Tax Advice Blog for Glendale, Burbank & Pasadena

Receiving a bonus is undoubtedly a moment of celebration, but understanding how bonuses are taxed is a crucial aspect of managing your financial windfall effectively. As we step into the tax year of 2024, it’s essential to grasp the nuances of the bonus tax rate to ensure you make informed decisions about your finances. In…
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Owning a vehicle can be more than just a means of transportation—it can also be a valuable asset when it comes to tax time. For individuals and businesses that use their cars for work-related purposes, understanding how to write off car expenses and deductions is crucial for maximizing savings and staying in compliance with tax…
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Facing an IRS audit can be a daunting prospect, but understanding the common triggers that may lead to an audit can help you take proactive steps to minimize your risk. In this article, we will explore some of the key reasons the IRS may choose to audit individuals and businesses, and provide guidance on how…
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Tax problems can be a source of stress and financial burden for individuals and businesses alike. Whether you’re facing issues with unpaid taxes, IRS audits, or disputes over deductions, finding effective solutions is essential to regain financial stability and peace of mind. In this article, we will explore various tax problems that taxpayers commonly encounter…
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The idea of an IRS audit can be a source of anxiety for many taxpayers. While the majority of tax returns are not audited, the fear of being selected for an audit is a common concern. Understanding the factors that influence the likelihood of an IRS audit can help taxpayers better navigate the tax season…
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The COVID-19 pandemic has disrupted many aspects of daily life, including how government agencies operate and how individuals interact with them. The Internal Revenue Service (IRS), responsible for overseeing tax collection and enforcement, is no exception. As people face financial challenges and uncertainties during the pandemic, it’s essential to understand how to get in touch…
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Taxation is an integral part of modern society, and individuals, as well as businesses, are required to fulfill their tax obligations. However, navigating the complex landscape of tax laws and regulations can be challenging, and taxpayers often encounter various issues that can lead to problems with the Internal Revenue Service (IRS). In this article, we…
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Facing an IRS audit can be a nerve-wracking experience. Whether it’s a correspondence audit or an in-person examination, the idea of an IRS agent scrutinizing your financial records and tax returns can induce anxiety. While IRS auditors are professionals who perform their jobs diligently, there are certain things they may not explicitly disclose during the…
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