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San Francisco Tax Preparation / CPA: Tax refund offsets may be used toward unpaid debts

Filed in CCH NEWS FEED by on April 24, 2017

A taxpayer who incurs an unpaid debt may notice a reduction in his or her federal tax refund. The Treasury Offset Program is allowed to use all or part of a taxpayer’s federal refund to settle unpaid federal or state debts, to include unpaid individual shared responsibility payments. For example, the IRS is prohibited from […]

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San Francisco Tax Preparation / CPA: FAQ…What are miscellaneous itemized deductions?

Filed in CCH NEWS FEED by on April 24, 2017

Miscellaneous itemized deductions are certain nonbusiness expenses that individuals as taxpayers who otherwise itemize deductions may take against their taxable income. Such miscellaneous expenses are allowed only to the extent that they exceed 2-percent of a taxpayer’s adjusted gross income. Miscellaneous itemized deductions may also be limited by the overall itemized deduction phase-out. These expenses […]

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San Francisco Tax Preparation / CPA: Passport certifications will begin in early 2017, IRS posts on website

Filed in CCH NEWS FEED by on April 24, 2017

The IRS has informed taxpayers via its website that the agency will begin, in early 2017, to remit certifications to the U.S. State Department for individuals who are seriously delinquent in paying their tax debt. Such certification could impact an individual’s ability to obtain or keep a U.S. passport. At this time, the IRS has […]

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Safe Harbor LLP, a Leading California Tax Preparation Service for Expat Tax Returns, Including Canadian Tax Returns, Announces Information Update

Filed in CPA Blog by on April 27, 2017

San Francisco, CA – April 26, 2017. Safe Harbor LLP, long considered one of the leading accounting firms in the San Francisco Bay Area and in California for international tax issues, is proud to announce an update to its information page on “expat tax return preparation” in California. Review This!

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San Francisco Tax Preparation / CPA: April 2017 tax compliance calendar

Filed in CCH NEWS FEED by on April 24, 2017

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of April 2017. April 1 Individuals. Taxpayers who turned 70½ during 2016 must start to receive […]

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San Francisco Tax Preparation / CPA: How do I? Maximize start-up deductions for a new business

Filed in CCH NEWS FEED by on April 24, 2017

Starting a new business venture can prove exciting, but rather costly. There are certain tax advantages that can help alleviate some of the financial burden associated with entrepreneurship. A taxpayer may start a business by forming an entirely new business or acquiring an existing business. One of the most important decisions a business owner should […]

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