KC Tax Services

If you file an extension in April to file your income taxes, the deadline is October 15. This extension only exempt you from the filing late penalty. If you owe federal and/or state taxes interest and penalties will be added.

Gracias a nuestra sub-directora del Instituto de Educación Media Carlos Dubon, por permitirme dar esta plática a sus alumnos de la carrera de Perito Contador. Fue un placer hablar con ellos.

Big thanks to the Institute of vocational studies Carlos Dubon vice-principal, for allowing me to speak to her Accounting students. I was trilled to share some useful ideas with them.

And just like that, another tax season is over!! If you filed an extension, we’ll see you in October.

Has Congress passed the 2024 child tax credit?
So, right now, it isn't clear whether an expanded child tax credit will become law before the end of the 2024 tax filing season. (The tax package will need 60 votes to pass the Democratic-led Senate.)

December is the month to wrap up your tax planning for 2022. Maximize your charitable contributions, conversions to Roth IRA and IRA withdrawals to name a few. Call me, text me, or email me for any questions.

Attention California tax payers, be on the lookout for California inflation relief payments from the Franchise Tax Board. See article below.

Half of California inflation relief payments issued: Here’s who is left The state estimates more than $5 billion has been paid out so far.