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Four Great Summer Tax Moves For Folks in Southern California

Summer is flying by. Do you feel that way?It's an exciting season with cookouts, vacations and extracurricular activities (my thoughts and sympathies for Southern California parents with multiple kids playing multiple sports among 100 other things). Before you know it...

Tax and Financial Planning for Multi-Generational Caretaking for Southern California Families

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 Southern California.Except, well, if it isn't. With the way that 2020 has been going, we might as well emotionally prepare for that...

David Barnes’ Insights on Good Debt Vs Bad Debt

Before I jump into outlining good debt vs bad debt for all those in Southern California trying to tackle their personal debt, let’s touch on some news from everyone’s not-so-favorite government agency. Late last week (Friday news dump?), ye olde Internal Revenue...

How Southern California Residents Can Donate for Dorian Relief

Unfortunately, this is a follow-up piece to some advice I shared in the spring -- March to be exact.When tornadoes ravaged Lee County, Alabama, the country rushed to its aid. Although nature is beautiful in various forms, it's also equally unpredictable. And that...

Southern California Taxpayers with IRS Problems: How to Choose the Best Tax Advisor

The new year train has rolled out of the station and is picking up momentum already. First stop? Tax season.If you haven’t been thinking about or preparing for it, you should be! Especially if you’ve got unfiled taxes or owe back taxes. It’s really time to face those...

What Is Estate Planning? Six Good Reasons Everyone Should Have An Estate Plan In Southern California

There is this show I've been watching on Netflix called Heir Hunters, and it chronicles 30 research companies in the UK who race to locate surviving heirs when someone dies without a will. The research companies get a commission if they can locate the heirs. It's a...

Do Not Procrastinate Tax Filling In 2020 by David Barnes

Have you met with us yet?The Super Bowl and the Oscars are over. The IRS has been accepting electronically filed returns for a couple weeks now.Which means, well ... it's about to get real. We are getting busy around here at Team Barnes Accountancy Corporation.Which...

Being Financially Independent: Planning for the Future Starts Now

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 2019...

David Barnes’s Seven Negative Results And Six Painful Consequences For Unfiled Tax Returns

The IRS just began receiving tax returns this week, and Tax Preparers all over the nation are cranking and grooving along, finding all kinds of savings on behalf of clients ... as well as chomping at the bit to help them on THIS year's taxes. The buzz around the tax...

Tax Deadline Rumors And Planning For Corona Virus byDavid Barnes

Hello, my friend. The world has shifted under our feet.With the barrage of media, medical, and economic news flying at us, I want to stay in my lane today.You don't need more medical advice, you don't need tips on working from home (at least today -- I might share...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!