Tax Prose

Tax Prose Inc. has the motivation you need to get going this Monday.

Learn about taxes from your friends at Long Beach based Tax Prose Inc..

To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, 2020 gives rise to more than the usual tax planning opportunities. Watch this video to learn about these possibilities.

Many people are renting out their homes or vacation homes and are not aware of some special rules that apply to short-term rentals. Some of these rules can be beneficial, while others can be very detrimental.

Wednesday Wisdom from your friends at Tax Prose Inc.

To cope with inflation, the tax code requires the IRS to adjust the tax rates, standard deductions, and a variety of other tax related numbers each year, which they recently released for 2021.

Tax Prose Inc. - Some Monday Motivation for our friends and colleagues.

Your Friday tax fact from Long Beach based Tax Prose Inc..

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.

Some Wednesday Wisdom from your friends at Long Beach based Tax Prose Inc.

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.

Make your Monday great with this motivation from Tax Prose Inc.

$5,020.00 in penalty abatement. Did you know there are many options to resolve tax debts? Don’t let those letters go opened. The longer you wait , the harder it is and you start to lose options . Get me your letter as soon as you get it!