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Where's My Refund?
Tax Preparation
Tax Planning
Investment Review
Estate and Gift Planning
Business Solutions
Rental Properties
About Us
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FREQUENTLY ASKED QUESTIONS - FAQ
Refunds
Almost all the returns we do are by E-filing and most of the people choose to have their refunds deposited directly into their bank accounts.
How long does it take to receive my refund?
It takes 1-2 weeks for your refund to reach you, depending on the IRS backlog. If you do not receive your refund within three weeks, please contact us.
How can we maximize your refund?
One of our goals is for you to receive the maximum refund which is legally due to you. We spend time attending classes to learn new tax laws and how they affect your tax liability.
What kind of tax program do you use?
We have Lacerte, the best software available with which to connect to the IRS and California tax authorities. This assures that the tax filing process will go smoothly. This software allows us to file returns for all states.
Tax Planning
In order to maximize your refund, competent tax planning is a necessity. Thousands of dollars a year can be saved as a result of good tax planning.
How many exemptions should you claim on your W-4 form?
We can help you calculate this number.
How do I know if my employer taking out enough taxes so that I won't have to pay on April 15th?
This is a common question and one that we can help you answer. Do you want a big refund or do you prefer to pay come April 15th?
What is my tax liability if I sell my residence?
If you sell a house you have lived in for a long time, you may have to pay tax on the gain, even though there is a large exclusion. We can help you calculate how close you are to paying tax.
What are the tax implications if I sell a rental?
When you sell a rental you may have to pay tax on the gain. There are ways to avoid the tax by means of doing an exchange. We are aware of the rules and can help you minimize tax liability.
Estate and Gift Planning
Deciding how your estate will eventually be distributed is an important aspect of a good financial plan. We can help you look at options to reduce your tax liability so that more of your estate goes to your heirs and less to the government.
Gifting to family members can distribute assets before they are taxed by the estate.
Estate tax laws are constantly changing and it is critical that you become aware of your estate's tax liability.
A living trust is one vehicle many taxpayers use to reduce probate costs. A simple will maybe just as effective. Which one is best for you?
Investment Review
Since our staff is experienced in most financial areas, we are able to review your holdings and speak to the tax implications of your plan. Although we are licensed in numerous areas of finance, we do not sell insurance or investment products.
Some investments have greater tax liabilities than others. We can review the tax consequences to that you can choose the one best suited to your goals.
Many taxpayers put investments in the names of their minor children under the Uniform Gifts to Minors Act. This diverts the income from investments from parents to their minor children and can significantly reduce their tax liability.
When you retire, your tax situation will change. We can help you determine and plan for this change.
Business Solutions
Our staff includes a businessman with over 20 years experience as CFO of a variety of different businesses. We are able to advise and direct you to the numerous options available to small businessmen. Depreciation rules often change and it is necessary for the successful business to know how to best maximize the depreciation allowance as well as one time Section 179 deductions. Our staff is able to advise regarding sources of credit and the best approach to structuring debt.
Call 858-456-1082
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