Form 8300 – What Is It and Who Needs to File?

Form 8300 – What Is It and Who Needs to File?

Taxpayers involved with cash intensive industries, like cannabis, need to be aware of additional filing requirements with the Internal Revenue Service (“IRS”) and the Financial Crimes Enforcement Network (“FinCEN”) when receiving cash.  Those who fail to comply face...

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The IRS Tax Withholding Estimator

The IRS Tax Withholding Estimator

Federal income tax withholding is key to avoiding unexpected tax bills at year's end. Your employer plays a significant role in this by deducting taxes based on your earnings and the information you provide on Form W-4. Understanding this process and using tools like...

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Why You Need an IRS Online Account

Why You Need an IRS Online Account

Taxpayers involved with cash intensive industries, like cannabis, need to be aware of additional filing requirements with the Internal Revenue Service (“IRS”) and the Financial Crimes Enforcement Network (“FinCEN”) when receiving cash.  Those who fail to comply face...

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IRS Business Tax Account

IRS Business Tax Account

Setting up an Internal Revenue Service (IRS) Business Tax Account is a helpful way to view tax information.  It can save you time and frustration from having to wait on the phone with the IRS. Depending on the type of business you participate in, you will have access...

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New Property Taxes for Short Term Rentals in California

Self-Employed Retirement Plans

Traditional or Roth IRA An individual retirement account (IRA) is one of the simplest options with lower contribution limits. The main difference between a Traditional and a Roth IRA is how and when you get a tax break. With a Traditional IRA, you may be able to...

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Important Tax Filing Deadlines

Important Tax Filing Deadlines

A question CPA’s are commonly asked is “when is my tax return due?”  Below is a quick summary of some of the most common tax deadlines for calendar year-end filers (note, fiscal year-end filers and state income tax return filing dates may vary): January 31, 2024 -...

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