Tax Services, Solutions and Strategies

Time to amend your California 2013 Tax return for a refund?

If you ever had a short-sale or foreclosure of your property, you know the forgiven debt is treated as income.  This can be a sizable amount to add to your taxable income;  fortunately the federal tax code allows the exclusion for some or all of this income.  Often there are significant differences between federal taxes [...]

Common Taxpayer Misconceptions

Here is a list compiled by the National Association of Enrolled agents on the most common taxpayer misconceptions that lead to serious tax consequences. Many tax preparers would find these humorous. “My uncle has a foreign bank account and I’m also a signer on it – but he owns the account. I don’t have to [...]

Value of Enrolled Agents

Here is a common misconception: that all tax return preparers are federally licensed. Even CPA’s and most tax attorneys are licensed by their state, restricting the scope of who they can represent.  Enrolled agents can represent clients from anywhere in the U.S.A. and in many cases beyond. Many states have no special licensing laws for [...]

We fix tax returns!

  Help with letters from the IRS-don’t hide! Let us work with the IRS for you. Still need to file for this year or a prior year? We can do that. Forgot something on your return, we can help you amend. Is your refund not what you expected or did you owe tax? We can [...]

Tax Timing Tips

Even with the Fiscal cliff deals and the sequester throwing some curve balls at the IRS, the vast majority of forms people use to file are ready.  Some early filers may have had to wait, but most were not impacted In “tax season” there are two big peaks of activity.  The first half of February when most [...]