Tax and Accounting Blog, San Diego

25 01, 2024

Beneficial Ownership Reporting

By |2024-01-25T10:51:15-08:00January 25th, 2024|Categories: Uncategorized|Comments Off on Beneficial Ownership Reporting

In 2021, Congress passed The Corporate Transparency Act into law to create a national database of information concerning the individuals who, directly or indirectly, own a substantial interest in, or hold substantial control over certain domestic and foreign legal entities. The purpose of the law is to combat money laundering and the concealment of illicit [...]

4 12, 2023

December

By |2024-01-22T16:55:00-08:00December 4th, 2023|Categories: Uncategorized|Comments Off on December

Article Highlights: Not Needing to File a 2023 Return? Are Your Children Attending College? Did You Sell Your Home This Year? Do You Have an Employer Health Flexible Spending Account? Did You Become Eligible to Make Health Savings Account (HSA) Contributions This Year? Is Your Income Unusually Low This Year? Must You Take a Required [...]

6 11, 2023

November 2023 Due Dates

By |2023-11-06T11:34:10-08:00November 6th, 2023|Categories: Uncategorized|Comments Off on November 2023 Due Dates

November 13 - Report Tips to EmployerIf you are an employee who works for tips and received more than $20 in tips during October, you are required to report them to your employer on IRS Form 4070 no later than November 13. Your employer is required to withhold FICA taxes and income tax withholding for [...]

4 10, 2023

Coastal Tax Advisors 2023 Fishing Trip

By |2023-10-04T15:19:03-07:00October 4th, 2023|Categories: Uncategorized|Comments Off on Coastal Tax Advisors 2023 Fishing Trip

The CTA staff got their sea legs this weekend! At five am the team took off towards the Coronado Islands, just south of the border. A day well spent with breakfast sandwiches, burgers, smiles, laughter ... a little bit of yawning & lots of fishing!  One of our partners, Dave, setting up to show us [...]

27 09, 2023

October 2023 Newsletter & Due Dates

By |2023-09-27T11:32:30-07:00September 27th, 2023|Categories: Uncategorized|Comments Off on October 2023 Newsletter & Due Dates

Article Highlights: October 16, 2023 is the extended due date for 2022 federal 1040 returns.  Late-filing Penalty  Interest on Tax Due  Other October 16 deadlines If you could not complete your 2022 tax return by April 18, 2023 and are now on extension, that extension expires on October 16, 2023. Failure to file before the [...]

8 09, 2023

How Does Education Impact Your Taxes?

By |2023-09-06T21:08:14-07:00September 8th, 2023|Categories: Uncategorized|Comments Off on How Does Education Impact Your Taxes?

The kids are back in school! Things like student loans, scholarships, and fellowship grants can play a role in parents’ and college students’ tax liability. Let’s look at how education costs can impact your taxes. Student Loan Forgiveness Student debt is a hot topic.  As of July 2023, total U.S. student loan debt stood at [...]

6 09, 2023

Are You Ignoring Retirement Planning?

By |2023-09-06T21:04:17-07:00September 6th, 2023|Categories: Uncategorized|Comments Off on Are You Ignoring Retirement Planning?

Article Highlights: Predicting Social Security Income Planning for the Future Employer Retirement Plans Tax Incentive Retirement Savings Plans Are you ignoring your future retirement needs? That tends to happen when you are younger, retirement is far in the future, and you believe you have plenty of time to save for it. Some people ignore the [...]

1 09, 2023

Hawaii Wildfires State of Emergency – Tax Implications

By |2023-09-01T23:46:11-07:00September 1st, 2023|Categories: Uncategorized|Comments Off on Hawaii Wildfires State of Emergency – Tax Implications

The United States government is providing tax relief for eligible Hawaii residents amid the rampant wildfires on both Maui and the Big Island. The President has declared a disaster for all parts of Hawaii affected by the wildfires.  Disaster area taxpayers will now have until February 15, 2024, to file various federal individual and business [...]

Go to Top