Will You Have To Pay Back Your Stimulus Check?

The U.S. government will issue stimulus checks in the amount of $1,200 to individuals and $2,400 to couples in the wake of the coronavirus. And while the checks provide some relief to those dealing with temporary layoffs and other financial problems due to COVID-19, many are wondering if they will have to pay the checks [...]

FAQ About Property Taxes Amid COVID-19

The coronavirus has extended the April 15th deadline for income taxes; however, the extension does not apply to property taxes in most states, including California. Review these frequently asked questions about property taxes and COVID-19 if you own property in Los Angeles County or anywhere else in the Golden State. And remember, your Encino tax [...]

Accounting Steps To Take Due To COVID-19

The coronavirus, or COVID-19, has unfortunately put a wide variety of “non-essential” businesses on lockdown for at least the next few weeks. If your company is among these businesses, knowing what steps to take in regards to accounting can seem overwhelming at first. Here, review what your local Los Angeles accounting firm recommends to navigate [...]

The Fastest Way to Get Your Tax Refund

Are you ready for tax season? While stressful, filing your taxes has one big positive: Getting a refund. With the help of Encino tax consultants, you can get a sizable refund to put towards debt, bills or a well-deserved vacation. Of course, you want to get your money as fast as possible. Fortunately, there are [...]

What Is the Difference Between Real Estate Taxes and Property Taxes?

While the terms real estate taxes and property taxes are often used interchangeably, they actually refer to different types of taxes. Learn more about how each of these items may affect you or your business, then seek advice from experienced Encino tax advisors. The Facts About Real Estate Tax Real estate taxes, sometimes mistakenly referred [...]

How Does an Offer in Compromise Work?

If you owe federal taxes you are unable to pay, you may be able to qualify for an offer in compromise. With this type of arrangement, the IRS agrees to settle your tax debt for less than the total amount you owe. Encino tax consultants can help you prepare an offer that meets the IRS [...]

What Is Sin Tax Law?

Sin tax laws establish taxes for certain “sinful”; items, such as alcohol, tobacco, soft drinks, junk food and gambling. Businesses who sell these items must collect sin tax from their customers and remit this amount to their state or municipality depending on local laws. Encino tax consultants can help California companies ensure that they are [...]

What Are the Benefits of Taxes?

It’s understandable if you do not enjoy paying your income taxes. For one thing, the process can be unnecessarily complicated and frustrating. Filing entirely by yourself, with no third-party help whatsoever, requires a good deal of research. Thankfully, because of Los Angeles Tax Preparation services and other groups, the experience is more bearable than it [...]

Who Has to File a Tax Return?

Each year as tax season rolls around millions of Americans ask themselves if they really need to file. Maybe they didn’t make quite enough to do so or fall under a special exemption. This area of tax law can be a tricky minefield, so it’s best to take your questions to Encino Tax Advisors who [...]

Do I Have to File for Taxes if My Income is Low?

In the huge majority of cases, you don’t need to file a federal return if you have no income or if your income falls under IRS minimums. Exceptions do apply. For example, if you’re self-employed and have an income of at least $400, you need to pay taxes and file. The IRS adjusts the minimum [...]