Office: 2372 Morse Ave, Irvine, CA 92614
Phone: (949) 356-0840
Email: irvinetaxsolutions@gmail.com

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RESOURCES

December 22, 2017

Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice. You must keep records, such as receipts, canceled checks, and other documents supporting an item of income, a deduction, a credit appearing on a return, etc. Here are the list of a handful of ti...

December 21, 2017

The Electoral College has confirmed new president-elect making great changes next year. For now, we still need to keep track of the routine things involved in bookkeeping and tax. Here are some quick steps:

1. Make charitable contributions before year-end

This is an exceptional way to reduce your tax burden for the year as well. Remember to look up the...

December 13, 2017

If people haven’t filed their tax returns for a number of years, they are likely anxious and find themselves glancing over shoulder periodically to see if Uncle Sam has caught up with them. Once a refund is older than three years, they can no longer be claimed and can’t be applied to other year income tax liabilities. Thus, non-filers may have the IRS jum...

December 8, 2017

There are a range of reasons to keep records. In addition to tax purposes, people may need to keep them for insurance purposes or for getting a loan. Good records is useful to:

  • Identify sources of income. People may receive money or property from a variety of sources. Records help them determine the sources of income needed to separate business from no...

November 29, 2017

In recent years, thousands of people have lost millions of dollars and their personal information to tax scams and fake IRS communication. Scammers use the regular mail, telephone, fax or email to set up their victims. This page looks at the different scams affecting individuals, and businesses.

1 IRS-Impersonation Telephone Scams

An aggressive and sophisti...

November 6, 2017

Taxes are a necessary evil - the price we pay for roads, bridges, schools and law enforcement. Audits, on the other hand, feel just plain evil.

In an effort to thwart fraud, the Internal Revenue Service audits about one percent of U.S. taxpayers every year. IRS computers are programmed to catch outliers and oddities on returns; any item that falls outside...

November 2, 2017

With the extended 2017 tax filing season drawing to a close, now is the time to act promptly if you still need to claim a tax refund. Your preparer may take information directly from you or ask you to complete a questionnaire. Either way, you’ll need time to collect and organize the information. Here are 10 steps to take before meeting for your tax prep.

1...

August 24, 2017

Tax refunds can feel like Christmas in springtime. With a sudden boost to your bank account, you can look forward to going on a shopping spree, catching up on debt or squirreling the refund away in savings. These days, you can even anticipate when your windfall will arrive by tracking the status of your refund with the Refund Status tool available from th...

August 23, 2017

If you want to pay the least amount of income tax each year, then it may be helpful to start doing some tax planning. Don’t worry - you don’t need an accounting degree to make some smart tax decisions. A little planning goes a long way.

Step 1: Start a filing system

Start a filing system to organize your documents. Any successful tax planning strategy requi...

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