IRS

 Do not ignore all IRS notices related to CA disaster postponements (06-16-23) The IRS has updated their California disaster related postponement notice (CA-2023-01) to clarify that taxpayers should not ignore late-filing or late-payment notices, even if they qualify for the disaster-related postponement relief. The notice states that if a taxpayer receives…

Reminder: EOG Grants Application’s Deadline is May 20 (up to $25,000 per business in L.A. County) Click here for eligibility and other detail information: https://eog.smallbizla.org/prepare Click here for guide in PDF: https://5311459.fs1.hubspotusercontent-na1.net/hubfs/5311459/EOG_Program_and_Application_Guide_Phase%201%20%26%202%20ENG.pdf

California conforms to most recent IRS disaster postponement (03-21-23) The Franchise Tax Board has confirmed that California will conform to the IRS’s most recent storm-related disaster postponement announcement for California taxpayers, CA-2023-03. (www.ftb.ca.gov/file/when-to-file/emergency-tax-relief.html) This means California conforms to all of the recent disaster relief notices for storms in California. (CA-2023-01, CA-2023-02, and…

The Small Business Guide to Microloans Click here for details: https://sba.thehartford.com/finance/microloans/?cmp=EMC-SC-SBA-22606659&eml=1

Storm-related extension insanity expanded (03.17.2023) Today the IRS has issued yet another storm-related disaster postponement announcement for California taxpayers (CA-2023-03). This means we now have three different disaster relief notices for storms in California (CA-2023-01, CA-2023-02, and CA-2023-03). Unfortunately, the notices apply to different counties, have different applicable periods, and postpone…

Saving for college: The new 529-to-Roth IRA transfer rule Click here: https://www.journalofaccountancy.com/news/2023/mar/saving-college-new-529-to-roth-irs-transfer-rule.html?utm_source=mnl:cpal&utm_medium=email&utm_campaign=15Mar2023

加州降買房壓力 首購首付補助20% (03.11.2023) Click here: https://www.worldjournal.com/wj/story/122693/7024597

IRS announces tax relief for victims of severe winter storms, flooding, landslides, and mudslides in California  [CA-2023-01] Click here: https://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-severe-winter-storms-flooding-and-mudslides-in-california [CA-2023-02] Click here: https://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-severe-winter-storms-flooding-landslides-and-mudslides-in-california

2023 October 16 CA disaster extension FAQs (03-09-23) The IRS and FTB have put out numerous press releases relating to the automatic filing extension due to the California storms. This post is meant to clarify, in plain English, the extended deadlines as they stand now. Affected taxpayers Any taxpayer who resides in,…

California will conform to October 16 deadline extension The Governor’s office has announced that it will conform to the IRS’s postponement of filing and payment deadlines to October 16, 2023, for taxpayers located in all California counties except the following: Imperial; Kern; Lassen; Modoc; Plumas; Shasta; and Sierra. This applies…