“Only about 1% of taxpayers are audited. What triggers an audit is generally something on the tax return that’s out of the ordinary,” he says. “For example, if you have a side business and file a Schedule C, the IRS […]
The IRS adjusted its contribution limit to your retirement account. You’ll be able to avail of the additional tax savings when you file your taxes in 2020. Generous employers can give you extra towards your retirement account. We summarized the […]
Even if it’s a holiday, Local Tax has normal office hours. If you have any concerns or questions about your returns, call us today! You can also drop by our office in Bellflower for more detailed assistance with your returns. […]
The federal tax extension deadline is on Oct. 15.
In Los Angeles County, there are 244,000 registered businesses. From one-man team proprietors to companies that manage hundreds of employees. They have one thing in common in regard to keeping an eye to profitability – bookkeeping.
In addition Los Angeles Property owners and nonprofits are on track to get significant tax savings estimated to $620 million for the tax year 2019-2020.
With the tax extension deadline due on October 15th, having a local tax professional on your side gives you the peace of mind that your returns will be filed on time and professionally. Yes, there is tax software that has […]
10 Most Tax-Friendly States in the U.S. Given a choice of several job opportunities across the country, or several contiguous states in which to live for a job in the area, don’t overlook the impact of state and local taxes on […]
5 Easy Ways to Fight the Urge to Borrow Against Your Tax Refund Sometimes we need money as soon as possible but borrowing money is not always a good idea. Taking out a loan based on the money you’re expecting […]
Tax fraud has always been a problem, and with the growth of the internet, the identity theft business has been booming. One particular case sticks out from the rest. Self-proclaimed “Tax Fraud Queen” Rashia Wilson posted on social media sites […]