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 favorably than enforcement actions.  Filing requirements depend on income, filing...

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Chief Tax Officer and Lead Tax Attorney at Optima Tax Relief, Phil Hwang, Appointed National Chair of IRS Taxpayer Advocacy Panel

Chief Tax Officer and Lead Tax Attorney at Optima Tax Relief, Phil Hwang, Appointed National Chair of IRS Taxpayer Advocacy Panel

Optima Tax Relief announced today that Philip Hwang, its Chief Tax Officer and Lead Tax Attorney, has been appointed National Chair of the Taxpayer Advocacy Panel (TAP) for 2026. TAP...

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What is the Safe Harbor Rule for Underpaying Estimated Tax? 

What is the Safe Harbor Rule for Underpaying Estimated Tax? 

Key Takeaways  Safe harbor tax rules protect against IRS underpayment penalties, not balances owed, by meeting specific payment thresholds during the year, even if additional tax is due at filing.  Taxpayers avoid...

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