Taxes on Inherited Accounts | Optima Tax Relief

Taxes on Inherited Accounts | Optima Tax Relief

Key Takeaways:   Most inherited retirement accounts are taxable. Distributions from traditional IRAs and 401(k)s are taxed as ordinary income, while qualified Roth distributions are generally tax-free.  The 10-year rule applies to...

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IRS Phishing Emails: Real Examples and Warning Signs

IRS Phishing Emails: Real Examples and Warning Signs

Key Takeaways   IRS phishing emails are common and sophisticated, often impersonating the IRS to steal personal data, money, or login credentials.  The IRS usually contacts taxpayers by mail first and does not...

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Is Tax Relief Legit? How to Spot Real Help vs Scams 

Is Tax Relief Legit? How to Spot Real Help vs Scams 

Key Takeaways  IRS tax relief is legitimate. The IRS offers real programs, such as Offers in Compromise, installment agreements, penalty abatements, CNC status, and Innocent Spouse Relief, to help taxpayers manage or reduce debt. ...

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