Tax “deferred” retirement savings plans (IRA, 401k…) feel smooth now, but they have a nasty bite in the end. All of my tax clients who saved for retirement using tax deferred plans are now paying taxes up the wazooooo! They’re paying taxes on the income they “deferred” PLUS any interest or dividends that money gained. […]
The American Rescue Plan Means More $$$ for Most Taxpayers
If you have been following the news, you know the new COVID relief plan should be signed by President Biden today. It’s called The American Rescue Plan. This plan not only includes another $1400 in stimulus payments for tax payers and their dependents, but it also includes other tax benefits for certain individuals applicable for […]
Hello. Have you filed your taxes yet???
The 2019 deadline to file and PAY your taxes is days away!!! July 15th to be exact. I still have space to take a few more tax returns, but You CAN request an extension to FILE your taxes, but there is no extension to PAY any taxes owed. To avoid penalties and fines you must […]
Little Ways Having a Side Biz Helps You Keep More Of Your Money (video) – Ep005
This is episode 005 in the Words About Work, Wealth and Money series. In this video I present a “case study” on little ways having a side biz helps you keep more of your money. I discuss these four phrases originally presented in episode 001 of Work, Wealth and Money. Have a legitimate Side Biz […]
UPDATE: 2019 IRS and CA Tax FILING and PAYMENTS Extension Now July 15th
The news regarding COVID-19 is forever changing. I will do my best to keep you updated with information pertaining to tax filings, payments and a few other interesting financial news. As of today, March 20, 2020 the IRS and CA Franchise Tax Board have both changed their tax filing AND payments deadline to July 15, […]
Tax Extension Due to COVID19 – Is a PAYMENTS Extension Not a FILING Extension
I hope you are staying safe during these unprecedented times of the COVID-19 Coronavirus shelter-in-place mandate. Many of you may have heard the Trump Administration’s announcement concerning tax payment extensions. What this means is if you OWE IRS taxes on your 2019 income, that payment date is postponed from April 15, 2020, to July 15, […]
I Have Business Expenses – What Do I Need to Write Them Off?
Alright my lovely business owner, freelancer, independent contractor, gig-worker, side hustler, solopreneur … You get the picture. You’ve been spending money working one your business, and you want to know how you can use those business expenses as a deduction against your income. There are so many details I can and should share with you […]
MyWalkTax – 2019 Tax Filing Season Update
Hello Clients and Friends: The 2018 Tax Season officially began January 28th. I am ready to serve your tax preparation needs, so you may start sending your documents over at any time. Please take a moment to read the details below. Getting Your Documents To Me, Drop-Offs and Appointments CURRENT CLIENTS: In order to meet […]
It’s Tax Time – What Do I Need?
You only do it once a year, so it can be difficult to remember what documents are needed. If I’m your tax preparer, start with this one 2016 Client Tax Questionnaire Client Tax Questionnaire, and provide a copy of your social security card and your state issued identification. Next, do the following: FIRST – — Verify the […]
2016 Tax Season Begins!
Hello Clients and Friends The 2016 Tax Season officially begins on January 19. I will officially begin working with clients on Friday, January 22nd. You may start sending your documents over at any time. In Addition To Your Normal Documents, Please Make Sure You Send: The attached questionnaire. Click here to download 2015 Client […]