Am I Eligible for Coronavirus Tax Relief?

Categories: Federal Tax

Coronavirus (COVID-19) is affecting every person, from the economy, to business, health and social practices. Tax season is also affected with filing and payment deadlines being delayed federally and in many states. The federal government has authorized monetary help in the form of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act)…

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How is Coronavirus (COVID-19) Effecting Your Taxes?

Categories: California Tax Law

Covid-19 news graphic

Everyone is affected by the Coronavirus (COVID-19) pandemic in this very uncertain time. From social distancing to quarantined living, our daily lives have changed for the foreseeable future. Tax season is also affected with filing and payment deadlines being delayed federally and in many states. Here’s a look at the changes for 2019 tax season….

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Does Prize Money get Taxed?

Categories: Federal Tax

Golfer in California.

Does Prize Money get Taxed? A common question people have about taxes is whether prize money is considered taxable income. And further, whether athletes pay tax on prize money. Here’s a look at how the IRS and the state of California classify prize money when it comes to taxes. Prize money is considered any money…

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I Owe the IRS Money and Need a Payment Plan

Categories: Federal Tax

Dollar payment for a plan.

I Owe the IRS Money and Need a Payment Plan Tax season is upon us, and there are few things that create more stress than owing the Internal Revenue Services (IRS) money. Unfortunately for many taxpayers, owing money on taxes is a reality of life. But what happens when you owe the IRS money, but…

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Are You Aware of Changes to Your Online Sales Tax?

Categories: Federal Tax

Ecommerce

Are You Aware of Changes to Your Online Sales Tax? There’s been a change in how states are collecting sales tax from online purchases. If you’re a taxpayer and have ordered anything online – which is pretty much all of us – then you need to be aware of this sales tax law and how…

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