Pronto Tax Blog
What Happens After Los Angeles Taxpayers Appeal IRS Decisions?
Key TakeawaysThe IRS has launched an IRS Post-Appeals Mediation (PAM) pilot program for certain unresolved Appeals cases. PAM allows a facilitated negotiation with a neutral mediator and a new Appeals team. Not every case qualifies, but the program...
What’s the Los Angeles Gig Worker Solution to a Surprise Tax Bill?
Key TakeawaysEstimate your full 2025 tax liability now (including income tax and Self-Employment Tax) to avoid underpayment penalties before the January estimated tax deadline. Maximize year-end deductions such as mileage, home office, equipment purchases, and...
IRA v Roth IRA v 401(k): Should Los Angeles Taxpayers Convert Before 2026?
Key TakeawaysTraditional IRA gives you a tax break today and taxable withdrawals later. Roth IRA means tax-free growth and withdrawals later. 401(k) has larger limits with employer-based tax benefits. A Roth conversion adds income to your...
Keeping IRS Settlements on Track for Los Angeles Taxpayers
Key TakeawaysAn Offer in Compromise (OIC) isn't final until you stay compliant for a full five years from the date of acceptance. Missing a future return or underpaying future taxes can void the entire deal. If you have a Notice of Federal Tax Lien, it...
A Moment to Give Thanks for My Los Angeles Clients
As we’re entering Thanksgiving week, I’ve been thinking about how “interesting” this year has been. And I mean that in the polite way we describe things that are not exactly a joyride.The national noise was intense.- Inflation nearly made eggs feel like a...
What Are The Best Safe Online Shopping Tips For Los Angeles Holiday Shoppers?
Key Takeaways Watch for IRS impersonation scams. Use a password manager. Strong, unique passwords for every account are non-negotiable. Keep your devices updated. Software updates often patch newly discovered security flaws. Use antivirus...
Streamlined Installment Agreement: A Tax Debt Repayment Option for Los Angeles Owers
Key Takeaways The Streamlined Installment Agreement (SIA) is an ideal option for paying back taxes to the IRS… IF you owe $50,000 or less. Most people get immediate approval... no financial disclosures required. You have 72 months to pay off...
How Do Los Angeles Investors Avoid Capital Gains Taxes From Selling Investments Or Property?
Key TakeawaysHold for at least one year and a day to qualify for lower long-term capital gains rates. Use losses to offset gains through tax-loss harvesting (but beware the wash sale rule). Time your sale during a lower-income year to take advantage of...
What is in the One Big Beautiful Bill? Child Tax Credit Changes for Los Angeles Families
Key TakeawaysThe Child Tax Credit (CTC) is now worth up to $2,200 per child for 2025 taxes (filed in 2026). Up to $1,700 of the credit is refundable if you don’t owe any taxes. Because of the OBBBA, you (or at least one spouse if filing jointly) must...
What’s Alternative Minimum Tax? A 2026 Update for Los Angeles High Earners
Key TakeawaysThe OBBBA changes the AMT landscape starting in 2026, meaning more taxpayers will be pulled into AMT territory. High earners in high-tax states (and those with ISOs or private activity bonds) are the most at risk of an unexpected AMT...
IRS Audit Representation: When Your Los Angeles Tax Pro Shines
Key TakeawaysThe way you communicate with the IRS can shape the entire outcome of your audit. Filing a Power of Attorney form allows your tax professional to legally handle all communication for you. Speaking directly with the IRS can...
Can an ABLE Account Help Los Angeles Families with Qualified Disability Expenses?
Key TakeawaysABLE accounts let you save and invest tax-free for disability-related expenses. Up to $100,000 in an ABLE account is excluded from Supplemental Security Income (SSI) resource limits, and Medicaid eligibility continues beyond...