That’s the bell marking the end of the 2024 tax season (with a few exceptions). Yes, we’re pretty whipped over here at Pronto Income Tax Team. Every tax season brings its own challenges, and there were definitely a few for us in the 2024 tax season. But…...
I’ve had plenty of Los Angeles clients over the years come to me in a terrible position with their taxes because they trusted the wrong person’s advice or fell prey to a scam… or both. In fact, the third most commonly reported fraud is tax refund fraud, and...
And just like that, Tax Day is a week (or less, depending on when you’re reading this) away. Remember back in January when I said it would be here before you could blink?If you’re one of those who are waiting until the last minute, and my reminders haven’t been enough...
Did you experience any good April Fool’s jokes this week? I always love to hear about a good prank.Here’s one that’s actually not a joke (sorry)… We’re in the final stretch leading up to the April 15th personal filing deadline.It’s our Game 7 around here, and...
Three weeks. Yeah, that’s roughly how long until April 15. If you’ve already filed your return, don’t check out – today’s article will help you know if you need to do things differently on next year’s return.But if you haven’t yet prepared your taxes… well, you’re...
Remember that frantic scramble to file your taxes on April 15th? Procrastination happens, especially with taxes.But a rushed job often leads to a botched job. Why? Because there’s no time to double check to make sure everything is right. Small mistakes can be a big...
According to a survey by the American Cleaning Institute, 80% of Americans plan to spring clean this year.What’s funny is that same percentage of people would rather spring clean than take care of their taxes.I get it.While I understand that sentiment (taxes take...
Are we out of the inflation hole yet? (A curious mind wants to know…)Well, according to the Fed, they’re waiting a little bit longer to confirm that. The good news for now is no new interest rate hikes and maybe even some cuts down the road. That spells good...
One thing you don’t really want showing up in your Culver City mailbox (besides all of those dental office and windows installation ads) is a collection notice from the IRS.And, for two years, you had a reprieve thanks to the IRS halting many of their collection...
Last week, the IRS debunked some myths on 1099-K reporting.Remember, the IRS is planning to phase into the $600 reporting threshold for PayPal, Venmo, et al. Here’s how that breaks down (as of this writing):- Nothing will change for 2023. The threshold is...