Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. Previously, the deadline had been postponed to May 15 for these areas. The IRS is offering relief to...Read More

1. They are ethical people.Tax preparers must pass an ethics exam in order to obtain their license. It basically serves as a test that teaches them not to conceal information or lie. If you ask a tax preparer if they think you look fat in this dress, they will be honest with you and you...Read More

We are very happy to share that we reached 200 reviews on Google Do you need more information regarding accounting or taxes? Let our experts help you! You could fill out our form or give us a call at: (323)263-3399Read More

We are very happy to share that we got over a million views on one of our latest TikTok videos. This is the TikTok channel that only produces content in Spanish: ‘@atlantictax_’ The achievement of reaching 1 million views on Atlantic Tax Services’ latest TikTok video is a huge accomplishment and reflects the office’s dedication...Read More

Many owners of small businesses are unaware that an astounding 80% of American firms fail within the first 18 months. Accountants may perform a thorough analysis of your finances and produce a forecast for the entire year to maintain the health and prosperity of your company. Usually, poor money management is one of the key...Read More

The Internal Revenue Service said Tuesday that the term “digital assets” has replaced “virtual currencies,” a term used in previous years, on various tax forms. Taxpayers, the IRS said, “must again answer a digital asset question and report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021.” The question...Read More

Individuals and businesses impacted by recent storms in California will have an extended deadline to file federal tax returns and make payments, according to a recent IRS announcement. The Federal Emergency Management Agency (FEMA) has designated a wide range of counties throughout the state as disaster areas, and the relief is applicable to any area...Read More

All taxes can be broken down into three categories: Taxes on your purchases Taxes on your income Taxes on your assets Taxes on your purchases:When purchasing the majority of goods and services, consumers must pay sales taxes. These taxes bring in money for the state and the local government, which then pays for things like...Read More

Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes, but many who should overlook this step. The Internal Revenue Service today urged those who paid too little tax in 2022 to make a fourth quarter payment on or before January 17 to avoid an unexpected potential tax bill or penalty...Read More