by Naz Nasseri | Nov 14, 2023 | tax
The IRS has announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024. This includes updates to tax rate schedules and other tax changes, as detailed in Revenue Procedure 2023-34: The 2024 Standard Deduction is increased shown in... 
by Naz Nasseri | Oct 31, 2023 | tax
Identity theft related to tax returns is a concerning issue. Fraudsters with access to taxpayer’s personal information, might file a tax return and claim a fraudulent refund before the real taxpayer gets a chance. By the time the legitimate taxpayer files, the IRS... 
by Naz Nasseri | Aug 3, 2023 | tax
Paying taxes can be a stressful experience for many individuals, especially if they find themselves facing a significant tax bill when filing their income tax returns. To avoid such surprises and potential underpayment penalties, it’s essential to understand how... 
by Naz Nasseri | May 25, 2023 | tax
California’s Unclaimed Property Law (UPL) requires banks, insurance companies, corporations, and certain other entities to review their books and records annually, and report any property to the State Controller’s Office when there has been no activity for a period of... 
by Naz Nasseri | Jan 18, 2023 | tax
The IRS issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning January 1, 2023, the standard mileage rates for the use of a car (including vans... 