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 […]
Unfiled Taxes From 2018 and prior? It Could Affect Your COVID19 Stimulus Check.
As of today, Congress is still negotiating the COVID-19 Stimulus payment checks. Once settled they will work with the IRS to get those checks out to us. Yes… I said Congress is working with IRS; SO if you have not filed prior year taxes, you may have an issue on your hands. Here’s a statement […]
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, […]
It’s Tax Time – What Do I Need???
The 2019 Tax Season officially began on January 27th . So if you haven’t started getting ready for it… IT’S TIME! Here are the things you may need to gather so you’ll be ready for tax preparation services: IF you worked, received social security or retirement income, received a settlement payment, received Unemployment Insurance payments, […]
No More Deduction for Job Expenses, Including Home Office
Back in the day folks could use certain out-of-pocket employment expenses as a tax write-off; but as 2018 things have changed. Now, remember… I’m talking about potential w2 employment expenses, NOT self-employment expenses. Here are some examples of job expenses that were deductible for tax years 2017 and before, but are now not deductible for […]
Do You Make Charitable Contributions From Your Business???
So you enjoy giving money to charitable organizations, do you??? Yes! I knew you did. You love to give to great causes and so do I. So give and don’t stop. In addition to the good feeling of giving, it’s also kinda nice knowing you can write those donation off on your taxes. Right??? Well.. […]
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 […]