February 29th, 2012 by Deepak Sharma

With so many tax rules changes, you may find it very hard to do your taxes online or yourself.  I would like to point out some of the free resources available to help you with your taxes. Let’s start with California Tax Service Center, which has forms and information on important dates, credits & deductions, [...]

February 29th, 2012 by Deepak Sharma

What happens to all the checks that are sent by companies but never deposited?  Can companies keep that money in their bank account and use it for something else.  Answer is No, they can’t. Good news is that there is a law to prevent holders of Unclaimed Property from using your money and taking it [...]

February 28th, 2012 by Deepak Sharma

Dear Sanjiv Gupta I have a question of Roth IRA. I always exceed the income limits to open a roth individual retirement account. However, I was told that I should consider opening a nondeductible IRA and then rolling it over to a Roth IRA. My question is, A.) Is this possible? B.) Can I do [...]

February 18th, 2012 by Deepak Sharma

You can listen to Sanjiv Gupta live on air on 1550 am and 1170 am.  Show is on every week (Monday and Thursday on 1170 AM at 8:30 am and 1550 AM on Wednesday at 8:30 am).    Sanjiv Gupta CPA Tax and Accounting Talk show from Sanjiv Gupta on Vimeo.

February 17th, 2012 by Deepak Sharma

Come the month of January/February and the nation prepares itself for tax sessions. It is time to check that all your financial records are in perfect order. The Certified Public Accountant who will start corporate accounting can call you any time and ask for your spontaneous cooperation if certain papers to prepare the actual audit [...]

February 17th, 2012 by Deepak Sharma

Internal Revenue Service will not compromise while inspecting on pay-roll taxes, tax- advocates confirmed. Many will suffer consequences on having to deter tax payments, Pay roll taxes are federal or central taxes that an employer is entitled to pay or withhold on behalf of his employees. Under its fold the employing organisation has to take [...]

February 16th, 2012 by Deepak Sharma

Sanjiv Gupta talks about the need to file the FBAR on TV.  You can watch him on KTSF 26 (Channel 8).  As usual we will also post the video shows on youtube.  If you have a question about FBAR filing than you can call his office to set up an appointment.    

February 13th, 2012 by Deepak Sharma

Sanjiv answers like Tax Question on KLOK 1170 am radio station in San Francisco Bay Area.   Sanjiv provides Tax and Accounting services for small business owners and consumers.   sanjiv discuss tax issues live on radio from Sanjiv Gupta on Vimeo.

February 12th, 2012 by Deepak Sharma

President Barack Obama is all set to boost the country’s economic pillar; How? Well surprising but yes he lent a patient hearing to the grudges and grievances of over thousand small business entrepreneurs through the columns of Advise the Advisor and Wining the Future Small Business Forum this week.  Several questions poured in. Some directly [...]

February 11th, 2012 by Dolly Sharma

In a recent bulletin, the IRS reminded U.S. citizens and dual citizens of the United States and foreign countries who live abroad about U.S. filing requirements, including Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR). Last year IRS and Tax professional promoted the importance of FBAR requirement.  Nonetheless, many dual-citizen taxpayers [...]