How to set up a s Corp in California?
The easiest way to go about setting up your S corp in California is to have a tax professional do it for you. Click the link to see how David York’s Tax S...
Category: General
Are purchases for home office tax deductible?
Instead of keeping records of all of your expenses, you can deduct $5 per square foot of your home office, up to 300 square feet, for a maximum deduction ...
What do you need to know about Form 3520?
About Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. U.S. persons (and executors of estates of ...
What is the benefit of a benefit corporation?
A benefit company structure can allow corporations to: Align sustainability goals with corporate obligations by allowing directors to act outside of their...
What are the 4 tax quarters?
When Are Estimated Taxes Due? 2021 1st Quarter (January 1 – March 31): April 15, 2021. 2021 2nd Quarter (April 1 – May 31): June 15, 2021. 2021 3rd Quarte...
What if I have good credit but my husband does not?
Lenders don’t just average out your two credit scores or go with the highest one when evaluating your creditworthiness as a pair—they pay the most attenti...
Does gift tax apply to foreigners?
Foreign citizens generally don’t have liability for U.S. gift tax and therefore don’t need to report gifts for those purposes. However, separate IRS regul...
How do I import my 2019 TurboTax data into 2020?
Instructions Sign into your TurboTax account to access returns for 2020. Choose New Tax Return from the File menu. Select Start a New Return. When you get...
What does a real estate financer do?
Real estate financing is generally used to describe an investor’s method of securing funds for an impending deal. As its name suggests, this method will h...
What if I have a 529 and my child decides not to go to college?
The simple answer is: No, you won’t lose your money. The funds in a 529 plan can be used in a number of other ways if your beneficiary decides not to purs...
