Tax Penalties in California Taxpayers who are required to pay California estimated taxes often don't pay or end up paying late. Taxpayers may be charged a penalty listed on FTB Form 5805. There are some points that we have to talk about in case you as [...]

First things first In January, employers and other agencies will begin submitting the tax forms needed to file. Before you meet with a tax preparer or begin filing online, it's important to make sure you have all the forms you may need. These documents can be used for both, your federal and California [...]

Topics to review - During retirement - Disability case - Economic assistance Social secutity benefits Let's talk about some benefits you can get about your SSN Contact us for a free quote Social Security is a federal government program that provides assistance to people who [...]

INCOME TAX Income taxes are calculated based on income. The tax authority takes a portion of your income, in the form of a tax. Income tax is a direct tax that a government levies on the income of its citizens. The Income Tax Act, 1961, mandates that the central government collect this tax. The [...]

Who can file a federal income tax return? Learn the most important points about it Not everyone who has incomes must file a tax return. The obligation to file the tax return depends on: Marital status, age, type of gross income per year. In general, who [...]

Increased mileage rate for remainder of 2022The IRS announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.Missed the April tax deadline? File and pay by [...]