For the 2021 tax year, 3 things may delay your tax refund: the Advance Child Credit, Covered in California Health Insurance, and the Recovery Rebate Credit (Stimulus Money).
Most people believe they don’t have to report cryptocurrency, but the IRS has very specific rules for Bitcoin and other cryptocurrencies.
The COVID-19 outbreak has impacted your taxes in many ways. This is a fast-changing area of tax law. Check with us for the most recent developments. These rules are complicated, you need professional tax advice more now than ever. Here are some issues that may impact your tax return.
Employees can not take deductions for a home office on federal returns, but they can take deductions on their California returns.
With so much uncertainty due to COVID-19, many people have asked about the virtual tax return process Here’s how it works.
The dramatic 2019 tax changes were the biggest IRS revamp since the 1980s. The IRS is only now understanding how to interpret all of the comprehensive changes. Here’s a summary of some of the bigger changes.
California hasn’t complied with new federal tax changes, but all of the eliminated federal deductions may still be available to save you money on your California tax return.
As a tax prep professional in San Diego, I’ve been doing my homework to understand the new tax reform changes and how it will affect my clients. I’ve come to the conclusion that 2017 will mostly be the same, and 2018 is going to be a whole new ballgame.
Washington is working to change how Americans’ pay their taxes.How some of the proposed changes will impact what you will pay in 2018. Right now, Washington is working to change how Americans’ pay their taxes. It’s still early, and it remains to be seen if they will manage to put any of their ideas into…