How to Claim a Home Office Without Triggering an Audit
Oct 2, 2025Key Takeaways The home office deduction does not automatically trigger an IRS audit if you qualify and follow the...
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What is an Offer in Compromise (OIC)?
Oct 1, 2025Key Takeaways: An Offer in Compromise allows taxpayers to settle IRS debts for less than the full amount owed, providing...
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Manage Money
Charitable Donations: What the IRS Requires for Proof
Sep 30, 2025Key Takeaways: Charitable donations are deductible only if given to qualified 501(c)(3) organizations, including religious, educational, and charitable nonprofits. Cash...
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How to File Taxes as a Musician or Artist
Sep 24, 2025Key Takeaways: Musicians and artists are often considered self-employed, meaning they must report all income, pay self-employment tax on...
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The Best Bookkeeping Practices to Avoid Tax Trouble
Sep 23, 2025Key Takeaways: Know your tax obligations and deadlines, including estimated quarterly payments, to avoid late fees and penalties. Keep...
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Massachusetts Treasury Check Fraud: $8.8 Million Scheme Leads to Federal Charges
Sep 22, 2025In one of the largest Treasury check fraud cases to emerge from Massachusetts, federal authorities have charged eight individuals with...
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Manage Money
Optima Newsletter – September – Optima Tax Relief
Sep 21, 2025Sep 11, 2025 Social Security Survivor Benefits and Taxes: What Widows Should Expect When a spouse passes away, it can...
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How to Respond to IRS Letter 1058: The Final Warning Before a Levy
Sep 20, 2025Key Takeaways: IRS Letter 1058 is a final warning: It signals the IRS’s intent to levy your assets, including...
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What Parents of Children with Special Needs Can Deduct
Sep 19, 2025Key Takeaways: Parents of children with disabilities can claim special needs deductions for medical expenses, therapies, transportation, home modifications, and...
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What Happens If You Forget to Take Your Required Minimum Distributions (RMDs)?
Sep 13, 2025Key Takeaways: Retirement accounts grow tax-deferred, but annual required withdrawals must be taken to avoid penalties. RMDs apply to most...
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