Choosing the Right Tax Filing Status: A Guide

Choosing the Right Tax Filing Status: A Guide

When it comes time to file your taxes, your filing status is a crucial choice that affects whether you need to file a return, your standard deduction, and the amount of tax you owe. Your filing status also determines eligibility for certain deductions and credits....
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...
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...
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...
Filing extension announced for San Diego County

Filing extension announced for San Diego County

Due to severe storms and related flooding, the IRS announced on February 27, 2024, that individual and business taxpayers in San Diego County are granted automatic filing relief until June 17, 2024. The Franchise Tax Board has confirmed that California will conform to...