Do you need to be a CPA to do taxes? No, someone does not need to be a CPA to prepare tax returns. Anyone can prepare their own tax return. To be allowed to prepare returns for others, the IRS requires that the person be registered annually, receive a PTIN (Preparer Tax Identification Number), and […]
Category Archives: Tax
The American Rescue Plan Act of 2021 was signed on March 11, 2021 and will impact taxpayers in the 2021 tax year. There are rebates and benefits that may affect every taxpayer, especially in households where qualifying dependents reside. Recovery Rebate and Stimulus Payments Taxpayers who are eligible for the Rebate Recovery Credit may qualify […]
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Mar
Mar
This post is from an interview with ABC News. 2020 has been an interesting year for businesses, while some have grown others have been greatly affected by the pandemic. Today on ABC4 Utah we have a local expert – Ron Valentine joining us from Valentine CPA.Ron tells us that according to statistics he is showing […]
30
Dec
Dec
We all hate gaining weight and paying TAXES!! We can’t help you with the extra lbs. but we can help you feel peace by knowing that you are getting all the tax deductions that are available to you. The United States has the best economy, best legal system, and best business opportunities in the world. […]
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Dec
Dec
This week my Julie asked if any in our household wanted to go with her to look at the Layton City Christmas lights. We go every year, and it gets a bit “old”. This time, she had two rules; (1) no one could go if they were going to be grouchy, and (2) she was […]
04
Aug
Aug
There is a resort in Mexico that we, as a family, like to enjoy. I have fond memories of sitting at the beach with a book and a “Freezie Willy” fruit drink, boogie boarding, shuffle boarding, eating street tacos, trying to surf (that is exhausting exercise), doing yoga classes, catching crabs off a pier, dickering […]
16
Jul
Jul
A few years ago, a client, who, incidentally, is a doctor, plead with me for tax deductions (like there was something magical that I could do). The simple truth is that to get a “tax deduction, you have to spend money”. So, if that is the case, doesn’t it make sense to spend it on […]
02
Feb
Feb
Noncash charitable contributions are a good deduction if taken correctly. Here are 3 Rules to keep in mind. Rule No. 1. The donation must be made to a qualified charity (no, your needy college kids do not count). Rule No. 2. No deduction is allowed for a charitable contribution of clothing or household items unless the clothing […]
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