The Blog

Believe it or not, we’re very busy around here. While the nation’s eyes are fixated on political things, we’re spending our days working hard on behalf of our clients right here in Palmdale (and beyond, of course), talking through tax-advantaged financial moves, entity formations, retirement options, and more. Simply put, we’re here for you, no matter what’s happening. And that’s … Read More

A few timely things to get to, before I offer you my thoughts on a good task for you to do this week… First of all, the IRS has apparently caught up on processing their backlogged mail that stacked up during COVID closures. Or, well enough, they say. That means that they are now resuming the mailings of tax-due notices … Read More

Tax Pro World is abuzz about the increase of the Social Security wage base standard. Well, I should clarify — most of Tax Pro World is taking naps this week and not really thinking much about taxes whatsoever, ha! After all, that was one of the most epically intensive tax “seasons” I can remember, with the stimulus payments, CARES Act … Read More

First some important reminders for all Palmdale taxpayers, then I have a bunch of questions to which I’d like you to respond… Depending on when you read this, the October 15th tax return extension deadline (for families and individuals) is either VERY close, or just recently passed. Therefore … a word on filing — even if you don’t want to: … Read More

Say it with me: four more weeks. Four more weeks until this crazy election cycle is behind us and we can all return to normal here in Palmdale. Except, well, if it isn’t. With the way that 2020 has been going, we might as well emotionally prepare for that eventuality and uncertain election results. And however it goes, what seems … Read More

Like many things political, one of the best ways to look at the tempest of the day is analytical bemusement. This is (always) especially true when it comes to tax issues. And I might have a take today that could surprise you. I am not interested in getting into political matters here (though this issue is obviously very political). I … Read More

With the passing of Justice Ginsburg 45 days before the election, we have officially entered the political crazy season. This — on top of so much conflict surrounding public health measures. It is also in addition to all of the conversation around racial pain, the difficult issues surrounding so many protests and urban riots. And many are without meaningful work … Read More

Floating under the radar during so much NOISE the past couple weeks … the CDC announced a halt to evictions for renters, and that starts THIS WEEK. I have some guidance today for you about what that means (and what it doesn’t), but a couple other things first, before we get there. First, can we all celebrate a little good … Read More

Everything about this year since March has just felt a little … off. And I mean aside from all of the cultural and political turmoil we’re living through. The seasonality of everything feels different too. Pro sports are out of sync, “back to school” season surely doesn’t feel normal (at least for most of my clients), and even something like … Read More

Finally, the IRS issued guidance on Friday evening about payroll tax deferrals. And, as we’ve been communicating … this may not be a very helpful program for most Palmdale taxpayers. In fact, it’s actually up to employers (not employees) whether or not to withhold Social Security payroll taxes from their employees’ paychecks from September through December. And again — this … Read More