New Twist for Kiddie Tax with a Refund Opportunity

New Twist for Kiddie Tax with a Refund Opportunity

On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…
Childbirth and Adoption Penalty Exception Added

Childbirth and Adoption Penalty Exception Added

On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…
Did You Pay Tax on Home Mortgage Debt Relief in 2018? You May Be Entitled to a Refund

Did You Pay Tax on Home Mortgage Debt Relief in 2018? You May Be Entitled to a Refund

On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…

February 2020 Individual Due Dates

Don't miss these February due dates! February 1 - Tax Appointment If you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you. February 10 - Report Tips…
Mortgage Insurance Premium Deduction Retroactively Extended

Mortgage Insurance Premium Deduction Retroactively Extended

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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…
Will Independent Contractors Become Extinct?

Will Independent Contractors Become Extinct?

The California legislature recently passed landmark labor legislation that essentially makes it very difficult, if not impossible, for a worker to be classified as an independent contractor (self-employed). Governor Newsom was quick to sign…
Employer’s Pension Startup Credit Substantially Increased

Employer’s Pension Startup Credit Substantially Increased

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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…

Do I Have to File a Tax Return?

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This is a question many taxpayers ask during this time of year, and the question is far more complicated than people believe. To fully understand, we need to consider that there are times when individuals are REQUIRED to file a tax return, and…
2020 Standard Mileage Rates Announced

2020 Standard Mileage Rates Announced

The Internal Revenue Service (IRS) computes standard mileage rates for business, medical and moving each year, based on a number of factors, to determine the standard mileage rates for the following year. As it does annually around the…
Congress Allowing Higher Medical Deductions for 2019 and 2020

Congress Allowing Higher Medical Deductions for 2019 and 2020

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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including extending certain tax provisions that expired after 2017 or were about to expire, a number of retirement…