Standard vs Itemized Deductions

Standard vs Itemized Deductions

Clients often ask me why they can’t deduct their (you name it).  Unless you’re paying a high-interest home mortgage or contributing generously to charity, you probably don’t have enough eligible expenses to deduct on Schedule A.  Your...
Receive a CA Tax Filing Notice?

Receive a CA Tax Filing Notice?

Taxpayers who filed a federal tax return with a California (CA) address listed on their 1040, will likely receive a computer generated letter requesting a CA state tax return be filed. When you receive this letter, do not panic! Most military families stationed in CA...
Timing the Sale of Your Home

Timing the Sale of Your Home

Thanks to low interest rates and several first-time home buyer programs, many families have decided to purchase real estate in the last several years.  At some point, most of you will make the decision to sell for reasons like an expanding family, job...

Entrepreneurship 101

Today I hired my first employee, Miss. M. Ingram – Administrative Assistant!  Of the three candidates who applied – Miss Ingram and her two younger brothers – her maturity, proven leadership, and ability to spell her new job title learn more about...