TAX ORGANIZER FOR CORPORATIONS, LLC

TAX ORGANIZER FOR CORPORATIONS AND LIMITED LIABILITY COMPANIES We have a list of items that will assist you in identifying and collecting the information necessary for us to properly prepare your business and investment Income Tax returns. For Business Tax Preparation, please gather the … [Read more...]

INDIVIDUAL TAX RETURN CHECKLIST

INDIVIDUAL TAX RETURN CHECKLIST We have a list of items that will assist you in identifying and collecting the information necessary to properly prepare your Income Tax returns. For your Personal Tax return, Please gather the following if they apply to you: __W-2 statements from … [Read more...]

TAX CUTS & JOB ACTS – 2018 TAX YEAR REVIEWED

TAX CUTS AND JOBS ACT OF 2017 – 2018 TAX YEAR REVIEWED   As we prepared tax returns for 2018, we noticed a few different pros and cons based on the enactment of Tax Cuts And Jobs Act of 2017. The following will be highlights of a couple of the groups who had that surprised look on their … [Read more...]

TAX DOCUMENTS – GETTING READY!!

We welcome you to our New Location starting FEBRUARY 1, 2018  1414 E. Thousand Oaks Blvd. #101, Thousand Oaks, CA 91362 New Address Only, Phones and Email remain the same PHONE (805) 495-4211     FAX (805) 374-6781   GETTING YOUR TAX DOCUMENTS READY   You can make Tax Time … [Read more...]

2017 Tax Saving Tips

Year End Tax Saving Tips As the year comes to a close, there are several tax saving strategies that could possibly help save you money when you prepare your tax return. Please note that these tax saving strategies will not apply to everyone and there are many other options not listed in this … [Read more...]

Organizing Your Tax Documents

GETTING YOUR TAX DOCUMENTS READY   You can make Tax Time easier with an early start. Maximize your deductions with planning and organization. By gathering your records as they arrive, you can make this a simple process allowing you to prepare your returns and receive your refunds … [Read more...]

IRS Warns about Fake Tax Notice Scam

IRS WARNS ABOUT FAKE TAX NOTICE SCAM The Internal Revenue Service (IRS) and its Security Summit partners issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. The IRS says that it has … [Read more...]

MARGINAL and EFFECTIVE TAX RATES

UNDERSTANDING THE US PROGRESSIVE INCOME TAX SYSTEM Misunderstandings about two different types of tax rates often create confusion in discussions about taxes. A taxpayer’s average tax rate (or effective tax rate) is the share of income that he or she pays in taxes. By contrast, a taxpayer’s … [Read more...]

New IRS Rules for Rental Property Owners – Avoid the 3.8 Percent Obamacare Tax

           Rental Property Owners can Avoid the 3.8 Percent Obamacare Tax An achievement of the Obama administration has been the 2010 Affordable Care Act, a.k.a. Obamacare. Part of the law is a 3.8%    investment income surtax that will be applied to “high-income” earners beginning in 2013. … [Read more...]

FILING A TAX EXTENSION

FILING A TAX EXTENSION The 2011 Tax deadline is near and many are dreading filing their income taxes or dealing with the IRS. The biggest fear for filing a tax extension are thoughts of being flagged as a late filer, being assessed penalties, or triggering an audit. Learning about filing a Tax … [Read more...]