Most Recent Manage Money News

Schedule 1, 2, and 3 Explained for Individual Filers 

Schedule 1, 2, and 3 Explained for Individual Filers 

Key Takeaways  Schedules 1, 2, and 3 expand Form 1040 by reporting additional income, taxes, and credits that don’t appear on the main tax return.  Schedule...

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Optima Tax Relief CFO Stephen Keim Nominated for Orange County Business Journal’s CFO of the Year 

Optima Tax Relief CFO Stephen Keim Nominated for Orange County Business Journal’s CFO of the Year 

Nomination recognizes Keim’s strategic financial leadership and his role in driving sustainable growth for the nation’s leading tax resolution firm. ...

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Last-Minute Tax Filing? What to Do Before the Deadline

Last-Minute Tax Filing? What to Do Before the Deadline

Key Takeaways  Last minute tax filing is common, but acting quickly and prioritizing accuracy can help you avoid costly penalties...

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IRS Interest Rates for Q2 2026 Are Decreasing: Here’s What You Need to Know 

IRS Interest Rates for Q2 2026 Are Decreasing: Here’s What You Need to Know 

The Internal Revenue Service (IRS) has announced that interest rates will decrease for the second quarter of 2026, beginning April...

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Can’t Pay Taxes? When to Seek Tax Relief 

Can’t Pay Taxes? When to Seek Tax Relief 

Key Takeaways  If you can’t pay taxes, penalties and daily compounding interest begin immediately, but filing your return on time helps minimize additional costs.  Ignoring...

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Bonus Depreciation vs. Section 179: Which Is Right for Your Business? 

Bonus Depreciation vs. Section 179: Which Is Right for Your Business? 

Key Takeaways   Bonus depreciation vs section 179 both accelerate tax savings, but Section 179 offers more control while bonus depreciation...

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What is Reasonable Collection Potential (RCP)?  | Optima Tax Relief

What is Reasonable Collection Potential (RCP)?  | Optima Tax Relief

Key Takeaways   Reasonable collection potential (RCP) is the IRS’s estimate of how much it can realistically collect from you using...

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What Is Schedule C? Definition, Who Files & How It Works

What Is Schedule C? Definition, Who Files & How It Works

Key Takeaways: Schedule C (Form 1040) is used by sole proprietors, independent contractors, freelancers, and single-member LLC owners to report...

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Tax Lawyer vs. Tax Relief Company: Key Differences 

Tax Lawyer vs. Tax Relief Company: Key Differences 

Key Takeaways   Tax lawyers focus on legal disputes, court representation, and high-risk IRS issues, while tax relief companies specialize in...

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Common Mistakes to Avoid  |Optima Tax Relief

Common Mistakes to Avoid  |Optima Tax Relief

Key Takeaways  A tax extension only gives you more time to file, not to pay, making it a common mistake on tax...

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