Affordable Newsletter Archives - Affordable Tax Relief https://affordabletaxrelief.com/blog/optima-newsletter/ Tax Relief & Resolution - Trust the Experts at Affordable Tax Relief Tue, 26 Aug 2025 21:44:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 https://optimataxrelief.com/wp-content/uploads/2023/10/cropped-favicon_512-1-1-32x32.png Affordable Newsletter Archives - Affordable Tax Relief https://affordabletaxrelief.com/blog/optima-newsletter/ 32 32 Affordable Newsletter – August 2025 https://affordabletaxrelief.com/blog/optima-newsletter-august-2025/ Tue, 05 Aug 2025 22:34:20 +0000 https://affordabletaxrelief.com/?p=25634 What You Need to Know About IRS Bank Levies  When dealing with unpaid taxes, one of the most significant and immediate consequences can be an IRS bank levy. This powerful enforcement action allows the IRS to legally seize funds directly from your bank account to satisfy outstanding tax debts. Understanding how an IRS bank levy […]

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]]> Affordable Newsletter – July 2025 https://affordabletaxrelief.com/blog/optima-newsletter-july-2025/ Tue, 01 Jul 2025 22:31:54 +0000 https://affordabletaxrelief.com/?p=25631 How the IRS Calculates Interest on Tax Debt Understanding how the IRS calculates interest on tax debt can help you avoid financial surprises and make better decisions if you owe money to the government. Unlike penalties, IRS interest compounds daily and is tied to market-based rates that adjust quarterly. In this article, we’ll break down […]

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]]> Affordable Newsletter – June 2025 https://affordabletaxrelief.com/blog/optima-newsletter-june-2025/ Sun, 01 Jun 2025 22:23:19 +0000 https://affordabletaxrelief.com/?p=25626 Back Taxes and Divorce: Who Pays What? Many divorcing couples are surprised to learn how complex and persistent IRS debt can be, especially when it’s tied to years of joint tax filings. The question of who pays what isn’t always as simple as looking at a divorce decree or who earned more money.  Read More […]

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]]> Affordable Newsletter – May 2025 https://affordabletaxrelief.com/blog/optima-newsletter-may-2025/ Thu, 01 May 2025 17:21:00 +0000 https://affordabletaxrelief.com/?p=25621 Moving to a No Income-Tax State? Watch Out for These Hidden Tax Costs The promise of a state with no income tax can be incredibly appealing—especially for individuals coming from high-tax states like California, New York, or New Jersey. However, there may be hidden tax costs you need to understand before moving to a no-income-tax […]

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]]> Affordable Newsletter – April 2025 https://affordabletaxrelief.com/blog/optima-newsletter-april-2025/ Tue, 01 Apr 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=24345 When Does the IRS Pay Interest on Tax Refunds?  The IRS typically processes tax refunds quickly, but in some cases, there can be delays. When these delays occur, taxpayers might wonder if they’re entitled to interest on their refund. The IRS does pay interest on tax refunds under specific circumstances. However, the rules governing when […]

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]]> Affordable Newsletter – March 2025 https://affordabletaxrelief.com/blog/optima-newsletter-march-2025/ Sat, 01 Mar 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=24154 What Are Capital Gains?  Capital gains represent the profit earned when an asset is sold for more than its original purchase price. This concept is crucial for investors, homeowners, and anyone involved in the buying and selling of valuable assets. Understanding how capital gains work and their tax implications can help individuals and businesses make […]

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]]> Affordable Newsletter – February 2025 https://affordabletaxrelief.com/blog/optima-newsletter-february-2025/ Sat, 01 Feb 2025 16:42:42 +0000 https://affordabletaxrelief.com/?p=23914 Can the IRS Suspend Your Licenses? From wage garnishments to levies on property, the IRS has a variety of tools to collect unpaid taxes. But can the IRS suspend your professional, business, or driver’s licenses? This article explores the extent of the IRS’s authority, its collaboration with other agencies, and the steps you can take […]

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]]> Affordable Newsletter – January 2025 https://affordabletaxrelief.com/blog/optima-newsletter-january-2025/ Wed, 01 Jan 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=23758 Unfiled Tax Returns: What You Need to Know  Filing tax returns is a fundamental responsibility of every taxpayer, yet many individuals find themselves with unfiled tax returns. This issue is not just a financial inconvenience—it carries significant legal implications. The IRS has robust mechanisms to address unfiled returns, and ignoring this obligation can lead to […]

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]]> Affordable Newsletter – December 2024 https://affordabletaxrelief.com/blog/optima-newsletter-december-2024/ Sun, 01 Dec 2024 08:00:00 +0000 https://affordabletaxrelief.com/?p=23756 Can the IRS Take My Social Security? When you have unpaid taxes, many beneficiaries fear that the IRS could step in and take a portion of their much-needed Social Security payments. It’s an unsettling thought, but it raises an important question: can the IRS take your Social Security? The answer, unfortunately, is yes—but it’s not […]

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]]> Affordable Newsletter – November 2024 https://affordabletaxrelief.com/blog/optima-newsletter-november-2024/ Fri, 01 Nov 2024 19:43:11 +0000 https://affordabletaxrelief.com/?p=21756 Can I Claim My Parent as a Dependent?  Caring for an elderly parent can be a financial toll, especially when you also have children to care for. Claiming a parent as a dependent can provide significant financial benefits, but there are specific IRS rules and requirements that must be met to qualify. If you’re supporting […]

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