/Tag: tax cpa santa monica

Tax Reform 2.0 – Here’s what you need to know

By |2018-09-25T21:40:44+00:00September 19th, 2018|Categories: Tax Cuts and Jobs Act, Tax Planning|Tags: , , , , |

On September 13, the House Ways and Means Committee passed three separate bills that will be the cornerstone of what is being referred to as Tax Reform 2.0. The bills focus on making permanent certain provisions of the Tax Cuts and Jobs Act (TCJA) that affect individuals, families, and small businesses. They also promote family [...]

Tax Relief Available for Recent California Wildfire Victims

By |2018-03-06T21:46:35+00:00March 6th, 2018|Categories: Tax Planning|Tags: , , , , , , |

The Bipartisan Budget Act of 2018 was signed into law on February 9th, 2018.  The act includes several provisions aimed at helping victims of the recent California wildfires. Casualty Loss Reporting For qualified wildfire losses on or after October 8, 2017, the act eliminates some of the restrictions involved in claiming these losses, as follows: [...]

Looming tax reform creates year end tax planning challenges

By |2017-10-26T18:45:12+00:00October 26th, 2017|Categories: News|Tags: , , , , , , , |

As the end of 2017 approaches, the prospect of dramatic tax reform could mean year end tax planning challenges for businesses. In late September, the Trump administration and Republican congressional leaders unveiled their Unified Framework for Fixing Our Broken Tax Code. The framework proposes reduced tax rates for businesses and changes to a variety of business [...]

12 Steps to Reconstruct Your Records After a Disaster

By |2017-10-13T20:46:38+00:00October 13th, 2017|Categories: Tax Planning|Tags: , , , , , , |

Victims of the recent California wildfires might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. Here are 12 things you can do to help reconstruct records after disaster strikes: Obtain free tax return transcripts by using the Get Transcript tool on IRS.gov, [...]

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