RSIS CPAs

We are a San Diego CPA firm specializing in tax compliance and tax planning for individuals and small businesses.

[RSIS CPAs @RSIS_CPAs]

It is predicted that 30 million taxpayers will see an increase in their tax bills, including retirees. If you are receiving income or IRA benefits, make sure to plan so that you can manage your tax bill and avoid any penalties. More info: https://t.co/aphLjP8EFW

[RSIS CPAs @RSIS_CPAs]

New legislation proposed for Tax Reform 2.0 includes: removing the age limitation on IRA contributions, allowing people to access retirement funds fee free for a new child, and creating a New Universal Savings Account that may be used for about anything.
https://t.co/ubY6oI59hN

[RSIS CPAs @RSIS_CPAs]

A statewide excise tax on sugary beverages of 2 cents-per-ounce has been proposed. Even though the soda companies fought, won, and prevented local excise taxes until 2031, the state does not apply. Read more about the proposal here: https://t.co/SggoWMehTV

[RSIS CPAs @RSIS_CPAs]

The Offshore Voluntary Disclosure Initiative is closing September 28th, so make sure to take advantage of the program if you have not been reporting your foreign assets! For more details, read: https://t.co/OWRSLJlH46

[RSIS CPAs @RSIS_CPAs]

Contributing to your IRA account could result in huge savings, but only 30% of Americans take advantage of this tax break. Do not miss out on this opportunity to save on your taxes and invest in your future!
https://t.co/aESF2WlSjB

[RSIS CPAs @RSIS_CPAs]

The tariffs on imported metals are going to impact the housing market, especially in cities like New York. The costs of the steel used in buildings has risen by about 15%, and that will eventually trickle down to the buyers/renters. Read more here: https://t.co/uqyZdgliI8

[RSIS CPAs @RSIS_CPAs]

As a result of the tax reform, some people living in high tax states are coming up with ways to reduce their tax bill. Some are even moving to lower tax states, and others are changing other aspects of their homes to cut costs. Read more here: https://t.co/PkWes7m89C

[RSIS CPAs @RSIS_CPAs]

The IRS recently proposed rules for taxing charitable contributions. Contributions will not be deductible on federal returns if one received a state or local tax credit. Contributions resulting in state or local deductions may also be federally deductible.
https://t.co/v42j6wK4jo

[RSIS CPAs @RSIS_CPAs]

Volatility in the stock market can make people very nervous and have feelings of regret. However, in the long run, volatility can lead to great returns. Read more about the positive aspects of market volatility here: https://t.co/WPnmh5jGl9

[RSIS CPAs @RSIS_CPAs]

If you are planning on selling stocks and are wondering how the tax reform will change how you will be taxed, this article is a good read. There are many factors that go into these taxes, so speak with your accountant if you need further clarification.
https://t.co/u0XckRKkS7

[RSIS CPAs @RSIS_CPAs]

If you receive an IDR from the IRS, it is wise to comply even though it is not legally required. IDRs are followed by summons and litigation. Unless you have legal standing to withhold the information, it is best to respond to the initial IDR. Read here:
https://t.co/3KebkRA7sg

[RSIS CPAs @RSIS_CPAs]

There are many ways in which scammers try to obtain personal information, and many of these scams prey upon people looking for social security or medicare services. Read this article for more info on what to look for and how to protect yourself:
https://t.co/lVczGnwU8W

[RSIS CPAs @RSIS_CPAs]

It is a common misconception that the student loan deduction has been eliminated. However, you may still deduct student loan interest, just on a different page of your tax return. Read here for more info: https://t.co/ZGv1cDYQh5

[RSIS CPAs @RSIS_CPAs]

On average, teachers spend an unreimbursed $480 on school supplies, for which they are only given a $250 tax deduction. As a result, the Center for American Progress has proposed creating a tax credit for teachers. Read more here:
https://t.co/RQXI8LGU1q

[RSIS CPAs @RSIS_CPAs]

In order to obtain the 20% deduction, some business owners changed their business structures into qualifying business types. Hold off on making any changes though, the IRS is issuing new rules and regulations that prohibit these tactics. Read more here:
https://t.co/FtR8uQVv3t

[RSIS CPAs @RSIS_CPAs]

If you are considering taking your retirement benefits early or have been retired and are thinking about going back to work, it is important to know how your benefits will be impacted. Read here for more info: https://t.co/1O970kIlD8

[RSIS CPAs @RSIS_CPAs]

If you are retiring, you may want to consider switching your traditional IRA or 401(k) account to a Roth IRA. Depending on your circumstances, you can obtain a great tax benefit. Read more here: https://t.co/C2IIhZAwIP

[RSIS CPAs @RSIS_CPAs]

Many people do not realize that they can be taxed on their social security benefits. If you are looking for the best time to claim your benefits in order to maximize your income, you may want to delay receiving your social security benefits. Read more here
https://t.co/Imtoqqz2j0

[RSIS CPAs @RSIS_CPAs]

Did you know that some child care services are tax deductible? Make sure to keep track of any day camps or day cares your kids went to this summer as you could receive a tax break. Here are some tips on how you can receive these tax breaks:
https://t.co/kerzRHfhve

[RSIS CPAs @RSIS_CPAs]

The way legal fees and court winnings will be taxed has changed in 2018. Now, only compensatory damages for physical injuries are tax free. Read more here about the various new ways one can be taxed from legal proceedings.
https://t.co/6mTeMh44Em