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

Thinking of Dumping Old Tax Records?
Tired of having all those old tax records taking up drawer or closet space and collecting dust. Want to dump as much as you can? People often ask how long records must be kept and the amount of time IRS has to audit a return after it is filed.

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How to Protect Yourself Against Coronavirus-Related Fraud
There are bad actors seeking to take advantage of taxpayers and business owners. Here are some common types of fraudulent activities occurring during the COVID-19 crisis.

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VIDEO: How to Make your PPP Loan Forgivable
How to make your PPP Loan forgivable.

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Charity Volunteer Tax Breaks
If you volunteered your time for a charity or governmental entity during the COVID-19 pandemic, you probably qualify for some tax breaks. These rules actually apply to all charity volunteers not just COVID-19 volunteers. Although no tax deduction is allowed for the value of services performed for a qualified charity or federal, state or local governmental agency, some deductions are permitted for out-of-pocket costs incurred while performing the services. The following are some examples:

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VIDEO: Shortchanging the IRS Can Lead to an Unpleasant Surprise
The consequence of cheating on your tax return can be much bigger than you thought. Learn about actions considered as cheating through this video.

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