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... Read More →
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Cromwell Tax & Bookkeeping : Income Tax Preparation – Bookkeeping – Payroll – Fiduciary Accounting and other Accounting Services in Santa Rosa and throughout Sonoma County for over 30 years.
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... 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... 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,... 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... Read More →
Hey Californians… if you thought the IRS was tough, wait until you meet the Franchise Tax Board!
If you live or work in California then you are taxed by two income tax agencies: (1) The IRS at the federal level and (2)... Read More →
I haven’t received my refund.. what did you do wrong?
The common cry from taxpayers this year has been “I haven’t received my refund… what did YOU do wrong?!” Alas, me and preparers like me... Read More →
How to pay deferred self-employment tax
The CARES Act allowed self-employed individuals and household employers to defer the payment of some of their Social Security taxes on their 2020 tax returns.... Read More →