Articles by Elyssa Carlos

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 Top Workplace winner by the Orange County Register for the eighth consecutive year. […]

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 mean for the economy.  What is a sin tax?  A sin tax is […]

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, the federal funds rate is a suggested interest rate for banks to use […]

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 on how you can find out if your income is taxable or not. […]

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 they can end up with a tax balance after a divorce – […]