Tax season is in full swing for 2024. It wouldn’t be tax season without some new issue that needs to be reviewed carefully. That would be the Corporate Transparency Act (CTA) – Beneficial Ownership information (BOI). Effective January 1, 2024, the CTA requires reporting companies such as 1120 and 1120-S as well as single member… Read More

IRS 2024 PTIN Renewal The IRS sent a reminder to active tax return preparers that they can now renew their Preparer Tax Identification Numbers (PTIN) to prepare for the upcoming filing season. Current PTINs expire on Dec. 31, and preparers must have a valid PTIN to prepare a federal tax return or claim a refund… Read More

EA Renewal It is now renewal season for enrolled agents with SSNs ending in 7, 8, 9, or those with no SSN. EAs must renew by Jan. 31, 2024, to ensure they receive their new enrollment card before their current enrollment expires on March 31, 2024. For more information on renewal requirements, please visit the… Read More

Savers Credit… Read More

December 2023 Newsletter Practice Management Tax season is over for 2022. If you have not filed 1040 returns you will need to wait until Jan 2024 when the IRS reopens the portal. This year seems to be the year of fake IRS emails. My client received one that claimed she had a refund for 2023… Read More

The year 2023 is almost over and the tax season is finally done for 2022. CSEA held a Education Foundation Meeting by Susie DiMaggio, EA chaired the meeting. This is Louis Avalos serving as the CSEA Board Director for the OC chapter. The Education meeting was held on November 13, 2023. Here are some of… Read More

Update for 2023 Returns… Read More

The year 2023 is moving fast and furious. CSEA held a Bylaws meeting chaired by Joyce Cheng  This is Louis Avalos serving as the CSEA Board Director for the OC chapter.  The CSEA Bylaws meeting was held on October 24, 2023. Here are some of the highlights from the meeting.  Joyce Cheng began the meeting… Read More

CSEA Dual status with NAEA… Read More

WASHINGTON — The Internal Revenue Service today further postponed tax deadlines for most California taxpayers to Nov. 16, 2023. In the wake of last winter’s natural disasters, the normal spring due dates had previously been postponed to Oct. 16. As a result, most individuals and businesses in California will now have until Nov. 16 to… Read More