Jesus Silva, Jr., EA

Tax professionals knew this was coming, now is official. And the list will continue to grow. It's to make it easier for Americans not harder. ... https://www.washingtonpost.com//bailout-checks-social-sec/

March 30, 2020 Dear Client, The Coronavirus has infected our life in many ways. Family and friends are sick, quarantined or under a stay-in-place order. The stock market has crashed. The kids are out of school. Restaurants and shopping malls are closed. More than three million unemployment claims were filed in one week. Enough of the cable news . . . If you are laid off or you have closed your business, you know the details....Continue reading

IRS Newswire: IR-2020-59 IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs WASHINGTON To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions....Continue reading

Not all states have followed federal suit to extend the filing deadline to July 15th. Please be sure to talk to your tax professional regarding filing deadlines and payment deadlines, as well as payment options. You can also view the AICPA's PDF below. https://www.aicpa.org//downloadabledocuments/coronavirus-s

I value the health of all of my clients and my family. Some of my clients are elderly, or care for elderly family members, or others whose immune systems may be compromised. I am are no longer accepting in-person tax preparation appointments until it is safe to do so.... Instead, all clients may mail in, drop off, or send their tax papers via a portal, and I will schedule a telephone appointment to answer your questions if needed. If warranted, I can also pick up tax documents for clients who do not have access to a computer. This is on a limited basis. If no one in your household is sick, has a fever, or has any flu symptoms, you may pick up your tax return in person, or elect to have me mail you your return. I will file your return electronically after you have acknowledged our engagement and payment is received. Even if healthy, you may choose for me to mail your return, in which case I will call you with the results and to answer any further questions prior to mailing it to you. Please use hand sanitizer as soon as you enter my office. Please do not shake hands. When using the rest room, please wash your hands before and after. Please use hand sanitizer again as you leave my office. While I spray and wipe down surfaces regularly, you may have touched something before it was wiped down. Thank you, Jesus Silva, Jr., EA

California extends provides 60-day filing extension for those affected by the novel coronavirus.

Of you ever receive an IRS Notice CP-2000 for any income you don't recognize call me! This is an example of identity theft and you must act diligently in order to reconcile this issue with the IRS and/or state tax authorities. https://abc7news.com/bay-area-workers-get-tax-statements//

Truck drivers score a major win! https://news.bloomberglaw.com//california-truckers-can-byp

In house support services (IHSS) payments are earned income for the Earned Income Tax Credit (EITC) The US Tax Court has ruled income that a taxpayer excluded from gross income pursuant to IRS Notice 2014-7, which treats qualified Medicaid waiver payments as excludable as foster care payments, IS earned income for the purposes of calculating eligibility under the EITC and Additional Child Tax Credit (ACTC). (Feigh v. Comm. (2019) 152 TC 15)

The Internal Revenue Service came out with approved Enrolled Agent logos. Hmmm https://www.irs.gov/tax-professionals/enrolled-agent-logo Color: https://www.irs.gov/pub/image/ea_color_050118.jpg... B&W: https://www.irs.gov/pub/image/ea_bw_050118.jpg

California Uber and Lyft drivers law may soon classify you as an employee rather than an independent contractor. With the Dynamex decision comes a new qualifying threshold, known at the ABC Test, for determining whether a person is an employee or an independent contractor. See link below for more information. https://www.hrdefenseblog.com//say-goodbye-to-independent/