Heated debate ahead on tax reform proposals
President Obama recently said that he wants a tax reform/deficit
reduction package by August and lawmakers have many proposals to
consider. The President has introduced a $3.77 trillion budget for
...
Using your 2012 tax-year return to plan for the future
Did you owe tax on your 2012 tax return? Did you receive a sizeable
refund? Or, conversely, did you receive a smaller refund than you
expected? If so, take another look at your tax return from this...
The new 3.8 percent net investment tax continues to challenge
Questions over the operation of the new 3.8 percent Medicare tax on
net investment income (the NII Tax) continue to be placed on the
IRS's doorstep as it tries to better explain the operation of th...
How do I? Compute the small business health insurance credit
Under the Patient Protection and Affordable Care Act (PPACA), small
employers can claim a credit for providing health insurance for
employees and their families. Health insurance includes not only
...
FAQ: What is "cost of goods sold"?
A business that manufactures products to be sold, or purchases
products for resale, must value its product inventory at the
beginning and the end of each tax year to determine the cost of
goods sol...
May 2013 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for individu...
FAQ: What is a Spousal IRA?
If you file a joint return and your taxable income is less than
that of your spouse, the "spousal" IRA rules may allow you to
contribute up to $5,000 in 2009 (or $6,000 if you are 50 or older)
to a...
Estate planning tool: Qualified Personal Residence Trusts
In many parts of the country, residential property has seen steady
and strong appreciation for some time now. In an estate planning
context, however, increasing property values could mean a potent...
FAQ...Must I file a joint return if I'm married?
Just because you're married doesn't mean you have to file a joint
return. This is a common misconception along with thinking that
"married filing separately" applies to couples who are separated or
se...
How do I?…Set up a SEP
As a business owner you have likely heard about the tax advantages
of setting up a retirement plan for you and your employees. Many
small business owners, however, have also heard some of the horr...
FAQ….Can a married couple own a sole proprietorship?
Q. My husband and I are thinking of starting a business. Can we
operate it as a sole proprietorship? A. No. When two or more people
own a business and share in the profits, they are partn...
Don't forget tax consequences when refinancing your home mortgage
Although taxes may take a back seat to the basic issue of whether
refinancing saves enough money to be worthwhile, you should be
aware of the basic tax rules that come into play. Sometimes, you
ca...
How do I?… Compute penalty-free early retirement withdrawals
If you want to withdraw funds from either your company retirement
plan or your individual retirement account, there is a 10%
additional tax (penalty) if you make withdrawals before the age of
59 &f...
FAQ: How do I correct unreported income?
I sold a small piece of property two years ago. Going through my
records recently I realized that the gain on that sale was never
reported on my tax return. What should I do now?...
How do I...report interest on U.S. savings bonds?
U.S. Savings Bonds can be a relatively risk-free investment during
time of upheaval in the stock market, such as we are experiencing
now. There are two different types of savings bonds for tax purp...
FAQ: What is a pre-tax benefit?
Most pre-tax benefits are ones that an employee elects to pay for
by using a portion of his or her compensation that would have
otherwise been taxed as salary. Other pre-tax benefits are paid by
y...
Making gifts to minors: How generosity can help ease your tax bill
Making gifts is a useful, and often overlooked, tax strategy.
However, when thinking about whether to make a gift, or gifts, to
your children or other minors, the tax consequences must be
evaluated...
FAQ: How much of a reprieve is filing for an extension?
Q: An extension to file my tax return seems such a painless
procedure, is there any good reason for me not to postpone my
filing deadline to avoid just one more hassle during the b...
FAQ: The "nanny - housekeeper" tax
Q. My husband and I have a housekeeper come in to clean once a
week; and someone watches our children for about 10 hours over the
course of each week to free up our time for chores...
Client FAQ: Basis of personal residence
Q. Since our children are grown and now out on their own, my
husband and I are considering selling our large home and purchasing
a small townhouse. We have owned ...
