The Tax Cuts and Jobs Act of 2017(TCJA) limited individual taxpayer’s deductions for state and local taxes paid to $10,000 per year.
On Thursday, April 29th, Governor Newsom signed California Assembly Bill 80 which partially conformed with the Federal tax treatment of PPP loans.
The recent news that the Treasury Department and Internal Revenue Service have extended the upcoming tax filing deadline continues to cause confusion for many people. Therefore, we are posting this important update to help provide more clarity.
With the passage of Proposition 19 and the change of administration in the White House, there is a lot of confusion about real property transfers, capital gain and estate taxes.
Proposition 19 goes into effect on February 16, 2021 and the favorable property tax reassessment terms for gifts from parents to children are going to change.
There’s a lot of confusion surrounding the Earned Income Tax Credit. To help clear it up, here are eight myths about the EITC – and our responses to them.
If you have your business tax payments set to auto-pilot, check those addresses: The IRS is closing business payment P.O. Boxes in the Cincinnati and Hartford areas beginning July 1,2020.
With tax season in full swing (it kicked off January 27, 2020), the Internal Revenue Service (IRS) has issued a reminder to taxpayers to avoid unethical “ghost” tax return preparers.
You’re the only one who can find the perfect tax preparer for you: there’s no one size fits all. We can, however, offer you a few tips to help you figure out how to find the best tax preparer for you.
While there probably aren’t quite 1,099 hassles to 1099 preparation, it certainly can feel like it when you’re scrambling to get them all prepared and filed on time.
2019 IRA contributions can be made until the tax filing deadline of April 15, 2020.
To assist you in gearing up for the coming year, we have provided updated rates and limits for 2020!