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An ITIN Overview


May 16th, 2018

An Individual Taxpayer Identification Number (ITIN) is an important piece of documentation that is issued by the Internal Revenue Service. It is a tax number that’s used for processing and it always begins with the letter nine. These only have one intended use and that’s federal tax reporting. They are used for foreign nationals who are living in

An Individual Taxpayer Identification Number (ITIN) is an important piece of documentation that is issued by the Internal Revenue Service. It is a tax number that’s used for processing and it always begins with the letter nine. These only have one intended use and that’s federal tax reporting. They are used for foreign nationals who are living in the United States and have American tax filing requirements but don’t require a social insurance number. If all that sounds a little confusing, but you been told you need ITIN number, there’s no need to worry because we’re here to help you cut through the red tape.  

All the Bases

Los Angeles ITIN Orange County Here at TaxPlus, we cover all the different bases for your accounting needs in California and Los Angeles.  We have a variety of different excellent services in California that includes tax planning and preparation. Our staff is all dedicated to 100% customer satisfaction. If you take a few minutes to look at the customer testimonials on the website, you’ll see why we are so highly thought of in the industry. Our financial consulting and bookkeeping services are second to none and our tax resolution department is one we are exceptionally proud of. Our seven-point pledge is a commitment to making sure your taxes get done properly and efficiently. Along with outstanding electronic filing capabilities, we promise each and every one of our clients a timely response to the IRS.  

Answer Questions

What’s more, we can answer any and all of your questions about the situations where you’ll need an ITIN number. For example, if you don’t have a Social Security number and aren’t eligible to get one you might need our services. If you have the need for a federal tax identification number or return, call us. Regardless of where you live or work in the United States, it’s important to get accurate tax information. That’s another one of the services that we supply here for residents in California generally and Los Angeles specifically. Knowing that you have a team of professionals working with you should put your mind at ease. Keep in mind that we offer year-round support and planning services to each one of our valued clients. Our professional staff has over three decades of combined experience to better serve you.  It doesn’t matter what aspect you need help with when it comes to California tax law. If you’ve got any questions about an ITIN number, get in touch today.

A Retirement Plan Consultation Can Boost Your Savings: Here’s How


May 8th, 2018

One of the first things you’ll learn in a retirement plan consultation in California is it’s never too early or late to start saving for retirement. Along with that good piece of advice, we’ve put together some other tips that should help you get to where you need to be.  

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One of the first things you’ll learn in a retirement plan consultation in California is it’s never too early or late to start saving for retirement. Along with that good piece of advice, we’ve put together some other tips that should help you get to where you need to be.  

Start Right Away

If you’re just starting out on the journey toward retirement, it’s a good idea to start saving right away. That way the compound interest will help you. This first tip is pretty simple really, because the earlier you start saving for your retirement the better off you’ll be when you finally get there.  

Take Advantage of the 401k

retirement plan consultation If your employer offers one of these, it’s a good idea for you to get involved right away. They offer the ability to contribute money before it’s taxed and that can be a big advantage for saving for retirement. Sometimes, employer contributions can come directly from your paycheck. Although you might see a small drop in your budget, the money will be whisked away toward a solid retirement plan. In the end, this means you’ll be investing more your income towards this final goal.  

Look for Other Contributions

A good retirement plan consultation will also steer you in some other directions. For example, after you turn 50 you’re allowed to take advantage of what’s called catch-up contributions to some of your retirement plans. This is a good way to catch up with you haven’t been able to make regular contributions before your senior years. Keep in mind that it’s important to listen during one of these consultations but it’s also a good idea to ask the right questions. For example, you want to be sure that the person you are talking to has adequate experience. You can always ask for references to other clients so you can get a complete picture.  

Automate Your Savings

Your bank should have an option so you can automate your retirement savings. Taking advantage of it means that you’ll be able to grow your nest egg every month without having to consciously plan the transfer. Finally, delaying your Social Security payments means you’re actually putting money away for a later date. The longer you wait, the more the payments become when you finally decide to take some money out. A retirement plan consultation is the first step in understanding all of your different options.

Investment Planning Tips You Can Use


May 2nd, 2018

If you ask us about Los Angeles investment planning, we will tell you there are basically two different strategies that most people use. In the end you can either cut your spending or increase your income. Regardless of whether you’re a senior citizen, someone who’s ready to pay off their

If you ask us about Los Angeles investment planning, we will tell you there are basically two different strategies that most people use. In the end you can either cut your spending or increase your income. Regardless of whether you’re a senior citizen, someone who’s ready to pay off their house, or even a younger person who’s just started saving, these tips will help you get to your goal.  

Save First

investment planning It’s always better to put aside a part of your paycheck right away. That’s a much better strategy than waiting to see what’s left over after you’ve paid for everything else. If you have an investment account or just a general bank account, implementing some automatic transfers is a great first step. Taking a percentage of your paycheck off the top is a great way to start investing in your future.  

Spend Less

Starting a good savings routine often begins by making the decision to spend less. Most people find areas where they can cut back even if they start off with something as small as reducing that daily premium coffee. Here’s another excellent tip. When you start saving money, it’s important to make sure you transfer all cash to a savings account straightaway. If you just leave it in your pocket, there will be a real temptation to spend it.  

Axe A Habit

Maybe you think you can’t do without that doughnut and coffee every morning on your way to work. Or maybe you are pretty sure that you can’t live without going out for dinner five nights a week. However, when you start to think about investment planning and savings and how they tie together, you’ll see axing a habit can get you closer to your goals. Likewise, paying off debt is an excellent way to free up some money that you can invest. The first step is to make a list of all your different debts and pay off the ones with the highest interest rates first.  

Understand the Costs

It’s important to make sure that you understand all different kinds of investments including stocks and bonds, mutual funds and retirement plans all have management fees. One of the first steps here is to find out if your employer will match any of the costs or has some of these benefits paid for. Getting a professional you can work with is an excellent start to good investment planning.