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
- It is Tax Time, and Your Tax Forms Are Starting to Arrive
- Tax season is upon us, and you will start receiving 1099s, W-2s and other tax forms. What do they all mean?
- Vacation Home Rentals: How the Income Is Taxed
- If you have a second home in a resort area, or if you have been considering acquiring a second home or vacation home, you may have questions about how rental income is taxed for a part-time vacation-home rental. The applicable rental rules include some interesting twists that you should know about before you begin renting. Although some individuals prefer to never rent out their homes, others find such rentals to be a helpful way of covering the cost of the home. For a home that is rented out part time, one of three rules must be considered, based on the length of the rental:
- Increased Business-Vehicle Deductions Due to Tax Reform
- The Tax Cuts and Jobs Act of 2018 and other tax reforms have brought about significant changes in the way that vehicle use is deducted for business purposes. Before getting into these changes, it is appropriate to first provide a review of the two methods for deducting the use of a business vehicle.
- Did You Sell Stocks, Real Estate Or Other Assets This Year?
- When preparing your tax return these transactions receive special treatment and may require some extra tax appointment preparation. These include the following covered in this video.
- Tax Season Is Here. Check Out These Tips To Get The Most Out Of Your Tax Appointment.
- When you arrive at your appointment fully prepared, we’ll have more time to explore additional deductions and consider a tax plan for the future.
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