San Francisco Tax Preparation / CPA: Final Regulations Coordinate Code Sec. 245A DRD Limit and GILTI Disqualified Basis Rule

Final regulations issued by the Treasury and IRS coordinate the extraordinary disposition rule that applies with respect to the Code Sec. 245A dividends received deduction and the disqualified basis rule under the Code Sec. 951A global intangible low-taxed income (GILTI) regime. Information reporting rules are also finalized. Extraordinary Disposition Rule and GILTI Disqualified Basis RuleThe extraordinary disposition rule (EDR) […]

San Francisco Tax Preparation / CPA: Notices Delayed Due to COVID-19

The IRS continues to experience delays mailing backlogged notices due to the volume and restart of issuing notices during the pandemic. The delay impacts some, but not all, IRS notices dated from November 9 to November 23, 2020. Impacted notices are those requesting payment for tax owed or notifying taxpayers of changes made to a […]

San Francisco Tax Preparation / CPA: IRS Reminds Employers of Filing Deadline for Form W-2, Wage Statements

The IRS has reminded employers of filing file Form W-2, Wage and Tax Statement, and other wage statements by Monday, February 1, 2021, to avoid penalties and help the IRS prevent fraud. Due to the usual January 31 deadline falling on a Sunday, the due date will be pushed to the next business day. Various other […]

Our San Francisco Accountants Will Help to Ensure That You Pay Less Tax

If there is one thing that is certain in this world it is that – Covid-19 or no Covid -19 – governments are not going to stop charging us taxes. If anything, they are likely to put them up to pay for everything that has been going on in this pandemic: they are certainly not […]

If You Would Like to Pay Less Tax, Take Your Tax Return Prep in SF to Us

Nobody likes paying taxes, and we don’t either. But you can bet your bottom dollar that we don’t pay a cent more than the law says we must, and neither do our clients. As San Francisco tax advisors, that is what we are here for: to ensure that our clients pay the minimum amount of […]

It’s Nearly Time for That Tax Return, So Use Safe Harbor for Your Tax Preparation in San Francisco

It’s nearly “that” time again! 2020 has come and gone, and businesses are looking to find the best service for corporate tax return preparation in San Francisco. At Safe Harbor, we’re business specialists and can help you evaluate your tax options for the 2020 tax year.