Koala Financial and Bonita Tax Service

As we at Koala Financial being the new tax season, here's a love song for the IRS.

Attorney John Altomare began leasing an office within our suite as of mid-December 2020. His practice focuses on estate planning and business law (entity formation, contracts, sales and acquisitions of businesses). We welcome this good fit addition of the Law Firm of John Altomare to our office suite.

Motley Fool: Millions of Americans Could Be in for a Tax Shock. Here's Why. https://www.fool.com//millions-of-americans-could-be-in-f/

https://www.usatoday.com//irs-unprocessed-tax-r/115097926/

The Koala Financial team hanging out on a helipad. #downtownsandiego #emeraldplaza #coronadobridge #sandiegoharbor #brotmanlaw

The CARES Act allows individuals and families adversely affected by COVID to withdraw funds from employer retirement plans and IRAs without early-withdrawal penalties, and to pay taxes on the distributions (up to $100K) over a three-year period. If your income is significantly down this year, this may be an excellent opportunity to take $ out of your plans, pay taxes at a lower rate, and avoid penalties for early distribution (before age 59 and 1/2).

14 million taxpayers are about to get an extra check from the IRS. Here's how to tell if you will. https://grow.acorns.com/tax-refund-interest-checks/

Since all the gyms are closed, we turned part of our office into a gym. This is the latest addition to Koala Financial's workout gear.