Crown Companies

Clean up your credit before you begin the process of buying a home! Hold off on opening any new accounts, refrain from large purchases, and keep your finances in order throughout the home buying process.

The Internal Revenue Service recently issued the 2021 optional standard cents-per-mile rates for business, medical and moving purposes. However, you may find it in your best interest to keep track of actual expenses for 2021.

Be sure to consider down payment costs when finalizing your mortgage! Always have some extra cash for a down payment, whether it be 5% or 20%. Talk to us about down payments and what options are available today! http://www.crowncompaniesla.com/

Here's your tax fact of the week from your friends at Crown Income Tax Services.

Crown Income Tax Services has the motivation you need to get going this Monday.

Did you know? Your mortgage lender may run a second credit report just prior to closing. Red flags that appear in this credit report can disqualify you for the mortgage loan. Click here to learn more!

Mortgage jargon can get confusing. Whether you're looking at the words escrow, DTI, or loan estimate, it's crucial to know the mortgage key terms! Click here to learn more: https://www.bankrate.com/mortgages/key-mortgage-terms/

A frequent question is whether inherited assets are taxable. Generally, they are not until they are sold, and then only to the extent that the sales price exceeds the fair market value of the asset at the time of the decedent's death. There are exceptions to this rule, such as traditional IRAs and other deferred untaxed income of the decedent.

The housing market, much like the stock market, can be unpredictable. It's best to buy when it's the right time for you instead of trying to time the market for favorable conditions!

It matters how you get there. Wednesday Wisdom from Crown Income Tax Services

An individual must have compensation in order to contribute to an IRA, unless the individual is a non-working or low-earning spouse who is allowed to contribute to his or her own IRA based upon the compensation of the working spouse.

Looking for a sign? Here's your Monday Motivation from Torrance based Crown Income Tax Services

According to the National Association of Realtors, 88% of home buyers take out a mortgage! Contact us today to help determine what the best option is for you:

Having a good relationship with your mortgage lender is a huge plus during the process! The friendly team at Crown Companies is here to help with any questions or concerns you may have.

First, there was the usual April 15th deadline. Then, there was July 15th. If you filed for an extension, your deadline was October 15th - and now that date has come and gone. What happens now if you missed it?

End of week tax fact from Crown Income Tax Services

Operating a SMB is hard work - and it's vital to know the financial health of your business at any time. Whether you're assembling your financial reports yourself or have hired professional help (like us), here are 12 metrics that can help you monitor your success.

To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 has given rise to more than the usual tax-planning opportunities. Thus, you may find it appropriate to schedule a tax-planning appointment well before the close of the year to take advantage of the tax benefits and strategies available for 2020.