The Tax Trap Palmdale Side Hustlers Need to Know About

These days, it seems like everybody and their uncle has a “side hustle.” From delivering for Uber Eats and Instacart to selling crafts on Etsy to teaching English online to renting out your front yard for dog parties on Sniffspot (yes, this is a real thing), there seems to be no end to the available part-time gig options for scoring … Read More

Rodney WilliamsThe Tax Trap Palmdale Side Hustlers Need to Know About

The Why and How Behind Procrastination – Something for Palmdale Friends to Consider

Stress. Anxiety. Unease. Worry. And a pinch of aggravation just to round it all out. No, I’m not talking about the upcoming May 17th federal tax deadline. Or am I? For millions of Americans every year, the tax filing deadline points to a much bigger issue. An issue so pervasive that it’s the subject of internet memes, stand-up comedy routines, … Read More

Rodney WilliamsThe Why and How Behind Procrastination – Something for Palmdale Friends to Consider

A Great Retirement Planning and Portfolio Tip for Our Palmdale Friends

Can you believe it? Three weeks until the May 17th deadline! You’ll forgive me if visions of vacation and beaches are dancing through my daydreams. For many in Palmdale, daydreams like these become more frequent while contemplating retirement (not just surviving the craziest tax season to date) … And whether your vision of retirement involves exotic beachfront locations, exploring new … Read More

Rodney WilliamsA Great Retirement Planning and Portfolio Tip for Our Palmdale Friends

Helping Palmdale Residents Understand the Purpose of Life Insurance

As the old joke goes, the only two guarantees in life are death and taxes. In these updates, I obviously spend a lot of time talking about taxes. And these past 12 months, no matter how things have landed for those of you in or near Palmdale … the other part of that axiom has been staring us in the … Read More

Rodney WilliamsHelping Palmdale Residents Understand the Purpose of Life Insurance

Buying a House in Palmdale During this Housing Shortage

Buying a house in Palmdale right now is painful. Very painful. Inventory is at a historic low, and prices are skyrocketing. I have some thoughts — and while this is admittedly not within my direct “wheelhouse” … I think it will help as we move through the spring and summer real estate seasons. But before I get there, a few … Read More

Rodney WilliamsBuying a House in Palmdale During this Housing Shortage

Big Earned Income Tax Credit Changes for all Palmdale Filers in 2021

I have to apologize to all of my Palmdale clients for the sheer volume of tax-centric writing I’ve been doing the last few weeks and months. Normally, I like to write on other topics (in addition to the tax-related stuff) … but I cannot emphasize enough how massively and significantly the tax code has been impacted by all this new … Read More

Rodney WilliamsBig Earned Income Tax Credit Changes for all Palmdale Filers in 2021

Key Healthcare Changes From ARPA For Palmdale Taxpayers

Last week marked the one year anniversary of the CARES Act (stimulus round 1). This was such a monstrous piece of legislation, it’s still being unraveled. It made “Obamacare” (ACA) and the “Trump Tax Cuts” (TCJA) seem like junior league tweaks. We had not before seen a bill so massive and comprehensive in its changes to the tax code  … … Read More

Rodney WilliamsKey Healthcare Changes From ARPA For Palmdale Taxpayers

How COV-19 Affected Annual RMD for Palmdale Retirees

With a third round of “stimmy” (as the kids say) hitting bank accounts for the past week, 90MM+ Americans (including some of us in Palmdale) are once again flush with cash. It remains to be seen what this will do for the economy, but combined with what seems to be a slow-but-steady sense of “reopening” in places that have been … Read More

Rodney WilliamsHow COV-19 Affected Annual RMD for Palmdale Retirees

The NFT Craze, Explained By Rodney Williams

Events are happening fast in tax world, and we are VERY busy here at Premiere Tax Service. But this is a good thing — we’ve been preparing for this season all year, and we love to serve. We knew that there would be unexpected curve balls this year, but “rewriting the tax code for tax returns that have already been … Read More

Rodney WilliamsThe NFT Craze, Explained By Rodney Williams

Post-Stimulus Taxes for 2020

I mentioned last week the key provisions of the “American Rescue Plan,” while it was just proposed legislation. Now that the House has passed it, there is more meat on those bones. I’ll run it all down for you once it’s been signed by the President, but the key provisions are what I indicated: An expansion of individual stimulus checks … Read More

Rodney WilliamsPost-Stimulus Taxes for 2020