Best Certified Public Accountants in Pasadena, CA

I have had my office in Pasadena since moving here from Century City in 1996. I prepare income taxes for individuals and business, as well as represent my clients before the IRS. I specialize in small business and individual income tax returns and business consulting.

No, the Third Economic Impact Payment is not includible in your gross income. Therefore, you will not include the third payment in your taxable income on your 2021 Federal income tax return or pay income tax on the third payment. It will not reduce your refund or increase the amount you owe when you file your 2021 Federal income tax return in 2022.

We accept a limited number of new clients every year. We are a good match for clients looking for a long-term , personal and professional relationship.

Effective in 2023 thirty party processors like PayPal and Venmo will be required to file from 1099K with the IRS reporting payments received by taxpayers who receive more than $600 for products and services, in total, for the year. What this means to you is that if you are selling products or providing services you will need to file Schedule C reporting your business income and expenses. I recommend that my clients have separate accounts for their personal and business accounts. While you are responsible for business receipts, you are not required to report transfers between family and friends on a personal account