CA Conforms to Federal Qualified Disaster Provisions

California now conforms to the Federal provision that allows the Taxpayer the option of including the qualified disaster distribution over a 3 year period.  Previously California did not conform to this Federal provision. Qualified Disaster Distributions: Federal law allows the option of spreading out income inclusion of up to $100,000 from eligible retirement plans over […]

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2018 Tax Deadlines

Deadlines: For 2018, the original filing deadline for 2017 personal income tax returns is Tuesday, April 17, 2018. Business due dates are as follows: Business Tax Renewal Forms are Delinquent After February 28, 2018. For your convenience you can electronically file at finance.lacity.org For more Information please visit the following links: Renewal Information 2018 Business Tax Information New […]

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Bitcoin Tax Implications

Bitcoin is a cryptocurrency that has grown extraordinarily over the past seven years. I have clients who have used, exchanged, and traded bitcoin and are confused on how the determine the tax for their cryptocurrency. I understand an attractive aspect of using cryptocurrencies is that there are no intermediaries that demand a cut, but that […]

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Important message

Dear Clients, We appreciate your business and our firm is readily available to help each of you file your 2015 income tax return. Please remember that we do get booked quickly and want to let everyone know that you can e-mail us your documentation ahead of your appointment to facilitate the filing process and if […]

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