Tax Relief Solutions Archives - Optima Tax Relief https://optimataxrelief.com/blog/tax-relief-solutions/ Tax Relief & Resolution - Trust the Experts at Optima Tax Relief Wed, 18 Sep 2024 20:47:21 +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 Tax Relief Solutions Archives - Optima Tax Relief https://optimataxrelief.com/blog/tax-relief-solutions/ 32 32 What is an Enrolled Agent?  https://optimataxrelief.com/blog/what-is-an-enrolled-agent/ Tue, 17 Sep 2024 08:00:00 +0000 https://optimataxrelief.com/?p=21185 We often hear that the tax professionals qualified to represent you before the IRS are CPAs, tax attorneys, and enrolled agents. While the first two roles are more well-known, many are still confused about what exactly an enrolled agent is. An Enrolled Agent (EA) is a federally authorized tax practitioner who has technical expertise in […]

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]]> What Is an IRS Administrative Appeal? https://optimataxrelief.com/blog/what-is-an-irs-administrative-appeal/ https://optimataxrelief.com/blog/what-is-an-irs-administrative-appeal/#respond Thu, 18 Jul 2024 08:00:00 +0000 http://aws.optimataxrelief.com/?p=4480 If you’ve been hit with an assessment from the IRS and you disagree with the results, you are entitled to present your case in Tax Court. However, an IRS administrative appeal may produce desirable results without the need to go to court. As a taxpayer, you are entitled to dispute the results of an IRS […]

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]]> https://optimataxrelief.com/blog/what-is-an-irs-administrative-appeal/feed/ 0 Am I Responsible for My Spouse’s Back Taxes? https://optimataxrelief.com/blog/am-i-responsible-for-my-spouses-back-taxes/ Tue, 16 Jul 2024 08:00:00 +0000 https://optimataxrelief.com/?p=11201 When you marry, you often share many aspects of your life with your spouse: your home, your finances, and perhaps even your dreams. However, what happens when it comes to tax liabilities? Specifically, are you responsible for your spouse’s back taxes? This question can cause significant stress and confusion. To navigate this issue, it is […]

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]]> How IRS Installment Agreements Work https://optimataxrelief.com/blog/how-irs-installment-agreements-work/ Thu, 20 Jun 2024 08:00:00 +0000 https://optimataxrelief.com/?p=11017 When most people first examine tax relief options, they might have their hopes set on an offer in compromise – or their tax debt settled for less than what they owe. Unfortunately, OICs are more often denied by the IRS than they are accepted. When tax debt becomes too much to manage, an IRS installment agreement […]

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]]> Someone Filed a Fraudulent Tax Return in My Name. Now What?  https://optimataxrelief.com/blog/fraudulent-tax-return-in-my-name-now-what/ Wed, 15 May 2024 08:00:00 +0000 https://optimataxrelief.com/?p=19667 Tax season can already be stressful without the added burden of discovering that someone has filed a fraudulent tax return using your identity. Unfortunately, tax-related identity theft is a real concern in today’s digital world. If you suspect or discover that someone has filed a fraudulent tax return in your name, take immediate action. Here […]

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]]> What If I Can’t Pay My Taxes? https://optimataxrelief.com/blog/what-if-i-cant-pay-my-taxes/ Mon, 08 Apr 2024 16:00:00 +0000 https://optimataxrelief.com/?p=19522 Every year, millions of individuals and businesses face the intimidating task of paying their taxes. However, there are instances where meeting this financial obligation becomes challenging or even impossible. There are times when you might’ve asked yourself, “What if I can’t pay my taxes?” Whether due to unexpected expenses, changes in income, or other unforeseen […]

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]]> What is Injured Spouse Relief? https://optimataxrelief.com/blog/what-is-injured-spouse-relief/ Mon, 01 Apr 2024 16:00:00 +0000 https://optimataxrelief.com/?p=19469 When couples file joint tax returns, they often expect to share both the benefits and the burdens of taxation equally. However, situations can arise where one spouse’s debts or obligations lead to the entire tax refund being withheld to cover them. We’ve covered innocent spouse relief before. However, there is another type of tax relief […]

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]]> What is an Offer in Compromise (OIC)? https://optimataxrelief.com/blog/offer-in-compromise/ Mon, 25 Mar 2024 16:00:00 +0000 https://optimataxrelief.com/?p=19327 Tax debts can be a significant burden, causing stress and financial strain for individuals and businesses alike. Fortunately, the IRS offers various options to help taxpayers settle their debts, one of which is known as an Offer in Compromise (OIC). An Offer in Compromise is a valuable tool that allows eligible taxpayers to settle their […]

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]]> How Tax Relief Works https://optimataxrelief.com/blog/how-tax-relief-works/ Thu, 29 Feb 2024 16:00:00 +0000 https://optimataxrelief.com/?p=11014 Owing the IRS can be one of the most stressful situations a taxpayer can face. Recent data shows that American taxpayers owed over $316 billion in back taxes, penalties, and interest as of the end of 2022. Much of this debt can be attributed to late filing, mathematical errors, and underreported income. Whatever the reason […]

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]]> What is a Tax Settlement? https://optimataxrelief.com/blog/what-is-a-tax-settlement/ Mon, 22 Jan 2024 16:00:00 +0000 https://optimataxrelief.com/?p=18170 Tax settlements are a crucial aspect of managing one’s financial responsibilities. They provide a mechanism for individuals and businesses to resolve outstanding tax issues with the IRS. This article aims to shed light on the tax settlement process, including its various options, implications, and considerations.  Understanding Tax Settlements  Tax settlements, also known as tax resolutions, […]

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