Massive Changes to Retirement Planning
The Secure Act 2.0 passed Congress today (December 23rd) and it includes a massive amount of change to retirement planning. This 358-page law includes: Increases the age for mandatory RMDs from age 72 to age 73 starting in 2023, and... Read More →
When do I get my Middle Class Tax Refund from California?
This week the Governor signed AB192 which provides tax refunds for qualifying “middle class” taxpayers in an effort to provide relief from inflation. You will qualify if you: Have filed your 2020 tax return by October 15, 2021 Have California... Read More →
Real Time Identity Verification now available at MyFTB!
The Franchise Tax Board (FTB) announced today that you can now register for MyFTB without waiting for a Personal Identification Number (PIN) letter sent by snail mail. Beginning February 4, 2022, individuals and tax professionals may choose how to activate... Read More →
How to get your Advanced Child Tax Credit amounts for 2021
If you received an Advanced Child Tax Credit, you have to reconcile the amounts received on your 2021 tax return. If you report the wrong figure, then your return will get moved to the Manual Review pile, and once that happens... Read More →
Continued Woes at the IRS
The IRS is grossly underfunded and understaffed and over the past two years, Congress has made their job even harder by asking them to manage the delivery of stimulus payments and advanced child tax credits to millions of Americans. So, it... Read More →