How to Handle All Those Tax Forms
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All That Stuff You Forgot To Ask Us
Happy New Year! Every year, about this time, me and the team field call after call that starts with something like “…I forgot to ask you…” Fear not! We’ve been taking notes and we wanted to give you a few answers to the most common questions that we’ve heard this year, along with some observations…
New Year’s Resolutions?
Happy New Year! So here we are, another year older and presumably another year wiser. Undoubtedly, you’ve made a list of resolutions that might look suspiciously like last year’s – get in shape, save more money, make more money, etc… and, well, I have to ask you – why? You didn’t do them last year.…
Losing your deduction for fire loss and much more!
Thank you to TaxMama for this update.”..One major 2018 issue that really needs to change is the loss of the deduction for casualty and theft losses. For instance, if you have a fire in your home, or if someone steals your identity and wipes out your bank accounts, or you fall for a Ponzi scheme…
2018 Tax Season begins January 29
The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018.…
Did you take a picture of your odometer?
It is January 1st: If you deduct your mileage, take a picture of your odometer today. The IRS requires contemporaneous proof and a photo of starting mileage for the year is excellent proof for those purposes. Pass it on to your clients.
W-2 AND a 1099? Here’s What To Know!
Happy New Year! As we recover from the collective hangover that was 2017 and look forward to 2018, a lot of new contractors began working in 2017. With the advent of Uber, UpWork, Fiverr and Lyft, contractors are everywhere and the chances for taxation missteps are, too. If you sought to fill in some income…
Guest Speaker for County of San Bernardino – Coverage California & Tax Issues
This morning I spent a few hours doing some tax training for County of San Bernardino to discuss Affordable Care Act, Covered California, and IRS. I got to share some of my knowledge with County officials, Certified Enrollment Counselors, and Community Partners.
Speaking to City of San Bernardino About Tax Implications of Affortable Care Act/Covered CAlifornia
Yesterday, I attended an event by Covered California where some top officials flew in from Sacramento to have a discussion about Covered California and current updates, concerns, tips for the last month of open enrollment. It really bothered me when they mention there was over 700 registered agents in the area that was notified about…