by Dana Borys | Feb 6, 2025 | Corporate Tax Services, Individual Tax
If you are unable to pay the tax owed by the original tax return filing due date, you can enter into a payment plan agreement with the Internal Revenue Service (IRS). A payment plan is an installment agreement with the IRS to pay the taxes you owe within an extended... 
by Jessica Esquivel | Feb 4, 2025 | Corporate Tax Services, Individual Tax
In June of last year, the State of California enacted a temporary suspension of the Net Operating Loss (NOL) deduction. This suspension is part of a broader effort to increase state revenue and address budget constraints. Here is what taxpayers need to know about... 
by Sara Raby | Jan 31, 2025 | Corporate Tax Services, Individual Tax
The easiest way to keep your tax preparation costs down is to make it more straightforward for your preparer to complete your return and stay informed of your tax situation. Effective Ways to Keep Tax Preparation Fees Down #1 Turn your information in early When... 
by Christine Abellera | Jan 27, 2025 | blog, Corporate Tax Services, Individual Tax, Tax Credits
A fire ignited in the greater Los Angeles area on January 7, 2025 while aggressive Santa Ana winds picked up and spread the wildfires throughout Los Angeles County, giving rise to the Palisades, Eaton, Hurst and Auto fires. In response, thousands of people evacuated... 
by Naz Nasseri | Jan 23, 2025 | blog, Corporate Tax Services, Individual Tax
If you received over $5,000 in payments for goods and services through an online marketplace or payment app in 2024, you should expect to receive a Form 1099-K in January 2025. A copy of this form will also be sent directly to the IRS. Understanding Form 1099-K: What...