Olympus Tax Resolution LLC

Olympus Tax Resolution LLC IRS Tax Resolution Services We won't stop fighting for you.

We help our clients overcome their tax debt with a variety of tax debt solutions, and we're dedicated to finding the right one for you. We walk with you every step of the way, explaining all the in's and out's and do's and don'ts of the process of getting your tax debt resolved.

The IRS has expanded access to its Business Tax Account platform to include more types of business entities, making it e...
05/29/2026

The IRS has expanded access to its Business Tax Account platform to include more types of business entities, making it easier for businesses to manage tax information online. (forbes.com)

The expanded system now gives additional partnerships, corporations, and other entities access to tools that allow businesses to:
• View tax balances
• Make payments
• Access notices
• Manage account information online

The IRS continues pushing toward greater digital self-service options for taxpayers and businesses, but many companies still face challenges understanding compliance requirements and resolving tax issues.

Business owners should regularly review their IRS accounts to ensure information is accurate and to address notices promptly.

Olympus Tax Resolution helps businesses navigate IRS compliance, tax issues, and resolution matters with confidence.

Contact Olympus Tax Resolution today for professional guidance.



https://www.forbes.com/sites/kellyphillipserb/2026/04/07/irs-expands-business-tax-account-to-include-more-kinds-of-entities/

Forbes is a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle.

Federal authorities are reportedly launching a new initiative involving the FBI and IRS to investigate nonprofit organiz...
05/27/2026

Federal authorities are reportedly launching a new initiative involving the FBI and IRS to investigate nonprofit organizations for possible links to domestic terrorism and related tax violations. According to CBS News, the effort will focus in part on potential financial crimes and misuse of nonprofit structures.

The initiative highlights the growing scrutiny nonprofit organizations may face regarding:
• Financial transparency
• Tax compliance
• Recordkeeping and reporting
• Governance and oversight

Nonprofits should ensure their tax filings, operational records, and compliance procedures are accurate and up to date. Increased federal attention could lead to more audits, investigations, and enforcement actions involving tax-exempt organizations.

Olympus Tax Resolution helps organizations and individuals navigate IRS compliance issues, audits, and tax investigations.

Contact Olympus Tax Resolution today for professional guidance.

In December, Attorney General Pam Bondi ordered law enforcement officials to prioritize efforts to probe and prosecute groups and individuals belonging to the antifa movement or are deemed "extremist."

The IRS says average tax refunds in 2026 are up more than 10% compared to last year, with many taxpayers seeing larger r...
05/25/2026

The IRS says average tax refunds in 2026 are up more than 10% compared to last year, with many taxpayers seeing larger refunds due to recent tax law changes and expanded deductions.

According to IRS data, the average refund has climbed to more than $3,600 this filing season. Changes involving overtime pay, tips, and expanded child tax benefits are contributing to higher refund amounts for many households.

Taxpayers should still file carefully and avoid assuming they automatically qualify for every deduction or credit. Errors, missing documentation, and filing mistakes can still delay refunds or trigger IRS notices.

If you have questions about your refund, tax filing, or IRS issues, Olympus Tax Resolution can help you review your situation and stay compliant.

Contact Olympus Tax Resolution today for professional tax guidance.



As of late February, the average refund reached $3,742, up from $3,382 during the equivalent period in 2025.

The IRS has extended temporary relief for digital asset brokers through the end of 2026, giving crypto investors and bro...
05/20/2026

The IRS has extended temporary relief for digital asset brokers through the end of 2026, giving crypto investors and brokers more time to comply with new reporting requirements.

Under the extension, taxpayers may continue using their own books and records to identify which digital asset units were sold instead of relying solely on broker reporting systems. The IRS acknowledged that many brokers are still building the technology needed to support the new rules.

This relief may help crypto investors avoid reporting errors and unexpected tax consequences as Form 1099-DA reporting requirements continue to roll out.

If you own cryptocurrency or digital assets, now is the time to review your recordkeeping and tax reporting strategy. Olympus Tax Resolution can help you stay compliant and avoid costly mistakes.

Contact Olympus Tax Resolution today to discuss your crypto tax situation.

The IRS issued a notice extending temporary relief for another year on using alternative methods for brokers of digital assets, such as cryptocurrency.

