Most Recent Manage Money News

Will the IRS Negotiate If You Can’t Pay? 

Will the IRS Negotiate If You Can’t Pay? 

Key Takeaways   The IRS does negotiate tax bills, but only through structured relief programs—not informal deals.  Main options include...

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How to Claim a Home Office Without Triggering an Audit 

How to Claim a Home Office Without Triggering an Audit 

Key Takeaways   The home office deduction does not automatically trigger an IRS audit if you qualify and follow the...

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What is an Offer in Compromise (OIC)?

What is an Offer in Compromise (OIC)?

Key Takeaways: An Offer in Compromise allows taxpayers to settle IRS debts for less than the full amount owed, providing...

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Charitable Donations: What the IRS Requires for Proof 

Charitable Donations: What the IRS Requires for Proof 

Key Takeaways:  Charitable donations are deductible only if given to qualified 501(c)(3) organizations, including religious, educational, and charitable nonprofits.  Cash...

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How to File Taxes as a Musician or Artist 

How to File Taxes as a Musician or Artist 

Key Takeaways:   Musicians and artists are often considered self-employed, meaning they must report all income, pay self-employment tax on...

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The Best Bookkeeping Practices to Avoid Tax Trouble 

The Best Bookkeeping Practices to Avoid Tax Trouble 

Key Takeaways:   Know your tax obligations and deadlines, including estimated quarterly payments, to avoid late fees and penalties.  Keep...

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Massachusetts Treasury Check Fraud: $8.8 Million Scheme Leads to Federal Charges 

Massachusetts Treasury Check Fraud: $8.8 Million Scheme Leads to Federal Charges 

In one of the largest Treasury check fraud cases to emerge from Massachusetts, federal authorities have charged eight individuals with...

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Optima Newsletter – September – Optima Tax Relief

Optima Newsletter – September – Optima Tax Relief

Sep 11, 2025 Social Security Survivor Benefits and Taxes: What Widows Should Expect When a spouse passes away, it can...

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How to Respond to IRS Letter 1058: The Final Warning Before a Levy 

How to Respond to IRS Letter 1058: The Final Warning Before a Levy 

Key Takeaways:   IRS Letter 1058 is a final warning: It signals the IRS’s intent to levy your assets, including...

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What Parents of Children with Special Needs Can Deduct 

What Parents of Children with Special Needs Can Deduct 

Key Takeaways:  Parents of children with disabilities can claim special needs deductions for medical expenses, therapies, transportation, home modifications, and...

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