Happy Thanksgiving From the Linkenheimer Team
It's been a crazy year, but during these trying times we wanted to take a minute to express our thanks and gratitude to our clients, friends, family and the community that we are so fortunate [...]
How Series EE Savings Bonds Are Taxed
Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself and put them away in a file [...]
Health Savings Accounts For Your Small Business
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account [...]
Californians Approve Prop. 19; Ending Major Property Tax Exemption
Californians narrowly passed Proposition 19 earlier this month with a 2% margin, essentially ending your ability to transfer real estate to your children free of property tax reassessment. The proposition has two fairly distinct parts. [...]
Get Ready for Taxes: Get Ready Now To File 2020 Federal Income Tax Returns
The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help them file their federal tax returns timely and accurately in 2021, including special steps related to Economic Impact Payments. This [...]
How The CARES Act Changes Deducting Charitable Contributions
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid or another cause that’s personally meaningful to them, their charitable donations may be tax deductible. These deductions basically reduce the amount of their taxable income. [...]
Check Out Linkenheimer’s Carli Ortiz In The Latest Issue Of The NBBJ
This month, Linkenheimer Partner Carli Ortiz was featured in the North Bay Business Journal's Accounting edition. The publication asked a variety of questions ranging from new legislation, PPP loans and how COVID-19 has affected [...]
Do You Want To Withdraw Cash From Your Closely Held Corporation At A Low Tax Cost?
Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as a dividend. However, a dividend distribution [...]
Disability Income: How Is It Taxed?
Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case with tax questions, the answer is … it depends. The key factor is who paid [...]
Tax Responsibilities If Your Business Is Closing Amid The Pandemic
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking care of the various tax obligations that [...]