IRS has a new $600 Form 1099 Reporting requirements for Third Party Network transactions ie Venmo, CashApp, zelle, apple pay, Paypal. This is for “sales of goods and services”, this is not for payments to reimburse friends and family. American Rescue Plan Act of 2021 No new tax law, this will just now make the IRS aware that you have this income, so if it does not end up on your return, the IRS will be asking for it. https://youtu.be/uYyUhvvL0ckhttps://eataxresolutions.com/   01/06/2022

This is an important one here, a lot of current and to be business owners need to hear. There is a big misconception about LLC and the way they "save" you on taxes. Be sure to check this one out. https://www.youtube.com/watch?v=8sipfVVF-EI   https://eataxresolutions.com/   #LLC #tax #taxes #businessowners 01/03/2022

On December 16, 2021, California Association of Realtors (C.A.R) reported homes values gained 2.7% to the price of $1,150,000 in November of 2021 from price of $1,120,000 in October of 2021, and jumped 23.7% from price of $630,000 in November of 2020 in California. While, homes sales decreased 7.7% in November of 2021 from October of 2021, and fell 12.7% from in November of 2020 in Orange County, California.There were 1.3 months supplies of available inventory of homes in November of 2021, lower from 1.5 months in October of 2021, and dropped from 2.0 months in November of 2020 in Orange County, California.An average it took 8.0 days to sell a home in November 2021, down from 9.0 days in October of 2021, and declined from 10.0 days in November of 2020 in Orange County, California.For co... 12/29/2021

Run through an example where the taxpayer forgot to include stocks on his return, and the IRS gave him a fun notice.  I go A-Z on how to respond to these things properly to pay the correct amount, in this case $15k less.  https://www.youtube.com/watch?v=1MXWOHExTT0   https://eataxresolutions.com/   #tax #IRS #CP2000 #turbotax 12/16/2021

IRS Proposed amounts are scary, but there are ways to reduce those and here are the issues that have that as a possibility.  Check it out!  https://youtu.be/vFHNGfVDvUI   #IRS #CP2000 #Notice 12/09/2021

On October 18, 2021, California Association of Realtors (C.A.R) reported homes values unchanged 0.0% to the price of $1,100,000 in September of 2021 from price of $1,100,000 in August of 2021, but jumped 20.2% from price of $915,000 in September of 2020 in Orange County, California. While, homes sales decreased 4.9% in September of 2021 from August of 2021, and lower 14.4% from in September of 2020 in Orange County, California.There were 1.5 months supplies of available inventory of homes in September of 2021, up from 1.6 months in August of 2021, but down from 2.2 months in September of 2020 in Orange County, California. An average it took 8.0 days to sell a home in September 2021, same as 8.0 days in August of 2021, but declined from 10.0 days in September of 2020 in Orange County, Ca... 10/25/2021

When buying a home, particularly if you're a first-time buyer, the home loan process can seem daunting. There are many things to consider, and if you haven't got previous experience, it could get confusing.We help you answer some of the most common mortgage questions.How Much Down Payment Will You Need?While it was traditionally a requirement to have a 20% down payment, that is no longer the case. In fact, if you qualify for the VA loans or USDA loans programs, you could buy a house with zero down. It is a good idea to save money for a downpayment regardless of how much you are putting down.FHA mortgage loans allow you to buy with only a 3.5% down payment, and even some conventional loans have a minimum of 3% down. However, there are some advantages to finding a larger down payment, lik... 10/07/2021

On September 16, 2021, California Association of Realtors (C.A.R) reported that homes values gained 0.9% to the price of $1,100,000 in August of 2021 from price of $1,090,000 in July of 2021, and rose 18.3% from price of $615,000 in August of 2020 in  County, California. While, homes sales declined 3.4% in August of 2021 from July of 2021, and down 5.6% from August of 2010 in  County, California.There were 1.6 months supplies of available inventory of homes in July of 2021, lower from 1.7 months in July of 2021, and decreased from 2.4 months in August of 2020 in  County, California.An average it took 8.0 days to sell a home in August 2021, up from 7.0 days in July of 2021, but dropped from 12.0 days in August of 2020 in  County, California.For complete more detailed information about th... 09/25/2021

If your employer offers the Dependent Care FSA and you are paying for daycare, take advantage! Check out this video to learn why, and how this works.  https://youtu.be/2PnvgRfQrks   Eataxresolutions.com   Anthony Fontana CPA 800-245-0596   #FSA #DependentCare #Tax 09/18/2021

We see many homeowners waste time trying to sell their houses. Some homeowners fail to sell their houses because they do not have the experience and the know-how.If you want to sell your house for fast cash, call We Buy Houses. We will give you an offer. If you accept our offer, we will pay cash for your house in a few days. How Can I Sell My House Quickly? We want to help you sell your house quickly. Firstly, use a qualified realtor. Realtors can sell your house quickly because they have the experience.We know reputable realtors have a good relationship with a lot of buyers. So, your realtor will sell your house quickly to one of these buyers. Secondly, you can use the internet to sell your house for fast cash. Some people are searching for a vacant house.And several online real estate... 09/15/2021

