Blog
Offer In Compromise Mills And Other Tax Scams For Southern California Taxpayers To Avoid
Every year, the IRS releases their list of what they call "the dirty dozen".(Apparently, the marketing gurus who work at the IRS think that if they give it a catchy name, maybe even a pop-culturey one, the people will pay more attention.)But aside from the cheesy...
David Barnes’ Guiding Principles For Teaching Kids About Money
However you slice it, the schooling situation right now is tough, with no good options.If you are vehemently in favor of full-on school ... well, compassion would dictate that you would recognize that others are having more difficulty with that, for caution's sake or...
A Strategy For Southern California Taxpayers With A Higher Than Expected Tax Bill
Taking a look around the world these days, and where things seem to be headed...But our heads are high here at Barnes Accountancy Corporation because we worked our tails off for our Southern California clients this year. We helped a bunch of people save a ton on their...
Reflections On The Extended Tax Season By A Local Southern California Tax Professional
I remember at the end of April 2019 that I felt like it had been one of the wildest tax seasons in memory. The TCJA ("Trump Tax Code") had thrown a ton of curveballs our way, and we were looking forward to implementing tax planning strategies for our Southern...
The End of Tax Season, Estimated Taxes, And Unemployment Compensation by David Barnes
I'm still emotionally adjusting to the fact that we just went through 4th of July weekend ... and "tax season" is STILL GOING.I'm thankful for it, because I also know that extending the deadline during this wild, intensely difficult year (for so many) was a rare...
The Best Way For Southern California Taxpayers To Get Answers About Tax Debts
With all of the chaos we've been enduring, word on the tax professional "street" is that there is coming a FLOOD of people who will be owing tax debts to the IRS (and the SBA) in a few months.With unemployment as it (still) is, and the economy not fully reopening...
David Barnes’ To-Do List If You Can’t Pay All Your Taxes
Some of our Southern California clients are STILL pulling their paperwork -- which is understandable during this donkey of a year, and with all of the new complications.But sadly, ye olde IRS isn't extending any payment grace in a couple weeks. (I say "sadly", but...
Why Procrastination Makes Sense in 2020 For Southern California Taxpayers
We've had impeachment votes, worldwide pandemics, quarantine-like lockdowns (for the healthy), public police brutality, widespread protests, intense riots, MURDER HORNETS, statues falling, social media anger and now we have a drunken and murderous monkey to top off...
Is Your State Broke? David Barnes Analyzes State Tax Revenue Sources
With national events continuing as they are, here at Barnes Accountancy Corporation, we're finding ourselves locking into "go mode" ... again.It's unusual for us to be in this mode smack in the middle of June, but this year has not been ... usual.This is because the...
Financial Mindset Management for Our Southern California Tax Clients
Based on the history of events over the course of the last few decades (both here in Southern California and beyond), you might have thought that world events would have slowed down in the last week -- that there could begin to be some sense of normality.But no. This...
Which Stimulus Payments Are Taxable (and Which Aren’t) For Southern California Taxpayers
All over our nation, we're seeing pain.It's overwhelming, as someone who has to communicate to a broad base of Southern California clients, to even articulate meaningful words about everything that is happening.So ... I'm just doing what I can to sit in the pain of it...
Back Taxes, The Stimulus Checks and the EIDL For Southern California Taxpayers
The short answer is: not really.There are some caveats.Before I get into all of that, though, a word...This pandemic represents an opportunity for you.Whatever it is that caused your initial problems with the IRS and other taxation authorities ... our cultural moment...