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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. Call us today at 1-877-788-2937.

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IRS Announces Tax Relief for California Taxpayers Affected by Winter Storms

Withum

The IRS announced comprehensive tax relief provisions for taxpayers affected by California’s winter storms. Additionally, eligible taxpayers will have until May 15 to make 2022 contributions to their IRAs and health savings accounts. Contact Us. Let’s Chat.

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IRS TFRP Help – Everything You Need to Know About Trust Fund Taxes and Penalties

MyIRSRelief

As hard to believe as it may be, we are now in yet another year and here’s to hoping that 2022 will be significantly better than the last previous years, but we digress. If you’re a small business owner, you will likely already be aware that employment 941 payroll trust fund taxes can cause monumental headaches.

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Did You Receive an IRS Notice Regarding Deferred Social Security Tax Payments?

Withum

If you received a notice regarding deferred social security taxes that you partially paid back in December 2021, then you are not alone. The IRS has recently issued CP256V Notices to taxpayers that assert penalties and interest for failure to make proper federal tax repayments relating to Form 941. What Is the Fix?

Tax 124
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Do You Need Help With 174?

Withum

Many companies are experiencing unfavorable cash tax payments when filing their 2022 federal income tax returns this fall, as federal law no longer allows an immediate deduction for Section 174 Research and Experimental (“R&E”) expenses incurred for taxable years beginning after 2021.

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IRS Form 941: What Employers Need to Know in 2023

inDinero Tax Tips

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. There is still no wage base limit for Medicare tax.

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IRS Form 941: What Employers Need to Know in 2023

inDinero Tax Tips

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. There is still no wage base limit for Medicare tax.