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Home > Financial Services > Accountants > North County Tax & Accountancy Corp.
North County Tax & Accountancy Corp.
North County Tax specializes not only in the preparation of all variety of income tax returns, but is especially attuned to the needs of businesspersons in structuring transactions to minimize taxes. In addition, the principals possess an extensive background in operating businesses and bring an entrepreneurial perspective to their clients’ operations. For your business consulting, income tax planning and preparation and bookkeeping needs, contact North County Tax and join their expanding list of satisfied clients.
The office has seen young, new clients who do not owe any income tax, but they owe self employment tax. If they have not planned for this tax, they find themselves short at tax time. Do remember that self employment tax is part of working for your self and does add up to a not inconsiderable amount. As such, you need to price your services to account for income tax and self employment tax. It is wonderful to work for yourself, but your profit needs to cover your income tax and your self employment tax.
Some items you will be able to complete yourself, others they will direct you to a place you need to go to get everything done. Tax tips are only a start in their Business area. Some items you will be able to complete yourself, others they will direct you to a place you need to go to get everything done. Tax tips are only a start in their Business area. Starting in 2010, concurrent with estate tax repeal, the stepped up basis rules are repealed and replaced with a modified carryover basis rule.
The Taxpayer Relief Act of 1997 permits continuous levies on Social Security payments and other payments of federal benefits. Under the Federal Payment Levy Program, monthly Social Security payments may be reduced by 15 percent until the unpaid federal tax liability is satisfied. Before the IRS takes action, affected taxpayers will receive notice of intent to levy and an explanation of appeal rights and procedures.
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