I’m going to stick with last week’s theme on being financially independent because I got some nice feedback. Before I get there, a quick word about the IRS for our friends in Southern California… Per Kiplinger, as of June 25, the IRS had a backlog of 16.7 million…

You’ve probably got a story to tell. The one about how you got to where you are today. It probably involves lots of hard work and sacrifice. And money. Last I checked, people weren’t giving away their Southern Californiahomes and cars. And I bet that you put locks on…

Events are happening fast in tax world, and we are VERY busy here at Barnes Accountancy Corporation. 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…

These weeks are disjointed, these holiday weeks. As of this writing, there are only three days left in 2020, and this week contains New Year’s Eve and New Year’s Day. So if you want to make ANY 2020 moves (outside of IRA things, which can be retroactively…

When it comes to your money, you’re either spending, saving, giving or investing. I know that many of my Southern California clients are doing all four, which is always wonderful to see. The last one, investing, is the one I want to focus on today. I talk a…

Every year, the IRS charges tax debtors a boat load of penalties. Just how much? If you’re in Southern California and you owe taxes, you should definitely take a look… To put this in perspective, the IRS budget for 2021 is about $12 billion. That means the…

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…

According to IRS calculations, the 2021 allowable living expenses for a typical family of four didn’t change a single dime from 2020 . It went from $1,740 per month to… $1,740 per month. The IRS clearly missed the memo regarding pandemic inflation from their…

Click on the news right now and you’ll see: floods, storms, fires consuming whole states. And that’s not even taking into account the everyday crime from thieves or vandals that usually dominates the news. Seeing and hearing all of that, it’s easy to look around your…

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 Southern California taxpayers. In fact, it’s actually up to employers (not employees)…