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Daniel E. Siri, CPA




Daniel E. Siri, CPA is a sole practitioner CPA practice specializing in income tax and accounting services for individuals and small businesses.
 
They have specialties such as over twenty years of experience as a CPA, licensed to practice in California and Nevada, holder of certificate in Estate Planning from the California Society of CPA's, member of the California Society of CPA's, member of the American Institute of CPA's.

In most states, property taxes are paid a year behind the year they are assessed. In order to double your property tax deduction for current year, pay current year's taxes before December 31. If you can't afford to pay property taxes twice in one year, remember that funds are usually escrowed with your mortgage payment specifically to pay taxes. If you decide to pay additional property taxes, check with your mortgage company to see what your escrow balance for taxes is at that time. Then when you pay the taxes at year end, take the receipt issued by your department of property taxation and submit it to your mortgage company for reimbursement. They must refund the balance when you show proof of payment of the taxes.

Audit-proofing techniques can be used effectively to prevent audits, penalties and the wasting of time. The techniques are simple especially since the IRS produces a special audit-proofing form you can use. Audit-proofing is based on the principal of providing with your return the information relevant to a claim in your return. You provide information for claims you think could raise a red flag and cause an audit.

Charitable contributions, mileage claims for a small business, unusually high entertainment costs, a home office reduction, or unusual medical expenses are among those deductions that are highly scrutinized. By providing proof in the case of a potentially suspect deduction with the return, you eliminate the need for the return to be audited. Proof may include copies of canceled checks, copies of receipts, or an affidavit explaining how you arrived at certain deductions.

Both you and a charity can benefit if you give appreciated assets to the charity instead of selling the assets and donating the after-tax proceeds. The amount of the savings will depend on how much capital gains tax you would have paid on the sale.
 
Their goal is to provide timely and quality service that will keep your business in compliance with taxing authorities and provide you with the information you need to make informed decisions regarding the operations of your company.

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