Wright Ford Young continues to grow the firm with four new hires: Marisa Alvarado, Nicholas Valdez, Collin Sidler, and Cameron Bauer. Marisa and Nicholas are the newest additions to WFY’s Estates & Trusts Department while Collin and Cameron are the newest additions to the Audit Department. WFY is pleased to welcome these new hires to the WFY team. Marisa Alvarado Wright For Young & Co. welcomed Marisa Alvarado as its Estates & Trusts Tax Partner in June. Marisa has over 30 years of experience in public accounting with the last 20 years in High Net Worth Advanced Estate Planning. She has worked
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Posts by Chanelle Bosert
Avoid Scammers: How the IRS Does and Does Not Contact Taxpayers
In order to help taxpayers avoid scams in which criminals impersonate IRS employees, IRS has issued a Fact Sheet in which it sets out the ways that it does and does not contact taxpayers. The IRS has been publishing this sheet for years to help taxpayers protect themselves from scammers and the warning signs. Below are the legitimate ways the IRS employees will contact taxpayers: IRS initiates most contacts with taxpayers through regular mail delivered by the U.S. Postal Service. However, there are special circumstances in which IRS will call or come to a home or business. Even then, taxpayers will
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Newsletter and Updates.
accountants, accounting, audit, cpa, IRS, scammers, tax, tax help, taxation, taxpayers, wfy, and wright ford young.
accountants, accounting, audit, cpa, IRS, scammers, tax, tax help, taxation, taxpayers, wfy, and wright ford young.
MGI Member Kevin Wiest from Wright Ford Young & Co.
video src=’https://www.cpa-wfy.com/vimeo.com/185552732′ format=’16-9′ width=’16’ height=’9′
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Are you Taking Advantage of the New Tax Law Benefits?
Industry News and Newsletter and Updates.
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accountant, accounting, act, benefits, ca, california, certified public accountants, cpa, cpa firm, distributors, law, manufacturers, new tax law, oc, orange county, orange county cpa, southern california, tax, tax changes, tax cut, tax firm, tax law, taxation, taxes, the act, wfy, and wright ford young.
What Is an Offer in Compromise with the IRS?
An offer in compromise can make you happy: “Oh boy, the IRS said yes, and my tax debts are over!” Or it can frustrate you. Let’s go over how to navigate the IRS settlement guidelines and see what an offer in compromise entails. Here’s the good news: An OIC can be a fresh start from your IRS debt. You no longer have to worry that the IRS will seize your wages or bank accounts. Your credit score will no longer show any tax liens against you — the IRS releases them all. IRS collections are put on hold and the
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Industry News and Newsletter and Updates.
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accountant, accounting, bankrupt, compromise, cpa, cpa firm, debt, firm, IRS, oic, tax, taxation, wfy, and wright ford young.
Earn Money from California’s Training Subsidy Program
It’s Free Money, and We Can Help You Get Your Share Do you provide formal training for your employees? Exciting news: The government wants to chip in. Yes, really. In fact, for the past 35 years the State of California has provided over $1.5 billion in training subsidies to California businesses. Smaller companies can receive up to $50,000 per year and larger companies can receive up to $375,000 per year. Never heard of this program? You’re not alone. The funding comes from a tax that every for-profit company in the state pays, the Employment Training Tax. This tax generates over
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Federal Tax Depreciation Guidelines
Individual Tax Law Changes
Newsletter and Updates.
accountants, accounting, assets, bill, changes, contribution, deductible, individual, law, tax, taxation, trump, wfy, and wright ford young.
accountants, accounting, assets, bill, changes, contribution, deductible, individual, law, tax, taxation, trump, wfy, and wright ford young.
How to Co-ordinate Cost Segregation with Like-kind Exchange
The Tax Cuts and Jobs Act (TCJA) was signed by the President on December 22, 2017. The TCJA is the most significant overhaul of Internal Revenue Tax code since the 1986 Tax Act under President Reagan. The Committee Report has over a thousand pages of modifications to many areas of the tax code. One piece of the new legislation (that concern most real estate investors) involves changes to the like-kind exchange rules. When certain conditions are met, no gain or loss is recognized when a taxpayer exchanges property of like-kind (used in a trade or business or for investment purposes).
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Industry News and Newsletter and Updates.
accountants, accounting, cost, exchange, federal, income, law, segregation, state, tax, tax bill, taxation, TCJA, wfy, and wright ford young.
accountants, accounting, cost, exchange, federal, income, law, segregation, state, tax, tax bill, taxation, TCJA, wfy, and wright ford young.
Tax Law Changes Business Chart and Highlights
Newsletter and Updates.
accountants, accounting, business, changes, cpa, deduction, depreciation, individual, inocme, law, passthrough, qualify, tax, taxation, wage, wfy, and wright ford young.
accountants, accounting, business, changes, cpa, deduction, depreciation, individual, inocme, law, passthrough, qualify, tax, taxation, wage, wfy, and wright ford young.