phil: Failure to Pay and Failure to File. Which is Worse?  https://optimataxrelief.com/blog/ask-phil-failure-to-pay-and-failure-to-file-which-is-worse/ Fri, 10 May 2024 08:00:00 +0000 https://optimataxrelief.com/?p=19633 Today, Optima Tax Relief Lead Tax Attorney, Phil, talks about the common IRS penalties: failure to pay and failure to file, including what each are, and which one is worse for taxpayers.  Failure to Pay Penalty  The failure to pay penalty is a financial penalty imposed by the IRS on taxpayers who fail to pay […]

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