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Atlantic Tax
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We are hiring, join our team! The open position we have at the moment: Administrative Assistant Location: Our office inLos Angeles, California. Send us an email!
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The Internal Revenue Service today reminded IRA owners age 70½ or over of their option to transfer up to $100,000 to charity tax-free each year. These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. Moreover, for those...
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Imagine that your startup is transitioning from an idea to a legitimate company. There are a ton of things to think about and take into account. A professional bookkeeper could help you save money by ensuring that the invoices are paid on time and there are fewer human errors. We constantly hear from people that...
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The Internal Revenue Service today released a new set of tax gap estimates on tax years 2014 through 2016 showing the estimated gross tax gap increased to $496 billion, a rise of over $58 billion from the prior estimate. The gross tax gap is the difference between estimated ‘true’ tax liability for a given period...
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Because of a change in tax law, some online sellers may soon receive a tax form that few have seen before, a 1099-K. A law requires online marketplaces to send out a Form 1099-K for sales of $600 or more. Most casual sellers will not owe taxes on the sales, but that’s not always clear....
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The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2023 in Notice...
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The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments. New for 2023 The Inflation Reduction Act extended certain energy related tax breaks and indexed for inflation the energy efficient...
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Make sure to be on time. We are accepting walk-ins today from 9:00 AM to 7:00 PM source: IRS.gov
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The Internal Revenue Service reminds taxpayers who requested an extension to file their 2021 tax return to do so by Monday, October 17. No one should pay any more tax than they absolutely have to. Trimming your tax bill can be accomplished by claiming every tax break for which you’re eligible. This includes a variety...
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California Middle Class Tax Refund payments go out starting Today: Friday. See how much you’ll get! $9.5 billion in Middle Class Tax Refund payments will begin going out to Californians, with refunds of up to $1,050 that will benefit millions of eligible Californians under the largest such program in state history. Governor Newsom on Middle Class Tax...
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