The California Franchise Tax Board (FTB)is  reminding taxpayers that April 15 is the deadline for most Californians to file and pay their 2023 taxes to avoid penalties.  FTB provided guidance on tax relief related to natural disasters, claiming tax credits, filing a tax return for free, and avoiding scams and tax payments.  “With Tax Day less than a week away, ...

Homeowners impacted by the odors coming from Chiquita Canyon Landfill are one step closer to tax relief after a motion by the L.A. County Board of Supervisors. The motion put forth by Supervisor Kathryn Barger, aimed at initiating tax relief for homeowners affected by odors from the Chiquita Canyon Landfill in Val Verde, Live Oak, and Hasley Hills, received unanimous ...

The Los Angeles County Assessor has selected Santa Clarita as the site of the next tax resource fair, offering residents a chance to get the latest on tax savings. Los Angeles County Assessor Jeff Prang is set to host the next in-person Homeowners’ Resource Fair in Santa Clarita, where residents will get the latest information on vital Assessor’s Office and ...

Author: Mark Guirguis, CPA, CMA Vice President, Guirguis & Gibbs Inc. As we approach the conclusion of 2023, businesses, whether fledgling or well-established, will face a new mandate—the Corporate Transparency Act of 2021. This act necessitates compliance with updated beneficial ownership information reporting, to be phased in over 2024 and 2025. Entities subject to this requirement must report specific details ...

Author: Mark Guirguis, CPA, CMA, Registered Representative   Vice President, Guirguis & Gibbs Inc.   Taking control of your financial destiny represents a profound leap forward, and securing the  right partner to steer you through this journey is of utmost importance. Guirguis & Gibbs,  Inc. understands the significance of this choice and is unwavering in its commitment to offer  exceptional service for ...

In December 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law, aiming to reshape the tax code and bolster economic growth. As 2025 approaches, the focus shifts to the TCJA’s expiring provisions, sparking concerns about their future impact on individuals, businesses, and the economy.

The IRS has extended Tax Day in California to October for those who were affected by disasters  The IRS is reminding people that the first quarter of the extended Tax Day on April 18 is around the corner.   While taxes are due this Tuesday, residents of California who have been affected by the winter storms and wildfires can request an ...

As a principal source of government income, state governments in the US impose property taxes on homeowners. There are different counties across New York State having noticeable differences in tax rates from the state average. To lower the tax assessment, residents of individual areas must prove their property is worth less than its effective market value. 5 Counties in NYS ...

The College of the Canyons Volunteer Income Tax Assistance (VITA) program is set to offer free tax preparation services to people who made less than $60,000 in 2022, persons with disabilities and limited English-speaking skills.  The VITA volunteer program is sponsored by the IRS and designed to help low to moderate-income households. COC business accounting students who are certified with ...

Although California residents and businesses affected by severe winter storms have until Oct. 16 to file their federal taxes, local experts advise that filing early is better to avoid potential issues this tax season. The IRS announced on Feb. 24 that taxpayers living in any area designated by the Federal Emergency Management Agency (FEMA) in California, Alabama and Georgia automatically ...