Here is some good news on the government deficit front: tax revenues are up and government spending is down! There is still a big deficit, but it is getting a little smaller. This article in Forbes by Kelly Phillips Erb gives the details year to date: http://www.forbes.com/sites/kellyphillipserb/2014/08/14/tax-revenues-still-on-pace-to-break-records-in-2014-as-budget-deficit-shrinks/ While good news (sort of) it still means the government has a long way to go before we actually have a surplus in revenue vs. spending (last time was 2001). Thanks Kelly. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Burbank CPA Tax Musings: Six Tips for People Who Owe Taxes
Do you owe taxes this year, think you may owe (if you are on extension, for instance) or think you may owe next year? Here are some tips from the IRS for people who owe taxes to either pay quickly, extend the payments if needed or try to reduce the outstanding tax bill: http://content.govdelivery.com/accounts/USIRS/bulletins/c98c70?reqfrom=share These are general tips that work for most people; if you have a more complex situation you should probably find an expert in this type of tax resolution. These professionals specialize in working with the IRS to try and get your tax bill managed. I know some of these experts if you want a referral. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Financial Musings of a Burbank CPA: Real estate taxes soar along with home prices
This article is mainly focused on California taxes related to real estate, including property, transfer and capital gains taxes, but it is a good list of items to check into across the country before buying or selling a home. Kathleen Pender, writing in SFGate, gives you the details: http://www.sfgate.com/business/networth/article/Real-estate-taxes-soar-along-with-home-prices-5673040.php Some of the taxes here are paid by the seller of the real estate and some by the buyer, but you always need to be aware of them so you don’t get surpised. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa