Get the latest tax and finance news
right in your inbox
Main Office
5490 La Jolla Blvd.
Suite B
La Jolla, CA 92037
858.549.7100
Beverly Hills Office
9465 Wilshire Blvd,
Suite 300
Beverly Hills, CA 90212
310.300.8480
© Encore Partners LLP 2024 – all rights reserved
site design by digitalstoryteller.io
© Encore Partners LLP 2024 – all rights reserved
site design by digitalstoryteller.io
[IRS Tax Tip] Things you do during the summer may affect your tax return next year
/in News, Tax Tips - Individual/by Betty KimIt’s summertime and for many people, summertime means change. Whether it’s a life change or a typical summer event, it could affect incomes taxes. Here are a few summertime activities and tips on how taxpayers should consider them during filing season. Getting marriedNewlyweds should report any name change to the Social Security Administration. They should […]
Can taxpayers who manage their own investment portfolios deduct related expenses?
/in News, Tax Tips - Individual/by Betty KimDo you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs? Under current tax law, these expenses aren’t deductible through 2025 if they’re considered investment expenses for the production of income. But they’re deductible if they’re considered trade or business expenses. For years before 2018, production-of-income […]
Are you a nonworking spouse? You may still be able to contribute to an IRA
/in News, Tax Tips - Individual/by Betty KimMarried couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents. In general, an IRA contribution is allowed only if a taxpayer earns compensation. However, there’s an exception involving a […]