Donor-advised charitable funds: A new trend in charitable giving
A number of charities use the Internet to solicit funds, allowing
potential donors to make contributions online. You can even create
an account in a special type of planned giving instrument: a don...
Client FAQ: Calculating gains from stock sales
Q. I am reviewing my portfolio and considering selling some of my
stock. How do I determine what tax basis I have in the
publicly-traded shares that I own for purp...
Cafeteria plans can stretch your benefit dollars
An attractive benefit package is crucial to attract and retain
talented workers. However, the expense of such packages can be
cost-prohibitive to a small business. Establishing a tax-advantaged
caf...
Managing your business' cash flow
While one of the most important keys to financial success of any
business is its ability to properly manage its cash flow, few
businesses devote adequate attention to this process. By
continually ...
Writing off a home computer used for business
If you use your home computer for business purposes, knowing that
you can deduct some or all of its costs can help ease the pain of
the large initial and ongoing cash outlays. However, there are...
Using like-kind exchanges in your business
If you are considering selling business property that has
substantially appreciated in value, you owe it to your business to
explore the possibility of a like-kind exchange. Done properly, a
like-k...
Bookkeeping 101: Getting started
Starting your own small business can be hectic - yet fun and
personally fulfilling. As you work towards opening the doors, don't
let the onerous task of keeping the books rain on your parade. With
...
Business travel update: Plan ahead to maximize deductions
Business travel expenses are not created equal - some special rules
apply to certain types of expenditures. Before you pack your bags
for your next business trip, make sure that you have planned ah...
Client FAQ: Wash sales
Q. A large portion of my portfolio is invested in Internet stocks
and with the recent ma...
Tax treatment of costs of starting a new business
As a new business owner, you probably expect to incur many expenses
before you even open the doors. What you might not know is how
these starting up costs are handled for tax purposes. A little
kno...
Should you buy or lease your next vehicle?
Probably one of the more difficult decisions you will have to make
as a consumer is whether to buy or lease your auto. Knowing the
advantages and disadvantages of buying vs. leasing a new car or
t...
Newsletters
Tax Audit Protection for Small Businesses and Individuals
IRS tax audits are triggered by errors, omissions, complex transactions and random selection. It often takes a CPA, tax attorney to resolve an audit or tax inquiry. Quiroz and Company offers tax representation services that reduce the financial burden and emotional stress of a tax audit and inquiries from the IRS or state tax authorities.
If you are audited or receive inquiry letters, our CPA Tax Representatives will represent you and defend your tax return. We will communicate on your behalf with IRS auditors and collection agents of the IRS. We help you to resolve your IRS problems professionally and directly.
To learn more please leave us a message on our guestbook/message or call us at 415-986-3340.
E-File Online - Self-Prepared Returns
Do it Yourself Online and SavePrepare and e-file your federal and state tax returns online with our easy-to-use tax program. File your tax information conveniently and securely from your personal computer. Deduct the cost of your return from your IRS refund or pay by credit card only when you're ready to e-file.
Click to Start
Self-Prepared Tax Returns with Optional Audit Protection
Professional Tax Preparation
CPA Prepared and Assisted Tax Returns:
Federal and State Tax Return - CPA prepared returns wtih electronic filing of federal and state tax forms. Online Tax Consultation with tax advisor.
Web Conference with CPA - CPA advisor conference for clients using Go To Meeting, view and discuss tax documents and reportss, securely and conveniently online.
Click to Start CPA Prepared and Assisted Tax Returns
For more information, Client Codes and Password Administration please call 415-986-3340.
Privacy and Security
A statement about your privacy. We wish our clients to know that some tax firms and accounting firms send confidential tax and accounting information offshore for processing (outsourced) without your knowledge or consent. At Quiroz & Company LLP all work is done by our staff in San Francisco, California. All client data is kept in our offices and on secure servers located in the USA.
Submit your Data Online
Some clients may wish to submit their tax data online. To do this just click the logo below to be redirected to your organizer. Enter your Client Codes and Password to access your organizer.
