Tax Season

Tax Tips: Giving Gifts to Charity

Posted on Dec 10, 2015 in San Diego Lawyer, Tax Season, Taxes | Comments Off on Tax Tips: Giving Gifts to Charity

Tax Tips: Gifts to Charity Tax Tips for Charitable Giving You must itemize your deductions in order to claim donations to charity. Give to qualified charities: You cannot deduct donations to charities not found on the IRS Select Check tool. Check it out here before you donate. You can deduct gifts to churches, synagogues, temples, mosques and government agencies, even if the Select Check tool does not list them. Keep records: You must have a bank record or written statement from the charity in order to deduct gift money on your tax return. Gifts of money include those made by cash, check,...

Read More

Tax Season Prep: Choosing a Tax Preparer

Posted on Nov 9, 2015 in Tax Season, Taxes | Comments Off on Tax Season Prep: Choosing a Tax Preparer

Tax Season Prep: Choosing a Tax Preparer While tax season may be one of the last things on your mind this time of year, there is no better time than now to find a good tax preparer. A good tax preparer can advise you on how to best finish out this tax year now and ease your tax filing stress come tax time. Once the end of the year comes and tax season begins, tax professional get busy and it will be harder to “shop around,” get advice, etc. In a recent IRS Newswire release, the IRS gives some tips that can help taxpayers as they select a tax preparer: Look for someone ethical:...

Read More

Tax Return Extension Deadline TODAY

Posted on Oct 15, 2015 in San Diego Lawyer, Tax Season, Taxes | Comments Off on Tax Return Extension Deadline TODAY

Tax Return Extension Deadline TODAY Thirteen million taxpayers requested an extension (more time) to file their federal tax returns. TODAY is the deadline for most of those people, an automatic 6 months after tax day, April 15. If you are one of the many who took advantage of the extension, here are a few things you should know. -File online. You can still hurry and file you return online (aka e-file) with IRS Free File via IRS.gov through midnight tonight. E-file is a safe, easy and accurate way to file your taxes. There are also a variety of tax filing programs that can help you e-file and...

Read More

Miserable Tax Season Review

Posted on Aug 3, 2015 in San Diego Lawyer, Tax Season | Comments Off on Miserable Tax Season Review

Miserable Tax Season Review   “For the majority of taxpayers who filed their returns and did not require IRS assistance, the filing season was generally successful.  For the segment of taxpayers who required help from the IRS, the filing season was by far the worst in memory.” – Nina Olson, Tax Payer Advocate After all that we read about, experienced and warned you all about during Tax Season 2015, we shouldn’t be surprised at the recent National Taxpayer Advocate’s dismal review of the 2015 filing season. We heard about the upcoming “miserable tax” season...

Read More

Entrepreneur Tax Tip III: 5 Quick Tips to Get Ready Now!

Posted on Apr 27, 2015 in Entrepreneur, San Diego Lawyer, Setting up a Small Business, Small Business, Small Business Tips and Tricks Series, Tax Season, Taxes, Tips for Entrepreneurs | Comments Off on Entrepreneur Tax Tip III: 5 Quick Tips to Get Ready Now!

Entrepreneur Tax Tip III: 5 Quick Tips to Get Ready Now! You may be confused as to why this post is coming out now that the tax deadline has passed. To that, we answer, 2013’s has passed, yes. But 2014’s is on its way! That’s why we’re going to give 5 quick tips, adopted from Amrik Andhawa, Entrepreneur columnist, to help next tax season go easier (full article here).   1. Get organized Amrik, entrepreneur and product developer himself, suggests having standardized formatting for invoices and other legal documents as well as designating a good place to keep necessary documents, more...

Read More

5 Reasons To Spend Your Tax Refund on an Estate Plan

Posted on Apr 10, 2015 in California Trusts, California Wills, Estate Planning, Tax Season, Taxes | Comments Off on 5 Reasons To Spend Your Tax Refund on an Estate Plan

5 Reasons To Spend Your Tax Refund on an Estate Plan With Tax season almost coming to a close, many of us are getting the happy news that our tax return refunds have hit our bank accounts. Deciding what to do with that extra money is the next big step. Many people simply spend it on things they’ve been wanting but couldn’t afford previously- new TVs, upgraded electronics, taking the kids on a fun trip. Others put the money away in savings or invest it. We at GQ Law recommend that you invest it in an Estate Plan. We’ve posted many times about the importance of an Estate Plan...

Read More