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The Earned Income Tax Credit and How the IRS Preserves its Integrity

In 2019, 25 million eligible workers and families received about $63 billion in Earned Income Tax Credit (EITC) payments, a federal tax credit offered to provide hardworking American workers and families with financial assistance.? While the EITC has recently come to the forefront, the EITC program has been benefitting low-...

W-2?s and Guidance on Reporting Qualified Sick Leave Wages and Qualified Family Leave Wages Paid Pursuant to the Families First Coronavirus Response Act

As your business begins the process of filing a Form W-2 for each employee, it?s important to remember that the IRS requires employers to report the amount of qualified sick leave wages and qualified family leave wages paid to employees under the Families First Coronavirus Response Act, P.L. 116-127, on...

Experienced San Diego Tax Attorney for Domestic and International Companies

San Diego is uniquely positioned for a local, regional, national or multi-national business or corporation.  Janathan Allen is an experienced San Diego tax attorney for domestic and international companies.  With decades of experience, Ms. Allen advises LLCs, S Corporations, Professional Corporations and C Corporations and those with multiple corporate entities...

Tax Preparation for S Corporation Shareholders

Tax preparation for S Corporation shareholders is quite complicated.  While there are substantial advantages for many owners or shareholders of an S Corporation there are also substantial risks which can lead to an IRS audit.  Corporations which elect subchapter S tax status allow income to pass through to the shareholders...