How to File and Pay California’s LLC Tax
An LLC is a business setup that treats the business as a separate entity from the owner in the eyes of the law. If the business is sued or owes money, the owner isn’t personally liable. The owner’s personal properties, such as a car, house, personal bank account, etc., are not at risk. Small business […]
Filing IRS Tax Form 2441: Child and Dependent Care Expenses
When it’s tax season, every deduction counts, especially for working parents & caregivers. According to the U.S. Department of Labor, families spend between 8.9% and 16% of their median income on full-day care for a child. The actual annual cost even exceeds $10,000 per child! Sometimes surpassing $15,000 in high-cost urban areas. IRS Form 2441 […]
IRS Form 3911: Track Down Your Missing Tax Refund Fast
Each year, millions of Americans miscalculate their taxes and miss out on their rightful tax refunds. The IRS has rolled out updates and policy changes in 2025, making the refund process simpler. Whether you’re an individual or representing a company, understanding how tax refunds work is crucial for managing your finances effectively. This article provides […]
Texas Property Tax Relief 2025 Key Changes and Beneficiaries
In June 2025, the government signed three key bills related to HB 9, SB 4, and SB 23, which pertain to Texas property taxes. This landmark event is a first for property owners in Texas, as this move marks the most significant property tax relief initiative in the state’s history. Texas Property Tax Relief could […]
What is IRS Form 5329, When Should I File It?
IRS Form 5329 acts as both a penalty calculator and, if needed, a mini tax return when filed alone. This article provides an overview of Form 5329, situations requiring the form, instructions on filing, and practical tips in a Q&A format to skip to the section that’s most relevant to you. Table of Contents What is […]
Texas Property Taxes & Tax Exemptions in 2025
Texas might seem like a tax haven for residents, with no state income tax, until you factor in the Texas property tax. Not only is Texas’ property rate one of the highest in the country, overtaking California by a large margin, but the taxation process is also quite complex. Real estate accounting is a complex […]
How to File IRS Form 1310: Everything You Need to Know
“How do I handle filing taxes and tax refunds when a loved one is deceased? This is an emotional time.” If the deceased never filed taxes jointly or didn’t appoint an executor, you’d have to use IRS Form 1310. The form is used when you’re claiming a refund for a deceased person, but you aren’t […]
California Estate Tax: Here’s Why you Have to Act Fast?
Are you a California resident seeking to maximize your wealth, protect your loved ones, and minimize taxes through effective estate planning? With 2025 ushering in the final year of high federal exemptions, estate planning has never been more crucial. California Estate Tax: This blog explores innovative, legally approved strategies—like lifetime gifting, trusts, and step-up in […]
Everything You Need to Know About IRS Form 1096
When tax season rolls around, most businesses focus on issuing 1099s—but many overlook a crucial piece of the paperwork puzzle: IRS Form 1096. If you’re filing information returns by paper, skipping this one-page summary form could cost you in penalties and processing delays. So, what exactly is Form 1096? Who needs to file it? And […]
The SALT Deduction and How to Benefit From It 2025
The SALT deduction has been a subject of much contention, as it aims to provide relief to taxpayers in high-tax states. The SALT deduction rule corrects double taxation; however, some view the cap as unfairly taxing income that has already been paid to state or local governments. The recent expansion of the cap under the […]