Ever wondered about the differences between the FSA or HSA? Well, check out the video to decide! https://youtu.be/X0zUj7w0Phg  #FSA #HSA #HSAvsFSA eataxresolutions.com Anthony Fontana CPA800-245-0596 09/06/2021

In this video, I explain what needs to be done if you owe back taxes. Check it out!https://www.youtube.com/watch?v=i33fOD58wnM&t=12s https://eataxresolutions.com/ Anthony Fontana CPA800-245-0596    08/30/2021

On August 16, 2021, California Association of Realtors (C.A.R) reported that homes values declined 4.2% to the price of $1,090,000 in July of 2021 from price of $1,138,000 in June of 2021, but rose 23.9% from price of $880,000 in July of 2020 in Orange County, California. While, homes sales fell 12.9% in July of 2021 from June of 2021, but up 1.1% from July of 2020 in Orange County, California.There were 1.7 months supplies of available inventory of homes in July of 2021, higher from 1.5 months in June of 2021, but decreased from 2.5 months in July of 2020 in Orange County, California.An average it took 7.0 days to sell a home in July 2021, unchanged from 7.0 days in June of 2021, but dropped from 16.0 days in July of 2020 in Orange County, California.For complete more detailed informat... 08/27/2021

In this video I will be explaining how to fill out the updated IRS form 656 for 2021. We will be going line by line through the form, to be sure you understand how to fill this out. The IRS form 656 is used to file an IRS offer in compromise. It’s the contract that lays out the terms of the tax settlement.https://youtu.be/DHbfhlul-vE Anthony Fontana CPA800-245-0596eataxresolutions.com #tax #IRS #offerincompromise  08/20/2021

If you are looking to settle you taxes with the IRS, then most likely you will need to fill out the IRS Form 433-A OIC. This video is a step by step guide on how to fill it out.  https://youtu.be/hy8c-iA9AD4   eataxresolutions.com   Anthony Fontana CPA 800-245-0596   #irsofferincompromise #IRS #Tax 08/12/2021

A popular description of Laguna Beach in coastal Orange County, California, is as follows:Seven miles of secluded coves and beautiful valleys surround the finest coastal resort in Southern California, Laguna Beach. All year round, we are a haven for art enthusiasts, outdoor explorers, beachgoers and romantics.Laguna Beach is home to a renowned artist colony, which is considered "one of Orange County's hidden jewels." Visitors may discover sea caves, tidal pools, ocean side bluffs, natural tide pools, and sandy beaches within municipal boundaries. It also boasts "the most oceanfront accommodation in the country." More than 20,000 acres of protected wilderness surround the city, making it an ideal place for adventurous exploration. We have world-class mountain bike routes for all skill le... 08/10/2021

The infamous IRS form W9. Well, here's how to fill it out. https://youtu.be/Dro10zR5-sQ #W9 #IRS #tax eataxresolutions.com Anthony Fontana CPA800-245-0596 08/10/2021

Newport Beach, located in Orange County, California, is typically described with outstanding and excessive hyperbole. . . . Learn about the refined appeal of Newport Beach, California. Once you've had a taste of the perfect life, you'll go back for more. Our activities range from sunset cruises and surf instruction to wine tastings and harborfront promenades. . . Newport Beach is made up of ten different communities, each with its own personality, natural beauty, and tale to tell. “Paradise is what we call it.”It sounds too wonderful to be true, doesn't it? See whether that is the case. . . Is it true or is it not true? Overview of Newport BeachOrange County's Newport Beach is known for its surfing, beautiful beaches, and recreational harbor. It is located nine miles southwest of Irvine... 08/10/2021

The Lowdown on Closing Costs for Beachfront Properties in Orange County, CA Closing fees for oceanfront homes in Orange County, California, are an expected but sometimes neglected element of the real estate arrangement.  But, in order to know how much you'll have to spend, you'll need to incorporate these charges into your calculations - on top of the down payment and other apparent upfront expenditures.The good news is that they aren't always irreversible. Closing expenses are generally determined by the property's location, the businesses utilized, and, of course, the property's selling price. Furthermore, certain parts of the costs are negotiable. Whether you're a buyer or a seller, you should be aware of the fees associated with closing; otherwise, you may end yourself spending cons... 08/05/2021

In this video we discuss the #1 reason why most IRS Offer in Compromises get reject. We go through the section of the IRS Form 433-A OIC where the misunderstanding is that causes the rejections. Hope it helps! https://www.youtube.com/watch?v=_DTcLgfc8XE eataxresolutions.com Anthony Fontana CPA800-245-0596 08/04/2021