Tax break for pet owners?

Posted by on Mar 20, 2017 in Blog | 0 comments

I can’t tell you how many times over the years I have been asked if veterinary costs are deductible for your pets.  Well, a bill has now been introduced in California that would give a tax credit of 50% of costs for vet bills for your pet cat or dog.  AB 942 was introduced last month.  Roads and bridges all over the state are crumbling from the recent storm damage, the state is facing severe funding shortages for pensions but at least...

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Don’t believe everything you hear.

Posted by on Mar 5, 2017 in Blog | 2 comments

This morning I was listening to a home improvement show on the radio and they spent several minutes explaining various tax credits available for doing certain home improvement projects related to energy efficiency.  Just one problem.  All of those credits expired on December 31, 2016.  There is still a credit available for installing solar systems, but the remainder of the energy related credits for hvac, insulation, windows etc. no longer...

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Trumps tax returns

Posted by on Feb 14, 2017 in Blog | 0 comments

It seems that there is a certain group of people obsessed with the idea of obtaining Donald Trumps tax returns.  This group seems to have been reanimated last week when Rep Bill Pascrell (D-N.J.) wrote a letter to the chairman of the House Ways and Means Committee requesting that they use their authority to request Trumps returns and review them for potential conflicts of interest.  I have seen several articles claiming that congress has the...

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Obama issues Giant pardon

Posted by on Jan 18, 2017 in Blog | 0 comments

The San Francisco Giants Hall of Fame slugger, Willie McCovey was pardoned by President Obama for his tax fraud conviction.  He was convicted in 1995 for failure to report income received for signing autographs etc. at sports memorabilia shows.  I have many fond memories from my childhood of “Stretch” McCovey crushing long home...

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2017 Standard Mileage Rates…and other IRS stuff

Posted by on Dec 28, 2016 in Blog | 0 comments

IRS has announced that the standard rates for mileage for 2017 are 53.5 cents per mile for business use, 17 cents per mile for medical or moving expense, and 14 cents per mile for medical. In a separate announcement, they have stated they will begin processing 2016 tax returns on January 23, 2017. Many due dates are changing for forms and tax returns also. Here’s a link to a blog I wrote for the BBB with more...

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