L4 Tax and Accounting Solutions LLC

What are the options for individuals who cannot pay their tax liability by the extended due date? The IRS offers a payment plan, payment can be made by credit card, a retirement plan could be tapped or perhaps the money borrowed from a friend or relative. They all have negative implications.

Do you have investments? Are you a trader? Do you operate a trading business? Each of these classifications have different criteria - and if you are running a trading business, you should be aware of what it means for your taxes.

L4 Tax and Accounting Solutions LLC has the motivation you need to get going this Monday.

Did you just find out that you made a mistake in your tax return? Do not panic. Watch this video for essential points you should know and how to fix your mistake.

Zapier - a software company helping end-users automate the integration of online applications that they use - has grown to a valuation of over $5 billion in just 10 years. They took only $1.3 million in venture capital funding early on, and their customer-centric approach has been key to their success. Learn the full story in this month's entrepreneur spotlight.

Your Saturday #SmallBizStat from Rohnert Park based L4 Tax and Accounting Solutions LLC.

IRS Commissioner Chuck Rettig recently told the Senate Finance Committee that the US may be losing up to $1 trillion a year in evaded taxes - a much larger sum than the 3-year-cumulative amount of $441 billion that the agency had previously estimated.

Some insider tax knowledge from L4 Tax and Accounting Solutions LLC.

Using the installment sale method of receiving and reporting the gain from the sale of a capital asset can spread that gain over multiple years, and possibly avoid the higher capital gains rates as well as avoid or minimize the 3.8% surtax on net investment income.

Some Wednesday Wisdom from your friends at Rohnert Park based L4 Tax and Accounting Solutions LLC

Losses at Bill Hwang's Archegos Capital Management following margin calls left Wall Street in shock at the end of March. Here's what happened.

Stock options are incentives provided to key employees to help grow the value of the employer's stock. When stock options are exercised, non-statutory option gains are treated as wages, while the gain from stock acquired by the exercise of statutory (incentive) options is deferred until the stock is sold, at which time the gain is treated as a capital gain if the shares are held for a required period of time.

The Small Business Administration (SBA) is expanding the COVID-19 Economic Injury Disaster Loan (EIDL) program, giving nonprofits and small businesses the ability to borrow up to $500,000 for up to 24 months.