Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
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Ph: (310) 827-4829
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- Disabled Individuals May Be Missing out on the Earned Income Tax Credit
- The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding: it goes to pay an individual’s tax liability, and any excess is paid to the individual in the form of a tax refund.
- Retired and gambling. The hidden tax consequences.
- You may be unknowingly increasing the tax on your Social Security benefits.
- Hobby or Business? It Makes a Difference for Taxes
- Taxpayers are often confused by the differences in tax treatment between businesses that are entered into for profit and those that are not, commonly referred to as hobbies. The differences are:
- Summer Work For Your Child
- Consider hiring your child during the summer school vacation to work in your business. There are significant tax benefits.
- Elusive Employee Business Expense Tax Deduction
- One major difference between being an employee and being self-employed is how you deduct the expenses you incur related to your work. A self-employed individual is able to deduct expenses on his or her business schedule, while an employee is generally limited to deducting them as itemized deductions.
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