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Never too early to get your 2017 preparations on their way.

IRS Announces 2017 Tax Rates, Standard Deductions, Exemption Amounts And More The Internal Revenue Service (IRS) has announced the updated numbers for 2017. You'll find the 2017 tax rates, standard deductions, personal exemptions, and more here.

https://www.irs.gov/uac/irs-and-security-summit-partners-warn-of-fake-tax-bill-emails

IRS and Security Summit Partners Warn of Fake Tax Bills WASHINGTON — The Internal Revenue Service and its Security Summit partners today issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act.

Did you file an extension in filing your 2015 taxes? Call us today to schedule your appointment to turn them in before the October deadline.

IRS Warns Taxpayers of Summer Surge in Automated Phone Scam Calls; Requests for Fake Tax Payments Using iTunes Gift Cards
https://www.irs.gov/uac/irs-warns-taxpayers-of-summer-surge-in-automated-phone-scam-calls-and-requests-for-fake-tax-payments-using-itunes-gift-cards

IRS Warns Taxpayers of Summer Surge in Automated Phone Scam Calls; Requests for Fake Tax Payments Using iTunes Gift Cards IR-2016-99, August 2, 2016 español

DO YOU OWN DIGITAL CURRENCY?

It is considered property by the IRS and has taxable consequences when you used, yes even for that cup of coffee. Taxpayer is responsible to track and show proof of fmv of the Bitcoin when they receive it and they use it. Simply stated Digital currency is being treated the same as if you purchased stock, even if you are earning Bitcoins. Bitcoin is one example of a convertible virtual currency. Bitcoin can be digitally traded between users and can be purchased for, or exchanged into, U.S. dollars, Euros, and other real or virtual currencies.

https://www.irs.gov/uac/newsroom/irs-virtual-currency-guidance

IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax... WASHINGTON — The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency.

Did you not file your taxes this year or simply forget? Here are some tips from the IRS on what to do. If you need help, please contact us today at 714-777-3184
https://www.irs.gov/uac/Tips-for-Those-Who-Missed-the-Tax-Deadline

Tips for Those Who Missed the Tax Deadline Monday, April 18, was the tax deadline for most people in 2016. If you didn’t file a tax return or an extension to file but should have, take action now. If you missed the tax filing deadline:

Tomorrow is INCOME TAX DAY! Have you filed already? Are you not going to make tomorrow's deadline? If not contact us today at [email protected] today to file an extension.

Tax Tip: Everyone should set up an FTB account in order to curtail future delays with communicating with the FTB on tax matter.
https://www.ftb.ca.gov/

Franchise Tax Board Homepage Personal and Business Income Taxes, Residents, Non-residents

1 week until TAX DAY, April 15th. Do not delay, give us a call to set up an appointment, 714-777-3184

April 15th is fast approaching. Let us help you with your tax preparation needs. Call us today at 714-777-3184 to schedule an appointment with us.