Most Recent Manage Money News

Do Taxpayers Who Owe Trust the IRS? Why Many Are Unsure About Enforcement

Do Taxpayers Who Owe Trust the IRS? Why Many Are Unsure About Enforcement

Key Takeaways  51% of surveyed Optima clients said they did not believe the IRS enforces against most people who owe,...

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Why Do Taxpayers Finally Act on Tax Problems? What Makes Them Seek Help

Why Do Taxpayers Finally Act on Tax Problems? What Makes Them Seek Help

Key Takeaways   29% of selections cited realizing that waiting was making the problem worse, making it the most common reported...

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Tax Relief for Seniors: IRS Programs You Should Know

Tax Relief for Seniors: IRS Programs You Should Know

Key Takeaways  Tax relief for seniors can include deductions, credits, free tax preparation, penalty relief, payment plans, Offers in Compromise,...

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IRS Interest Rates Remain the Same for Q4 2026: What Taxpayers Need to Know

IRS Interest Rates Remain the Same for Q4 2026: What Taxpayers Need to Know

The Internal Revenue Service (IRS) announced on August 21, 2026, that interest rates will remain unchanged for the fourth quarter...

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New Optima Tax Relief Annual Report Finds Taxpayers See a Quieter IRS—But Automated Enforcement Is Still Reaching Them

New Optima Tax Relief Annual Report Finds Taxpayers See a Quieter IRS—But Automated Enforcement Is Still Reaching Them

Annual report examines the retreat in IRS enforcement capacity, growing taxpayer skepticism, and what ultimately prompts taxpayers to address unresolved...

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My Offer in Compromise was Rejected. Now What?

My Offer in Compromise was Rejected. Now What?

Key Takeaways  An OIC rejection is different from an OIC return. A rejection generally means the IRS reviewed the offer...

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Tax Lawyer for Small Tax Debt: Is It Worth It?

Tax Lawyer for Small Tax Debt: Is It Worth It?

Key Takeaways   A tax lawyer for small tax debt may not be necessary if you agree with the IRS...

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Government Employee Tax Benefits Explained

Government Employee Tax Benefits Explained

Key Takeaways  Government employees pay federal income tax just like private sector workers; there is no blanket tax exemption for...

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Are GoFundMe Donations Taxable? | Optima Tax Relief

Are GoFundMe Donations Taxable? | Optima Tax Relief

Key Takeaways Personal fundraisers (medical bills, disaster relief, funerals, tuition) are generally a nontaxable gift. Business or reward-based campaigns are...

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Tax Reporting for Crypto and Digital Assets

Tax Reporting for Crypto and Digital Assets

Key Takeaways   The IRS generally treats cryptocurrency and other digital assets as property, so selling, exchanging, spending, or receiving crypto...

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