Tax Pro Plus
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Los Angeles, CA 90064
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- Individuals Have a New Opportunity to Receive $500 Economic Impact Payments for Their Children
- The Internal Revenue Service has announced it will reopen the registration period for federal beneficiaries with children who didn't receive a $500 per child Economic Impact (stimulus) Payment earlier this year.
- How States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
- Will your COVID-19 work-from-home location affect your taxes? It depends on the state. Here’s a breakdown of how nexus laws evolved during the pandemic.
- Wealth Transition and Succession Planning: Best Practices for Businesses During COVID-19
- Business owners of all industries need to be aware of the implications of COVID-19 in regard to business valuations, wealth transition, and succession planning.
- What Are the Tax Plans of the Major Parties' Presidential Candidates?
- As the November elections approach, you might want to know what the two front-running presidential candidates’ tax plans for the future are. The following is an overview of their positions, at least what is known now. However, the political and economic landscapes can change, and there is no assurance these plans won’t be revised or that they will have eventual Congressional backing. However, the information may be helpful as you look toward future tax planning.
- Missing Out on the Earned Income Tax Credit?
- The EITC is for people who work but have lower incomes. If you qualify, it could be worth up to $6,660 in 2020, up from $6,557 in 2019, so you could pay less federal tax or even get a refund. The credit is a refundable credit, which means you can get the benefits of the credit even if you do not owe any taxes. That’s money you can use to make a difference in your life.
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