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 changes with a table that you can use as a guide. […]
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. We are here until 5 PM and can help with your […]
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 low prices but you will be surprised that having a tax […]
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 your household finances. These ten states impose some of the lowest […]
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 to get back from the government sounds harmless. Tax refund anticipation […]
“Tax Fraud Queen” Sentenced to 21 Years in Prison 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 like Facebook, Twitter, […]
IRS Budget Cuts May Make For A Nasty Tax Filing Season The Internal Revenue Service on Tuesday began accepting tax returns electronically, and paper returns will begin to be processed at the same time. In a statement, the IRS reminded taxpayers that filing electronically is the most accurate way to file […]