How To You Choose Right CPA For Your Business ?

How To You Choose Right CPA For Your Business ?

Are you considering changing your CPA or Tax Accountant ?  I am hoping this blog post can help you make a right choice this time. Let’s start with basic, your…

Worked in US. Now in India. How do I file?

Worked in US. Now in India. How do I file?

People come to United States from India for various reasons and for the similar reasons Indians go  back to India.  However, during this transition we often forget to deal with…

Red Flags | Invite For An Audit

Red Flags | Invite For An Audit

One of the common question asked by Tax Payers is “Can I get audited?” or “What can flag my tax return for an audit?”. These questions bug so many tax…

Taxes Due Today | Did you file ?

Taxes Due Today | Did you file ?

Did you file your taxes ? Tax returns are due today.  You must get your tax return and tax payment postmarked by today. Unlike previous years post offices are not…

What You Must Know About 2012 Tax Challenges

What You Must Know About 2012 Tax Challenges

What You Must Know About 2012 Tax Challenges 2012 presidential election summons the close of all tax benefits introduced by George Bush. This would usher in an unavoidable clash because…

How To Your Reduce AGI By $49,500

How To Your Reduce AGI By $49,500

Tax differed Retirement saving plans are huge tax shelter for individuals and small business owners.  You may find it quite obvious nonetheless it is often overlooked.  If you are looking…

How To Deduct Commuting Cost ?

How To Deduct Commuting Cost ?

Have you thought about deducting your commuting expense?  Most of us living in Bay Area drive a long distance to get to work and would love deduct our growing commuting…

Tax Tips For Individuals By Sanjiv Gupta CPA

Tax Tips For Individuals By Sanjiv Gupta CPA

Sanjiv Gupta appears on Channel 27 on Sunday at 10:00 am and offers bay area tax payers some basic tax advise.   You can view his tax segment here on…

IRS Employee Stole Tax Payer Refunds and Filed Fraud Returns

IRS Employee Stole Tax Payer Refunds and Filed Fraud Returns

A former Internal Revenue Service employee in US, Thomas W Richardson of Mansfield, Texas was sentenced to prison for nine years nearly since he was found guilty of identity theft…

Basics of Alternative Minimum Tax Explained

Basics of Alternative Minimum Tax Explained

What is Alternative Minimum Tax? The underlying purpose of alternative minimum tax is to provide protection to individuals who have higher earnings in situations where they might pay little or…