Seasonal employment can provide a great way to earn extra income during busy periods, such as the holiday season, summer, or specific events. However, seasonal employees often face unique tax considerations that differ from those of full-time, year-round workers. To make the most of your seasonal job while staying on the right side of the […]
Articles by Elyssa Carlos
How Financial Aid Affects Your Taxes
Receiving financial aid can be a crucial lifeline for students pursuing higher education. It helps alleviate the burden of tuition and related expenses. However, many recipients of financial aid may not realize that it can have significant implications for their tax returns. Understanding how financial aid affects your taxes is essential for staying compliant with […]
Tax Tips for Farmers
Like any other business, farmers need to manage their finances effectively. They also need to be aware of the tax implications of their operations. Whether you’re a small-scale family farm or a large agricultural enterprise, understanding the tax system can help you save money and ensure compliance with the law. In this article, we’ll explore […]
Ask Phil: State Taxes
Today, Optima Tax Relief’s Lead Tax Attorney, Phil Hwang, discusses state taxes and collections, including how they differ from federal taxes and collections.
State tax collections and federal tax collections are two distinct systems of revenue collection within the United States. Here are some key differences between them.
Airbnb and Taxes: What You Need to Know
In recent years, sites like Airbnb, HomeAway and Vrbo have emerged as popular platforms for homeowners and renters to share their spaces with travelers, offering an alternative to traditional lodging options. While hosting on Airbnb can be a profitable venture, it also comes with important tax implications that hosts should be aware of. In this […]