Bob Berg, Your Clairemont Tax Expert

Berg Taxes

When Should You Seek Professional Tax Assistance?

Not seeking professional tax assistance to discuss current tax-related issues can create problems or cause you to miss out on beneficial options that need to be timely exercised before year-end. Generally, you should call a professional any time you have a substantial change in taxable income or deductions. By doing so, we can advise you about how to optimize your tax liability, avoid or minimize penalties, estimate and pre-pay required taxes, document deductions, and examine and explore tax options. You should call a professional if you or your spouse:

·         Receive a large employee bonus or award

·         Become unemployed

·         Change employment

·         Take an unplanned withdrawal from an IRA or other pension plan

·         Retire or are contemplating retirement

·         Move or otherwise change your address

·         Exercise an employee stock option

·         Have significant stock gains or losses

·         Get married

·         Separate from or divorce your spouse

·         Sell or exchange a property or business

·         Experience the death of a spouse during the year

·         Turn 70½ during the year

·         Increase your family size through birth or adoption of a child

·         Start a business or acquire a rental property

·         Receive a substantial lawsuit settlement or award

·         Get lucky in a casino, lotto, or game show and receive a W-2G

·         Plan to donate property worth $5,000 ($500 if a vehicle) or more to a charity

·         Plan to gift more than $14,000 to any one individual during the year

We here at BergTaxes have been doing taxes in the Clairemont/Kearny Mesa area for over 20 years. We offer free consultations regarding any and all tax matters.

For more information, call (858) 279-1040 or email bobberg@bergtaxes.com

www.BergTaxes.com

Sign up to receive the latest news direct to your inbox

SHARE
Previous articlePop Warner at Clairemont High Seeking Board Members
Next articleLinda Vista Skate Park “The Blue Print – After the Draft to Selecting the Team”