Understanding the Tax Implications of Airbnb Rental Income
The emergence of the sharing economy has led to the popularity of platforms such as Airbnb, allowing individuals to rent out their homes or spare rooms to travelers. While earning extra income through Airbnb can be financially rewarding, it is crucial to understand the tax...
Lessons to Learn from Trump’s Tax Mistakes? A CPA’s Insight
Taxes are a complex and often contentious topic, and few have been in the spotlight for their tax dealings quite like former President Donald Trump. While Trump's tax history has been a subject of significant debate and scrutiny, it's essential to analyze the situation objectively...
Significant tax benefits to claim in 2023
As the year 2023 progresses, many taxpayers are looking for ways to reduce their tax liabilities and maximize their refunds. While there are many tax benefits available to taxpayers, there are some that can be especially significant. Here's a look at the most significant tax...
Is Estate Planning Tax Deductible?
With tax season quickly approaching, it’s time to start discovering which of your expenses this year can be considered tax deductible. Learn whether estate planning fees can save you money on your tax refund!...
Will Taxes Go Down in 2023?
The new year is here and everyone is putting together their resolutions! Near the end of 2022, the Internal Revenue Service (IRS) released the updated tax information for 2023....
$2.04 Billion Powerball: Yes, You Do Have to Pay Taxes on Your Lottery Winnings
The largest ever Powerball Jackpot was just won this past Monday! The lucky winner was a Southern California resident whose $2 ticket raked in $2.04 billion dollars!...
How Will New IRS Hirings Impact Your Business?
The new Inflation Reduction Act approves funding for the Internal Revenue Service...
How to Approach Filing Your Taxes If You’ve Been Trading on Robinhood
To sell or not to sell, that is the question. What’s the good in selling stocks or crypto for profit if you’re not optimizing...
Estate Tax in California
States need to maintain themselves, and part of their revenue sources are collected through taxes...
How Do Tax Extensions Work?
In the great state of California, millions of people should be hard at work preparing...