L&S Tax Services

Congratulations to SCOE’s March 2023 Employees of the Month: Sis Hendrix and Edith West. Thanks for everything you do to support SCOE!
https://www.scoe.net/divisions/administration/communications/eom/2023/0323/

Thanks to the recent severe storms in this area, many California taxpayers have extended deadlines to file and pay taxes this year.

IRS: May 15 tax deadline extended to Oct. 16 for disaster area taxpayers in California, Alabama and Georgia | Internal Revenue Service IR-2023-33, Feb. 24, 2023 — Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. Previously, the deadline had bee...

Got a great gift of appreciation from a client today. Huckleberry Truffles. Not only do I love huckleberries, but it brings back lots of fond childhood memories of picking huckleberries with grandparents and other relatives during our summer vacations in Teton Valley Idaho.

Another IRS Oops. Apparently the IRS in January sent out letters to over 100,000 taxpayers that they would not receive their stimulus payments in error. Here's a link with more details in case you got one of these erroneous letters.

IRS mistakenly tells thousands of Americans they won't receive their stimulus checks The IRS mistakenly told tens of thousands of Americans that the agency was offsetting their stimulus payments because of unpaid federal debt from 14 years ago.

Gotta love technology. Due to a glitch with our email system, many of you today may have received an email asking you to confirm last years appointment. Sorry about the confusion. Our appointment confirmations for this years appointments will be going out shortly.

Daily update! This morning, the Secretary of the Treasury, Steven Mnuchin announced that the filing deadline for federal taxes has been moved to July 15th for this year. Earlier in the week they had announced that payments were being deferred until July 15th and now apparently the returns due on April 15th are now due 3 months later
So, what does this mean for our office? As of now, we remain open and are continuing to meet with clients to meet their tax filing obligations. We again encourage anyone in a high risk group to consider getting us your tax information remotely instead of an in person meeting. We have a secure portal that can be used for sending files confidentially or we can take care of business by mail, phone or email. We will be here to meet with all of you who have appointments scheduled, but if you prefer to handle your business with us remotely just let us know.
Yesterday, Sacramento County provided a list of what they consider essential services that should remain open and included in that list were professional offices who assist people in meeting their tax or other legal obligations.
Take care everyone and let us know how we can be of service.

Quick Announcement. L & S Tax Services remains open during our normal business hours. For those of you with health concerns about going to public places, we can handle your tax services remotely instead of in person. We can provide services through mail, email, phone, or we have a secure portal that can be used to transfer files confidentially.

As for an update regarding filing and payment deadlines for this years taxes, the Franchise Tax Bpard announced last Friday that the tax filing deadline for California purposes has been extended until June 15th. The due date for payments has been extended until June 15th also with no interest or penalties until that date. For federal purposes, there have been no changes as of yet to the filing deadlines, but they have announced that payments due on April 15th will now not be due until July 15th. There has been a lot of talk that the federal tax filing dates could be extended, but as of now, all returns due on April 15th still need to be filied by that date.

Please let us know if you have any questions or concerns.

L & S Tax Services - Sacramento Tax Preparation | Not exactly tax related, but… Not exactly tax related, but… October 7, 2019/0 Comments/in Uncategorized /by lstaxservices_i8x1k2 The other day, I heard on the news over the radio about a study that shows that roughly one third of all car loans taken out are for 7 years or longer. They were of the opinion that this is a sign of...

Attention California Employers

L & S Tax Services - Sacramento Tax Preparation | Employee vs. Independent Contractor – it’s getting interesting in California Employee vs. Independent Contractor – it’s getting interesting in California September 22, 2019/0 Comments/in Uncategorized /by lstaxservices_i8x1k2 Over the years in my tax practice, one common question that keeps coming up is whether a worker should be treated as an independent contractor or a...

This is my hobby when not doing taxes. I donated a certificate for $250 worth of my services to a silent auction being held at this event. So, if you want a fun evening, you can come enjoy the meal and show and bid on the gift certificate. I'm not sure how much interest there will be for a gift certificate for tax preparation or IRS representation this time of year, so you might be able to enjoy a fun date, and also get my services at a discount.

We are just 3 weeks away from the show! So many great quartets, raffle items, auction items, and most of all great music and friends. Tickets are going fast. Get yours at www.voicesofcalifornia.org look forward to seeing you there!

IRS begins tax clampdown on unreported cryptocurrency profits | ZDNet If you’ve been trading but not declaring, the tax service might be on your case.

L & S Tax Services - Sacramento Tax Preparation | Can the IRS revoke your passport? Can the IRS revoke your passport? August 12, 2019/0 Comments/in Uncategorized /by lstaxservices_i8x1k2 Thanks to the FAST act passed by congress in 2015, the IRS now has another tool to use to collect back taxes by revoking the passports of taxpayers with seriously delinquent tax debt. As of now, se...