Overtime pay is an integral part of many workers’ compensation packages, offering earnings for putting in extra hours beyond the standard workweek. While employees may appreciate the boost to their paychecks, questions often arise about how overtime earnings are taxed. Understanding the tax treatment of overtime pay is essential for managing your finances and avoiding […]
How Local Sales Tax Impacts Your Online Business
Key Takeaways: Local sales tax laws are some of the most confusing (but crucial) items for online business owners to understand. As e-commerce continues to boom, states and local governments are getting increasingly aggressive in enforcing tax collection from remote sellers. If you’re an online entrepreneur, understanding how local sales tax impacts your online business isn’t […]
Optima Tax Relief Launches Comprehensive Disaster Tax Relief Guide to Help Taxpayers Navigate IRS Changes
Leading Tax Firm Empowers Disaster-Affected Taxpayers With Expert-Reviewed Relief Insights Optima Tax Relief, the nation’s leading provider of tax resolution services, has announced the launch of its new Disaster Tax Relief Guide to help taxpayers better understand and access the tax relief options available to them during federally declared disasters. This new digital guide aims […]
IRS Tax Liens & Your Property: What You Need to Know Before It’s Too Late
Do you owe the IRS? If so, you could be at risk of a federal tax lien—a public claim on your property, assets, and financial future. CEO David King and Tax Attorney Philip Hwang break down what a lien means, how to resolve your tax balance, and why waiting to act could cost you everything. […]
Back Taxes and Divorce: Who Pays What?
Divorce often accompanies financial complications, and one of the most overlooked but critical issues is back taxes. 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 […]