With IRS staffing down by 27%, taxpayers could face longer refund delays and reduced customer support this filing season...
05/19/2026

With IRS staffing down by 27%, taxpayers could face longer refund delays and reduced customer support this filing season. Reports indicate that paper returns, amended returns, and filings requiring manual review may be especially impacted.

The best way to avoid delays:
• File electronically
• Choose direct deposit
• Double-check your return for errors
• Respond quickly to any IRS notices

If you are concerned about your refund, tax filing, or unresolved IRS issues, Olympus Tax Resolution can help you navigate the process and avoid costly mistakes.

Contact Olympus Tax Resolution today to speak with a tax professional.



With 27% fewer IRS employees in 2026 than last year, delays in processing tax returns could be on the horizon. How will understaffing at the IRS affect your refund?

Did you pay IRS penalties during COVID? You may be owed money back!Millions of Americans could qualify for refunds relat...
05/14/2026

Did you pay IRS penalties during COVID? You may be owed money back!

Millions of Americans could qualify for refunds related to IRS late filing or payment penalties charged between 2020 and 2023 because of a recent court ruling. The deadline to file a claim is July 10, 2026.

Individuals and businesses may qualify
Refunds could include penalties and interest
Claims are filed using IRS Form 843

Don’t wait until the last minute to find out if you’re eligible. Olympus Tax Resolution can help review your tax situation and guide you through the process.

Reach out to us today to learn more!

Millions of taxpayers may be owed an IRS refund for penalties or interest charged during COVID. You'll have to act quickly if you're one of them.

Big update for crypto reporting.The IRS has proposed new rules for electronic 1099-DA statements, moving digital asset r...
05/12/2026

Big update for crypto reporting.

The IRS has proposed new rules for electronic 1099-DA statements, moving digital asset reporting closer to a fully electronic system.

Here is what this could mean:
More efficient filing and fewer errors
Standardized formats for easier reporting
Increased transparency in digital asset transactions

If you are dealing with crypto or digital assets, this is something to watch closely as rules continue to evolve.

Read the full article:

Proposed regulations aim to making it simpler for digital asset and crypto brokers to provide the Form 1099-A electronically, instead of sending paper copies.

Before you get paid, you may be asked to sign an IRS form and it matters more than you think.The most common one is Form...
05/11/2026

Before you get paid, you may be asked to sign an IRS form and it matters more than you think.

The most common one is Form W-9, which confirms your taxpayer ID and tax status. Without it, your pay could be delayed or even reduced due to backup withholding.

In some cases, you might also be asked to sign less common forms that confirm how income is reported and taxed.

What to know:
A W-9 is standard for freelancers, contractors, and side work
Refusing to sign could trigger automatic tax withholding
What you sign affects how your income is reported to the IRS

Signing the wrong form or not understanding it can lead to tax issues later.

Find out which forms you should sign and what to watch out for before getting paid:

IRS says Form 4669 helps an employer to avoid penalties for failing to withhold taxes by showing the taxes were paid. But how can you certify that in advance?

The IRS just updated its tax withholding estimator, and it could impact your paycheck.The tool now reflects major change...
05/06/2026

The IRS just updated its tax withholding estimator, and it could impact your paycheck.

The tool now reflects major changes from the new tax law, including adjustments for tips, overtime, and other deductions that could change how much tax is taken out of your pay.

Why this matters:
Your take home pay could increase or decrease
You may need to submit a new W-4 to adjust withholding
Incorrect withholding could lead to a surprise tax bill later

The IRS says this update is designed to help taxpayers better match what they owe and avoid surprises at filing time.

Find out what changed and whether you should update your withholding:

The online tool is available 24/7 and does not require users to log in or provide personally identifiable information.

The IRS just released new rules tied to $1,000 payments connected to Trump accounts, and the details are raising questio...
05/05/2026

The IRS just released new rules tied to $1,000 payments connected to Trump accounts, and the details are raising questions.

The guidance is broad and could impact how these payments are treated for tax purposes, including reporting requirements and potential compliance issues.

For taxpayers and professionals, this is one to pay attention to as the rules continue to evolve.

Read more on what the IRS is saying and who could be affected:

Parents would have up to 17 years to claim $1,000 government payments to tax-advantaged savings accounts that Donald Trump’s tax law grants to most children born during the president’s second term under rules proposed Friday.

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