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Questions?

Please feel free to contact us

661-837-1100

Bakersfield

714-794-4680

Orange County

702-217-0660

Las Vegas

661-837-1100

Los Angeles

Financial News, Tips & More!

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Why Don’t Schools Teach Taxes?

The general consensus of why schools don't teach students about taxes is because there are too many variables when reporting income. People file taxes differently and it is considered impractical to teach students about this topic. There is a controversy around the issue of teaching taxes in schools. Some people feel...

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The Future of Cryptocurrency Taxes

There has been much discussion about how to reform the United States tax system to better serve the American people and it is time we move toward innovative solutions. I propose a blockchain-based digital asset to bring a broken US tax administration system into the 21st century. A blockchain is simply an immutable...

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What is RDP in Taxes?

RDP is a Registered Domestic Partner. If you are a Registered Domestic Partner, the IRS does not recognize this partnership as a marriage. In California, RDPs have to file their federal and state tax returns separately. RDP couples have to file tax returns as "Single" or "Head of the Household." When living with a...

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What Happens if You Marry Someone Who Owes Back Taxes?

If you are married or marry someone who owes back taxes, you are not liable for the debt. The IRS provides relief options for those who file jointly and individually. If your spouse owes back taxes, filing Form 8379 allows you to keep your refund. A tax professional will be able to assess your unique case and review...

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How To Grieve Taxes

Researching your property’s fair market value is the first step towards determining how to grieve taxes. From there you will need to file a petition with the municipality, write a letter of support and provide supporting documentation. A tax grievance takes place when a property owner (residential or commercial)...

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Why Do I Owe State Taxes but Not Federal?

As most tax filers know, the annual tax season is a time of surprises. On rare occasions, the surprises are pleasant, and we owe less than we thought or will be getting a larger refund than we expected. However, most of the surprises we get during tax season are of the bad variety, and this is especially true if we...

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What Home Improvements Increase Property Taxes in California?

If you live in California, you may be wondering what home improvements increase property taxes there. The short answer is that property taxes can increase when homes are sold or new construction takes place. Home improvements are considered new construction when they substantially change the way the property is used...

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What Taxes Do Businesses Pay In Nevada

Businesses operating in Nevada which exceed the $4 million revenue threshold are required to file the Commerce Tax return, a privilege tax similar to franchise tax. Nevada is one of nine states in the United States that does not have state income tax. Instead, they rely on the revenue generated by companies operating...

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