Successfully Navigating California’s Complex Tax Rules and Regulations

It’s no secret that the rules and regulations behind California’s tax systems can be extremely complex. When it comes to successful tax planning, it is important to make sure you’re setting yourself up for success when it comes to tax preparation in Orange County. Taxes can be complex, so it’s best to enlist the assistance of a qualified professional. At Cambaliza McGee LLP, we are here to help make your tax strategy, planning, and preparation…less taxing!

Our team of skilled CPAs and professionals have extensive experience and we’re known for helping our clients navigate complex and ever-changing California tax laws. No matter what stage of tax planning, what extension deadlines you may facing, or how challenging the IRS, you will notice a higher level of expertise and genuine concern for your unique situation.

Common mistakes people make when it comes to income tax in Orange County

When it comes to income taxes in The Golden State, the rules always seem to be changing. The rate of inflation often has strong bearings on California’s income taxes. At Cambaliza McGee LLP, we will make your income tax planning and process a breeze. We interpret new tax laws for you and prepare and file your income tax forms, helping you make the most of all possible deductions and credits. Without the right help for your taxes, you may wind up making some dangerous and potentially costly mistakes.

Some of the mistakes we regularly see, in regard to income tax in Orange County include:

• Disparity between estimated & actual payments
• Incorrect filing status
• Miscalculations regarding exemption credits
• Claimed disability isn’t supported
• Incorrect adjusted gross income
• Claimed withholding doesn’t match your W-2

Many of these mistakes can be costly in several ways. First, improper calculations can mean higher costs. These costs may be more than you anticipated, causing additional issues. If there are too many discrepancies on your return, it may also result in an audit. Audits can be a headache, and they may result in additional financial penalties.

By choosing Cambaliza McGee LLP to prepare your 2020 income tax preparation, you can avoid many of these costly tax mistakes, because our team completely understands how to make the most of your tax situation. We can prepare and file your return, so you can rest easy that everything is filed correctly. Additionally, we can help maximize your tax credits and tax return by analyzing and filing your taxes to the highest results possible.

Taxes can be highly confusing, especially in California, so we are here to help assist with your tax needs. Our CPAs are here to help you any time of the year…but the sooner you call on our professionals for support the better! We can help you through many components of your tax processes and will pursue your best interests at every juncture. Contact our accounting professionals at Cambaliza McGee LLP today to learn how we can help. Email to contact@cpa-ltc.com or call 949-484-8288 with your inquiries.

Author: CM Editorial