San Francisco Tax Preparation / CPA: Taxpayers Requested to Join IRS Identity Protection Personal Identification Number Program

The IRS has reminded taxpayers that they can get extra protection starting in January by joining the Service’s Identity Protection Personal Identification Number (IP PIN) program. The IRS has made recent changes to the program to make it easier for more taxpayers to join. The fastest and easiest way to receive an IP Pin is […]

San Francisco Tax Preparation / CPA: IRS Updates Offer In Compromise Policies

An offer in compromise (OIC) happens when the IRS and the taxpayer settle past due taxes for an amount that is less than the full amount owed. This typically happens when the agency agrees with the taxpayer that the payment in full will create a financial burden. “For taxpayers facing an economic hardship, the anticipation […]

San Francisco Tax Preparation / CPA: Distribution of Coins from Self-Directed Check Book IRA Taxable; Penalties Imposed

A. Mcnulty, 157 TC —, No. 10, Dec. 61,950 Delivery of coins to the owner of a self-directed “Check Book IRA” was taxable income even though she took the coins as manager of the IRA’s LLC. While an IRA owner may act as a conduit or agent of the IRA custodian, she may do so only as long […]

There Is Nothing Easy About Taxes, but Our Specialists Can Help Reduce Them

Taxes are complicated. As tax advisors in San Francisco, at Safe Harbor, we get that. They are not easy. We get that. They are not meant to be easy. There are two main issues here. One is that the tax specialists who dream up all these taxes want to be seen to be “fair” so […]

In Order to Save Taxes in the Bay Area, You Need a Top-rated Accountant

Fair enough, the Bay Area is not as big as the LA area. Nonetheless, it is home to what is arguably the most dynamic start-up scene in the US. We have loads of new businesses here in the San Francisco Bay Area, and they all have one thing in common. That is that when they […]

Post on Tax Preparation for San Francisco Residents Amidst Inflation Announced by Safe Harbor CPAs

Safe Harbor LLP, a top-rated San Francisco CPA firm is proud to announce a new post on inflation and its impact on tax preparation for 2021. Cost-of-living adjustments will occur for SSI and other government benefits in 2022. The Bay Area CPA team is ready to support tax preparation for individuals and business owners in […]