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© Encore Partners LLP 2021 – all rights reserved
site design by digitalstoryteller.io
Year-end tax planning ideas for individuals
/in News, Tax Tips - Individual/by Betty KimNow that the tax filing season is all behind us and your taxes are filed, it’s a good time to start taking steps that may lower your tax bill for this year and next. Team Encore is very grateful for your support during yet another brutally demanding tax busy season. One of the first planning […]
Middle Class Tax Refund Payments for Californians
/in News, Tax Tips - Individual/by Betty KimHappy Friday! Middle Class Tax Refund (MCTR) payments have begun going out to Californian since last Friday. These one-time payments up to $1,050 per household (based on 2020 California “adjusted gross income” on your tax return) aim at providing relief from rising inflation to eligible California residents. An estimated 8 million direct deposits will start […]
An “innocent spouse” may be able to escape tax liability
/in News, Tax Tips - Individual/by Betty KimWhen a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. However, in some cases, a married couple files a joint tax return and one spouse is unaware of all the income or delinquent tax liabilities of the other […]