Where has the time gone?!?!? Today is March 18, 2023 and there are only 20 more days left to get all your tax documents to me for an on-time tax filing of your 2022 income. The key dates you should know are as follows: TAX APPOINTMENTS DEADLINES Please book your appointments online at your earliest […]
IRS Key Filing Season Dates
Its Tax Season… kinda Thanks to all the last minute tax law changes, we’ll be off to a late start; but, unless something changes the deadline will still be the same. So let’s go ahead and get this party started. There are several important dates taxpayers should keep in mind for this year’s filing season: […]
COVID Property Tax and Mortgage Relief for California Home Owners
Governor Newsom signed an executive order suspending penalties and interest for late property tax payments all the way until May 6, 2021.This relief, however, is not automatic. You actually must apply for relief through their county tax assessor, and only applies to people who pay their property tax directly to the county. If you use […]
I Provide Professional Services! Do I Qualify for the QBI or not?
This is by far one of the most bizarre tax code complications I’ve seen this year. So if I’m confused, I’m sure you are too. But, finally the IRS has decided to clarify who is, and is not included on the specified service trades or businesses (SSTB) list, and therefore disqualified to receive the Qualified […]
2018 Tax Reform on Business Meals & Entertainment – Mostly gone except…
Business meals and entertainment suffered a blow in the new 2018 tax reform bill… BUT if you’re serving meals or refreshments to prospects as part of a sales presentation that is open to the general public (meaning not just to your family and friends), the expense then qualifies as a “presentation” aka “promotional” expense, and […]
Worried about the 2018 Tax Changes?
So…. When I first heard about the tax bill changes, I admit, I became a little concerned. But the longer I thought about it, the more comfy I became. I’m neither Democratic nor Republican, so that affords me the option to NOT automatically take a side simply based on what the general population believes to […]
California Franchise Tax Board Information Directory
For as long as I can remember, it’s been near impossible to find the correct department to contact when California taxpayers have an issue with their income taxes. That’s why I’m so happy to be able to share this new directory with you! CA FTB Information Directory provides a pretty exhaustive list of FTB phone […]
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 […]
An Income Tax Preparers’ Secret Loves
I’m sitting here working on my clients taxes and thinking… There are a few things I LOVE to see and hear from my clients. I decided to share a few of them with you. I LOVE to see Form 1099-INT (Interest Income) that is independent from your to do with a home mortgage escrow account. […]