Automatic Property Tax Reassessment – Sonoma County Fires
If your house was destroyed due to a calamity, you may be eligible for property tax relief under Revenue and Taxation Code section 170. Normally, to get this relief you would file a disaster relief claim with your County Assessor and you would file a property tax deferral claim to postpone your payment due date […]
IRS Gives Tax Relief to Victims of California Wildfires; Extension Filers Have Until Jan. 31 to File (IR 2017-172)
WASHINGTON –– Victims of wildfires ravaging parts of California now have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. This includes an additional filing extension for taxpayers with valid extensions that run out this coming Monday, Oct. 16. Currently, the […]
Santa Rosa Fires and your taxes
We’ve had a few people call today to tell us the awful news about losing their homes. We are so very sorry for everyone who has lost something in this disaster. A few clients have asked us what the loss means on their taxes. As of the writing of this post, Governor Brown has declared a […]
August is a great month to review your retirement savings
Every year at tax time, I ask clients if they want to do an IRA contribution. Many of them tell me: “Yes! But I don’t have the money right now. Next year for sure!” Then another year rolls around and I ask the same question and they say: “Yes! But I don’t have the money right […]
Don’t Make these Inherited IRA mistakes!
Inherited individual retirement account mistakes are expensive and often fatal, meaning they cannot be fixed like some other IRA mistakes can. We should have our antennas up when an IRA owner dies and leaves the IRA to a non-spouse beneficiary, like a child, grandchild or siblings. We don’t want there to be a mistake that caused […]