Get Smart.....! Qualified education expenses still may result in reducing your taxes! GeneralSteve SimsNovember 5, 2018#irs, #educationexpenses
“Talk to the Boss about a new deal....” No more un-reimbursed employee expense deduction. GeneralSteve SimsNovember 2, 2018#irs, #unreimbursedexpense
Adopting a child....something you don’t do for the “tax credit”, but nice to know one is available! GeneralSteve SimsOctober 22, 2018#irs, #taxcredit, #adoption
Medical Expenses...”the not so Silent Killer,” Even what you can afford to pay, you probably can’t deduct. Damn shame!! GeneralSteve SimsOctober 15, 2018#irs, #medicalexpenses
Give...but not until it hurts! IRS warns of scams related to natural disasters! GeneralSteve SimsOctober 10, 2018#irs, #scams, #disasters
A quick Snapshot at IRS Tax Reform...Get the picture.... GeneralSteve SimsOctober 8, 2018#irs, #taxreform
“Check your mail” then “Open your mail”...Franchise Tax Board sent out over 4000 notice to Nonprofit Organizations to start the dissolution process. GeneralSteve SimsOctober 5, 2018#ftb, #administrativedissolution
“Like it or not”...California like kind exchange reporting requirements and tips for correct reporting GeneralSteve SimsOctober 3, 2018#likekindexchange, #ftb
“Tax Incentives for a Higher Education “....get that government paid scholarship! (Kinda) GeneralSteve SimsOctober 1, 2018#taxincentives, #highereducation, #irs
Ok, starting the “All About the Positive” book club. Choose your own book and share! GeneralSteve SimsSeptember 26, 2018#bookclub, #positivity
On sale now at the IRS! Get a 20% deduction if you’re a member of an S Corporation, Partnership or LLC! GeneralSteve SimsSeptember 21, 2018#irs, #deductions
When it comes to 1031 Like-Kind Exchanges, IRS changed, but California did not. But, if it doesn’t work for Federal...it doesn’t work for California! Tax articlesSteve SimsSeptember 19, 2018#ftb, #irs, #exchangeofproperty
California’s new tax court dogged by backlog, bias claims GeneralSteve SimsSeptember 17, 2018#boe, #ftb, #appeals
Getting it Right! “Senate confirms Charles Rettig to be IRS commissioner”... An Advocate for the people, also my mentor and good friend. GeneralSteve SimsSeptember 14, 2018#irs, #taxcommissioner
Done with your business entity (Corporation, LLC, etc.)? You better shut it down or it will continue to cost you! GeneralSteve SimsSeptember 12, 2018#ftb, #closingbusinessentity
Tips from the Internal Revenue Service and the State of California Franchise Tax Board On “How to choose a Tax Professional “ GeneralSteve SimsSeptember 10, 2018#ftb, #taxpro
So, you’re donating your Nike gear to charity....you will need to determine Fair Market Value. GeneralSteve SimsSeptember 7, 2018#irs, #donation, #fairmarketvalue
Being audited by the IRS or FTB? Thinking you’re going to represent yourself......You’d better check yourself before you wreck yourself! GeneralSteve SimsSeptember 6, 2018#ftb, #selfrepresentation
California Taxpayers that claimed Head of Household, the Franchise Tax Board may come a callin.... make sure you respond! GeneralSteve SimsSeptember 5, 2018#ftb, #headofhousehold
Tax Professionals still using SIMS to help California disaster victims. GeneralSteve SimsAugust 29, 2018#ftb, #SIMS
