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Are NBA tickets tax deductible?
Tickets to the game aren't BUT the drinks and food that you buy at the game are deductible if the purpose is for business. When I say if...

Harrison Greenberg
Feb 1, 20221 min read


How can I minimize my crypto taxes?
Now that we've covered how crypto taxes work. The big question is, how can I minimize my crypto taxes? Here's a few ways: 1) Hold crypto...

Harrison Greenberg
Jan 24, 20221 min read


How is my crypto taxed?
We're getting questions about taxes and crypto. Let us cover some of the rules. If you sell your position in crypto, you're taxed on the...

Harrison Greenberg
Jan 18, 20221 min read


RRF Funds Are Non Taxable in California!
BIG NEWS ‼️ If you run a bar/restaurant in California and received RRF Funds, please read on..... Yesterday, Gov Newsom signed a bill...

Harrison Greenberg
Jan 11, 20221 min read



Harrison Greenberg
Jan 5, 20220 min read


How can I control my year end business income and expenses?
If you are self employed, or run your business on cash (not accrual) accounting, please read on..... Cash Accounting means that income...

Glenn Greenberg
Dec 20, 20211 min read


Stock Option Exercise
If you are vested in your ISO or NSO option plans, please read on...... Most of you know by now that Alternative Minimum Tax (AMT) may...

Harrison Greenberg
Dec 17, 20211 min read


Capital Gains and Losses (Stock and Mutual Fund Sales)
We're getting lots of questions about the maximum deduction that can be claimed for gains and losses. Let me cover the rules. CAPITAL ...

Harrison Greenberg
Dec 16, 20211 min read


Annual Limits
Key Annual and Lifetime Limits / Exclusions for 2021 401(k) Contribution Limit: $19,500 by employee ($26,500 if 50+) IRA Contribution...

Harrison Greenberg
Dec 14, 20211 min read


Making donations?
Many of you are making year end donations to your favorite charity. Consider donating stock that has appreciated. If you've owned the...

Harrison Greenberg
Dec 10, 20211 min read


Year End Tax Free Gifts to Friends and Family
If you give cash gifts to friends, or to your children or grandchildren, please read on..... You can give up to $15k annually to any...

Glenn Greenberg
Dec 9, 20211 min read


1099 Processing For Independent Contractors
If you run a business and paid independent contractors (IC), please read on...... Any IC paid $600 or more during 2021 needs a 1099...

Harrison Greenberg
Dec 6, 20211 min read


Property Tax Payments On Your Home Due December 10th
If you own a home, please read on...... The first installment for property tax payments in California (and most other states) is due...

Glenn Greenberg
Dec 3, 20211 min read


401k Plan If You're Self Employed Or Run A Small Business
If you are self employed and contribute to a SEP-IRA retirement account , please read on....... $58k is the annual SEP-IRA contribution...

Harrison Greenberg
Nov 30, 20211 min read


Inherited IRA Accounts
If you inherited an IRA and need to take the annual requirement minimum distribution (RMD), please read on.......... When you inherit an...

Harrison Greenberg
Nov 29, 20212 min read


Required Minimum Distributions (RMD): IRA and 401k
If you have a Traditional IRA/401k and are 72 or older, please read on......... Once you reach age 72, you are required to withdraw an...

Harrison Greenberg
Nov 23, 20211 min read


Build Back Better Act (Update on Tax Provisions)
The House passed their version of the Build Back Better Act. Now the bill will be debated by the Senate. If the Senate passes a...

Glenn Greenberg
Nov 23, 20211 min read


Health Insurance Premiums Paid For Your S Corporation
If you operate your business as an S Corporation (or an LLC electing to be taxed as an S Corporation), please read on...................

Glenn Greenberg
Nov 17, 20211 min read


Personal Deductions For State Income Taxes And Property Taxes
If you have a California or Connecticut business set up as an LLC /S Corp, please read on....... You all know by know that an...

Glenn Greenberg
Nov 16, 20211 min read


Employee Tip Reporting For Bars & Restaurants
If you own a restaurant or bar, please read on................. The annual tip reporting form will be due to IRS next February. On...

Glenn Greenberg
Nov 15, 20211 min read
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