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California Tax Updates for February 17th
Update 1: California’s Franchise Tax Board (FTB) has reopened. In a public service bulletin the FTB announced that beginning Feb. 1, 2021,...
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Can You Qualify For A Medical Expense Tax Deduction?
You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules...
New Things Taxpayers Should Consider As They Get Ready To File Taxes In 2021
When people get ready to file their federal tax return there are new things to consider when it comes to which credits...
The Importance Of S Corporation Basis And Distribution Elections
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business...
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...
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...
