Monthly Archives: February 2024

San Diego County Gets Extension Until June 17th

Posted on February 28, 2024 by Russ

Heavy rains and flooding in San Diego caused the area to be declared a federal disaster zone.  The IRS extended all tax deadlines in San Diego County from January 21, 2024 onward until June 17, 2024.  This includes individual, business, … Continue reading →

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A Reminder for Charities and Officers in Charities

Posted on February 15, 2024 by Russ

I live in a swing district in a swing state.  One of the things we dread is election mail.  The primary for state offices is in June, and already we’re receiving flyers.  I’m sure the robocalls are soon to come … Continue reading →

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Do I Really Have to Wait for that $10 K-1 to Arrive?

Posted on February 12, 2024 by Russ

Earlier this week, a client came in for his annual visit (call him John).  John invested in a new investment partnership this year, and he was told by the partnership that the only item on his K-1 will be exactly … Continue reading →

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Online Gambling and Cryptocurrency Addresses for 2024

Posted on February 8, 2024 by Russ

If you have one or more foreign financial accounts and you have $10,000 aggregate in those account(s) at any time during 2023, you must file the Report of Foreign Bank and Financial Accounts (the “FBAR”). This is Form 114 from … Continue reading →

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A Retroactive Tax Bill: What Can Go Wrong?

Posted on February 1, 2024 by Russ

Last night, the House of Representatives passed tax legislation that would increase the Child Tax Credit for 2023, allow businesses to expense research and development expenses, tax relief for wildfires and the train derailment in East Palestine, Ohio, and some … Continue reading →

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