Most Recent Manage Money News

Wage Garnishment on Student Loans: How it Works and How to Stop It

Wage Garnishment on Student Loans: How it Works and How to Stop It

Key Takeaways   Student loan wage garnishment happens after default, which typically occurs after 270 days of nonpayment on federal student loans.  The...

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2026 IRS Mileage Rates  | Optima Tax Relief

2026 IRS Mileage Rates  | Optima Tax Relief

Key Takeaways  The IRS mileage rate 2026 is 72.5¢ per mile for business, 20.5¢ per mile for medical and qualified...

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Seven Years Strong: Optima Tax Relief Continues Customer Service Winning Streak at Stevie® Awards

Seven Years Strong: Optima Tax Relief Continues Customer Service Winning Streak at Stevie® Awards

Customer-first approach earns continued recognition for service excellence  Optima Tax Relief, the nation’s leading tax resolution firm, has been honored...

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Tax Deductions for Therapists  | Optima Tax Relief

Tax Deductions for Therapists  | Optima Tax Relief

Key Takeaways  Understanding therapist tax deductions helps reduce taxable income and reinvest in your practice. Ordinary and necessary expenses, like...

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Schedule C Mistakes That Trigger IRS Audits  Optima Tax Relief

Schedule C Mistakes That Trigger IRS Audits  Optima Tax Relief

Key Takeaways   Schedule C returns face higher audit risk because income and deductions are self-reported, making even small errors easy...

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Optima Tax Relief’s Philip Hwang Headlines Tax Notes Podcast Ahead of 2026 Filing Season 

Optima Tax Relief’s Philip Hwang Headlines Tax Notes Podcast Ahead of 2026 Filing Season 

Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Philip Hwang, recently appeared on the Tax Notes podcast to...

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What Is IRS Automated Collection System (ACS)? 

What Is IRS Automated Collection System (ACS)? 

Key Takeaways   The IRS Automated Collection System (ACS) is the primary centralized program used to manage millions of delinquent tax...

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Are Incarcerated Individuals Required to File Taxes?

Are Incarcerated Individuals Required to File Taxes?

Key Takeaways    Incarceration does not eliminate tax filing requirements. Whether incarcerated individuals must file taxes depends on income, filing status, and the...

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What Happens If You Ignore IRS Tax Debt? Timelines, Penalties, and Next Steps 

What Happens If You Ignore IRS Tax Debt? Timelines, Penalties, and Next Steps 

Key Takeaways  Ignoring IRS tax debt does not stop collection efforts; it allows penalties, interest, and enforcement actions to escalate...

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Forgot to File Taxes for 3+ Years? Here’s What to Do 

Forgot to File Taxes for 3+ Years? Here’s What to Do 

Key Takeaways   Unfiled taxes can be fixed, but delay increases costs and risk. The IRS typically treats voluntary compliance more...

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