Tax Pro Plus
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Suite 204
Los Angeles, CA 90064
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Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
- Importance of Notifying the IRS of Your Address Change
- You might say to yourself, "Why would I want to inform the IRS of my change of address since they will find out when I file my next year's income tax return?" The following are important reasons for promptly notifying the IRS of your address change.
- Things to Know about Farm Income and Deductions
- If you have a farming business, there are several tax issues that can impact your tax situation. The following list includes some of those issues.
- 100% Write-Off for Heavy SUVs Used Entirely for Business
- The 2010 Tax Relief Act provides a limited-time 100% bonus depreciation allowance for qualified property. It allows taxpayers that buy a new heavy sports utility vehicle (SUV) and use it entirely for business to write-off the entire purchase price in the placed-in-service year.
- Tax Tips about Tip Income
- The IRS, for some time now, has been trying to combat the underreporting of tip income by waiters and waitresses. Tips received by individuals are subject to Federal and state (if applicable) income taxes plus Social Security and Medicare taxes. Also taxable are the value of non-cash tips, such as tickets, passes, or other items of value.
- Health Insurance Tax Breaks for the Self-Employed
- Self-employed taxpayers may be able to deduct, as an adjustment to gross income, premiums paid for medical and dental insurance and qualified long-term care insurance for themselves, their spouse, dependents and children under the age of 27 if the self-employed taxpayer is one of the following.
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