Here are some things you should do to make tax season a little easier: 1) Find a special folder or box to collect all tax documents when they start snailing in in January/February. That way no matter who gets the mail, they know where to put the Important Tax Information. 2) Total up all your…
The W-4 form is what your employer/payroll department uses to calculate the withholding on your paycheck. It used to have you claim “exemptions” per person in your household. You probably remember claiming something like Single 3 or Married 4. Well those are the days of the past! The new forms are going to be a…
Did you owe taxes last year? Did your kid graduate college? Did you get married? or have a baby? Did you get a raise? These are all reasons to double check your withholding at work. If you don’t withhold at least 90% of your liability for the year (80% for 2018 due to the new…
The IRS has an estimated $1,000,000,000 (BBBBBillion!) dollars in owed tax refunds for people who have not yet filed their 2011 taxes. In CA alone, they have $92M of our hard earned money! The DEADLINE to claim you money is April 15th 2015! If you have not filed, contact a tax professional ASAP! Remember, there…
We all know that new tax regulations can cause hiccups when filing your tax return, and the new Covered CA/ObamaCare has been no different. Its been a challenge to correctly report the tax form 1095-A, especially when commingled with private insurance coverages throughout the year or for separate household members. But I don’t think anyone…
Please tell everyone you know- The IRS will NEVER call you! BE AWARE! There is a very aggressive call scam trying to steal your personal information! You will first receive a call “from the IRS”. They will tell you that you owe back taxes and must pay immediately. They may even threaten your home or belongings….
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