San Francisco Tax Preparation / CPA: Interim Guidance on 2020 Withholding from Retirement and Annuity Distributions

The IRS has issued interim guidance for the 2020 calendar year on income tax withholding from periodic payments for pensions, annuities, and certain other deferred income under Code Sec. 3405(a). Under the guidance: information requested for periodic payments on the 2020 Form W-4P, Withholding Certificate for Pension or Annuity Payments, will generally continue to parallel the […]

San Francisco Tax Preparation / CPA: Accounting Method Change Procedures Updated

The IRS has released guidance listing the specific changes in accounting method to which the automatic change procedures in Rev. Proc. 2015-13, I.R.B. 2015-5, 419, apply. This guidance updates and supersedes the current list of automatic changes found in Rev. Proc. 2018-31, I.R.B. 2018-22, 637. Subject to a transition rule, this latest guidance is effective […]

San Francisco Tax Preparation / CPA: Proposed Reliance Regs Define “Real Property”” for Like-Kind Exchanges

Proposed reliance regulations clarify the definitions of “real property” that qualifies for a like-kind exchange, including incidental personal property. Under the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97), like-kind exchanges occurring after 2017 are limited to real property used in a trade or business or for investment. Comments are requested. Real Property Defined for Like-Kind ExchangesUnder […]

At Safe Harbor We Have Good News If You Haven’t Done Your Tax Return

Many tax deadlines were extended owing to Covid-19. However, the truth is that those extensions are now just around the corner. Doesn’t time fly when you’re having fun?

If You Have to Pay International Taxes, Coronavirus Has Complicated It

International taxes have always been complicated, especially if you have liabilities in several different countries as well as in the US. You could be a permanent resident of the US and still have tax liabilities in Canada, Hong Kong, Germany, or anywhere else, and they all have different rules.

Safe Harbor LLP Announces New Career Opportunities for Best-in-Class CPAs and Accountants in San Francisco, California

San Francisco, California – June 29, 2020. Safe Harbor LLP, a top-rated CPA firm based in the Bay Area, is proud to announce new career opportunities for best-in-class accountants. The firm offers excellent pay and benefits as well as the opportunity to work at a fun, fast-paced CPA firm in San Francisco that aims to […]