Big new business deduction for qualified business owners
One of the highlights of the 2018 Tax Cuts and Job Acts is that now eligible taxpayers may now deduct up to 20% of certain business...
Tips for amending a tax return
What taxpayers should know about amending a tax return Taxpayers who discover they made a mistake on their tax returns after filing can...
Entity election in Cali
If you are going to set up an entity (Scorp or LLC) please be ready to use it. In some states like California, there are annual fees...
Commingling Accounts
If you are self employed (paid with a 1099) it is very important to keep accurate records. The first thing I advise to my clients is to...
DON'T FALL FOR SCAM CALLS!
Don’t Fall for Scam Calls and Emails Posing as IRS Scammers and cyberthieves continue to use the IRS as bait. The most common tax scams...
Logging mileage
Are you paid with a 1099-Misc? If yes, than you probably already know that you are considered self employed in regards for that...