Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
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Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
- Big Changes for Vehicle Tax Deductions
- In the past, the business use of a vehicle was determined either by using the standard mileage rate for business or using actual expenses plus vehicle depreciation limited by the luxury auto caps. That continues to be the case, except the luxury auto depreciation limit has been substantially increased. In addition, there are other changes as detailed below.
- You Could Have An Unpleasant Surprise At Tax Time
- A major concern for 2018 is whether taxpayers are having enough withheld from their paychecks. Watch video to learn more.
- Is Your Individual Taxpayer Identification Number Expiring?
- The IRS recently announced that approximately 2.7 million Individual Taxpayer Identification Numbers (ITINs) will be expiring at the end of 2018 and will need to be renewed
- Has Tax Reform Taken Away Your Home Mortgage Interest Deduction?
- The Tax Cuts and Jobs Act of 2017, more commonly referred to as tax reform, substantially altered the itemized deduction for home mortgage interest and affects just about everyone who has been deducting their home mortgage interest as an itemized deduction on their tax returns.
- Why Am I Being Audited by the IRS?
- With the 2018 filing season currently behind us, notices have started to appear in mailboxes. While the IRS letterhead strikes fear into the hearts of most Americans, a vast majority of those notices are nothing to fear, since most of them are computer-generated and referring to outstanding tax bills you haven’t paid yet or errors on your tax return that can be easily addressed. Simply getting an IRS notice is not indicative of an audit.
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