Bitcoin and Other Virtual Currencies

Bitcoin was created back in 2009. It’s a digital currency system that doesn’t have any central regulatory authority or bank. That means no government or financial institution regulates this currency. Apart from lacking a central regulatory control, Bitcoin is also unique as users can remain anonymous and perform transactions through only an identification number. Since […]

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Change The Date Initiative

Each year, unbeknownst to many who are self-employed, business owners, or independent contractors, the City of Los Angeles requires everyone conducting business within the city limits to register his or her business and file a Business Tax Registration Renewal by February 28th. The major tax filings, Federal and State, on the other hand, are not […]

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Understanding New Tax Law Changes in 2018

Tax Law Changes

SUMMARY OF NEW TAX LAW CHANGES Recently, the President signed the most substantial tax reform in over 30 years, the Tax Cuts and Jobs Act (TCJA).  While your 2017 tax returns will be prepared under the old laws, your 2018 tax return will look very different.  Since most of the changes don’t happen until 2018, […]

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The Business To-Do

We’re sure you’ve heard the saying, “God is in the details.” Unfortunately, every year the IRS is in your details, and at a level that makes everyone a little panicky. However, just keeping minimally organized before you come see us will make all of this go smoother. We’ve put together a Business Tax Preparation Checklist […]

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What Now for Same-Sex Married Couples? (No. 74)

There are more than 1,100 places in federal law where a protection or responsibility is based on marital status. The ruling striking down DOMA will not be effective until 25 days from the decision, but even when effective, federal agencies—including the IRS—may need and take some time to change forms, implement procedures, train personnel, and […]

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IRS Tax Tips for Taxpayers Who Travel for Charity Work

Top 10 Tax Mistakes Made by Investors Investing is a complex undertaking. The supply of investment alternatives is seemingly endless. Evaluating various alternatives can be quite difficult and very time-consuming. And unless held in check, the actual decision-making process is fraught with human emotions that often lead investors to make counterproductive investment choices. Add to […]

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