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Blog: Tax Tips & News

Do You, Personally, have a Post Covid 19 Recovery Plan

Date: June 16, 2020
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The next blog will focus on your business Covid-19 recovery plan. This one focuses on your personal recovery plan. Over the past 3 months we've fallen into some habits that we might need to snap out of or we might need to keep. Take a personal assessment of these habits. Assess them and put them […]
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Tax Relief We Should Demand...

Date: May 14, 2020
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As the 3rd round of tax relief goes through the Congress and Senate kicking and screaming, here are some things us small fry should demand as well so we come out well on the back end… Tax on unemployment benefits should be waived for 2020 and 2021. As we collect unheard of amounts in unemployment, […]
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Are you wearing a mask?

Date: May 7, 2020
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Wearing a mask is not about whether you are sick or not. It it not even about whether you care if you get sick or not because you could get over it quickly. Wearing a mask is a sign of respect. It is acknowledging that for some people out there this is incredibly serious to […]
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I'm a citizen--married and broke and I get no relief because I married who?!

Date: April 23, 2020
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Tax payers are just now discovering a particularly mean-spirited limit to the Economic Impact payments. We all were not surprised when this administration said any one without a social security number that qualified you to work would NOT get the stimulus check. To the surprise and great disappointment to many citizens, the administration ALSO restricted […]
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What one family is dealing with...

Date: April 16, 2020
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We are just one family in America. I am sure every family has its tales. Send yours to us in an email to Trish@AmeriTaxCA.com. Right right now this is how Covid-19 has affected us. Just sharing. We have two college-age girls. One was called back from her study abroad program 3 months early. She is […]
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First Stimulus Checks Have Been Delivered and what a MESS

Date: April 15, 2020
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This is a first of its kind, massive use of direct deposits for non-regular receivers of government money.  Can you even believe the government would roll out this program without even testing a small batch of checks first to see what issues would surface? When it worked, it worked really well. For example with folks […]
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Easter Sunday Charitable Giving Conversation

Date: April 12, 2020
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Today we celebrated Easter Sunday Online--First through Zoom with our family and then through Live Stream for services. It got me thinking as I sat safer-inside on this gorgeous day about how the new tax code impacted giving (yes, I'm a tax nerd). According to the Lilly School of Philanthropy charitable giving has fallen to […]
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Money Lies Partners Commit.

Date: April 11, 2020
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41% of Gen Xers and 29% of Baby Boomers say they ended their marriage due to disagreements about money per a TD Ameritrade study. (Yet the irony is that after divorce, the fighting individuals are shown to be in even worse financial circumstances than before the divorce per other studies.) According to Cashlorette, 60% say […]
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Free Tax Prep?? Warning...you get what you pay for...

Date: April 9, 2020
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While this may seem like a self-serving post.  It isn't. Believe me, we don't make our living off of doing "EZ"s, students and seniors.  However, in the past couple of week several of those same demographic groups came to be in front of me.  In the case of the EZ, with a few short questions, […]
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New Unemployment Benefits for Gig Workers and those with Schedules with Reduced hours---Wait a bit....

Date: April 8, 2020
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The government announced new and improved unemployment benefit for those in the gig economy and those whose hours were reduced. However, the details between the states taking the unemployment requests and the federal government have not quite been worked out. Additionally, the programming it takes to input the new criteria into the online software will […]
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