Tax News & Updates

With the Republican victory in the U.S. presidential election, the tax and accounting professions are preparing for potential changes to tax laws. […]

Filing tax returns on time is crucial to avoid penalties and interest charges. Both the Internal Revenue Service (IRS) and the California […]

California’s Alternative Minimum Tax (AMT) is an additional tax designed to ensure that high-income individuals pay a fair share by limiting certain […]

Falling behind on filing tax returns can be stressful, but it’s a common issue that many taxpayers face. Whether you forgot to […]

Owning a home in California comes with its share of financial responsibilities, notably property taxes. The good news is that, as a […]

Investing in small businesses has long been incentivized through tax benefits, notably the Qualified Small Business Stock (QSBS) exemption under federal law. […]

As you approach retirement, understanding how your Social Security benefits are taxed is crucial. Many retirees wonder whether their benefits will be […]

As California’s tax landscape evolves, understanding the Alternative Minimum Tax (AMT) becomes increasingly crucial for individual taxpayers. Originally designed to ensure that […]

Rental income is a significant aspect of many individuals’ financial portfolios, particularly for landlords and property managers. However, navigating the taxation of […]

California, like the majority of U.S. states, does not impose an estate tax. However, it’s essential to be aware of other potential […]

Taxes are an inevitable part of life in the U.S., but they don’t have to be overwhelming. Whether you’re a full-time employee, […]

The US Exit Tax, also known as the Expatriation Tax, applies to individuals who decide to renounce their US citizenship or give […]