Have you filed your 2019 tax return…? If not, It is not too late to file it to claim valuable tax credits that could apply! Extended filing deadline for 2019 tax refunds postponed to July 17, 2023 Taxpayers generally have three years to file a tax return and claim their tax refunds. Due to the […]
2019 Tax Filing Deadline Extended Read More »
On February 24, 2023, the FTB has reconsidered its position regarding California’s tax treatment of the Employee Retention Credit (ERC) FTB will not require taxpayers to include any portion of the ERC on their California tax return. FTB stated: “Recently, the Franchise Tax Board provided a response to a question regarding the taxability of the
ERC refunds are not taxable income for California Read More »
2023 Clean Vehicle Tax Credit The IRS has issued Notice 2023-1 in response to the new 2023 Clean Vehicle Tax Credit, a provision of the Inflation Reduction Act. Taxpayers may be eligible for a credit of up to $7500 for purchasing and placing a qualifying new plug-in electric vehicle (EV) or fuel cell vehicle (FCV)
2023 Clean Vehicle Tax Credit Read More »
