Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
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Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
- Year End Tax Planning Issues
- Year-end is rapidly approaching as are the holidays. So before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2022 and 2023.
- The Tax Consequences of Gig Work
- Overall, your taxes are almost certainly going to be more complicated if you have "gig work" that you are accounting for.
- Video Tips: Taxpayers with an outstanding tax bill should consider an Offer in Compromise
- An Offer in Compromise can be an effective way for individuals and businesses to settle a federal tax debt.
- The Tax Consequences of Closing Your Small Business
- Just as was true with starting a business, closing a small business brings with it some essential tax implications that you need to be aware of in the coming year.
- Time is Running Out to Take Your 2022 RMD
- Required Minimum Distributions (RMD) are required taxable distributions from qualified retirement plans and are commonly associated with traditional IRAs, but they also apply to 401(k)s and SEP IRAs. The tax code does not allow taxpayers to indefinitely keep funds in their qualified retirement plans. Eventually, these assets must be distributed, and taxes must be paid on those distributions. If a retirement plan owner takes no distributions, or if the distributions are not large enough, then he or she may have to pay a 50% penalty on the required distribution amount that is not distributed.
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