The 2023 tax filing season will be different than the past few years. That said, getting prepared early can help make the process much easier. Some of the changes expected in 2023 could affect tax bills, which in turn could affect tax […]
Optima Newsletter – December 2022
Tax Forms for Self-Employed Individuals Filing taxes when you are self-employed can be very complex. One of the ways you can better prepare yourself for the filing season is to ensure you have all the correct and relevant tax forms. Read More […]
Optima Tax Relief Named an OC Top Workplace for Eighth Year
Landing at No. 4 on this year’s list, the company was one of only two companies to rank in the “Top 5” over the last five years. Optima Tax Relief, the nation’s leading tax resolution firm, has been honored as a 2022 […]
An Overview of Sin Taxes
With sports betting on the ballot this past midterm election, many wonder if sin taxes are healthy for the economy. These taxes have been levied both at the federal and state levels. Here are some examples of sin taxes and what they […]
Optima Newsletter – November 2022
Expenses You Didn’t Know Were Tax Deductible Tax deductions can help lower your tax bill and even increase your tax refund on your return. Here are seven tax deductions you might not know are deductible. Read More How to Avoid Tax Scams […]
An Update on Fed Rate Hikes
American households have been feeling the full effects of inflation all year with rates at their highest since early 2008. To support a healthy U.S. economy, the Federal Reserve, also known as the Fed, has raised its federal funds rate. Put simply, […]
Which Income Types Are Taxable?
Generally speaking, most income sources are taxable. However, there are some income types that are exempt from taxes. CEO David King and Lead Tax Attorney Philip Hwang discuss different kinds of income that may or may not get taxed and provide insight […]
Divorce Can Impact Your Tax Liability – Who is Responsible?
Filing taxes after a divorce can be complicated, especially when sorting out the tax liability that the parties are legally responsible for. CEO David King and Lead Tax Attorney Philip Hwang discuss how married couples should file their taxes, as well as […]
How to Maximize Tax Benefits of Gifts
Whether you’re a frequent or seasonal giver, you should know how giving affects taxes. Giving can affect taxes in several ways, primarily through deductions and credits. Here are some frequently asked questions on how to maximize tax benefits of gifts. What is […]
How to Expense Business Repairs
Certain business owners, including sole proprietors, businesses and rental property owners, can deduct expenses related to maintenance and repairs. The deductions must apply to their property and equipment or vehicles. However, once the repair becomes classified as a betterment, restoration, or adaptation to […]