Tax filing status impacts several key areas of your federal tax return:
whether you are required to file, the size of your Standard Deduction,
your tax rate, your eligibility for specific tax credits, and
ultimately, the amount of tax you owe (or the...read more
The first step to maximizing your tax refund - and possibly keeping the
IRS at bay - is to use the correct filing status on your tax returns. If
only it were as simple as choosing Single or Married. But alas, there
are a whopping five (5) filing stat...read more
Be prepared and make tax preparation a breeze! Imagine how beneficial
and stress-free it would be to not rush around last minute gathering
your tax info. You can begin by making a list of what's changed since
last year and gather your supporting docu...read more
The end of the year is more than just holidays, great food, and family!
It’s also the perfect time to make smart money decisions, take action to
reduce your tax liability and give yourself peace of mind! The following
links are filled with tips and s...read more
Would like to know when I can start running different scenarios for 2025
taxes. Trying to find the best time to sell rental property in the next
few years.
I live in my primary Home 21 years then purchase a new property and
didn’t move right away cause it needed it some repairs so I am
back-and-forth from my primary residence to the new property which I am
looking to move in permanent as a primary resid...read more
I live in my primary Home 21 years then purchase a new property and
didn’t move right away cause it needed it some repairs so I am
back-and-forth from my primary residence to the new property which I am
looking to move in permanent as a primary resid...read more
I have used TurboTax on my MAC for over 10 + years. I just downloaded
the 2025 desktop version. The GUIDE ME option is in gray. Usually when I
start my taxes they ask if I filed last years and imports most of my
information from the 2024. What is wro...read more
I received a penalty notice for failure to timely file and pay estimated
taxes. Due to the fires, residents of Los Angeles County were granted
disaster relief in the form of an extension of time within which to file
and pay their taxes to October 15,...read more