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Tax Form W-2 Explained: Who Gets It and How to File It

News, Services, Tax Preparation and Tips01/28/202525Views 0Likes 0Comments

Did you get a W-2? Honestly, tax forms can be daunting, especially if you're new to the process. One of the essential forms you'll encounter is the W-2. This guide covers what a W-2 form is, who receives it, its purpose, how to file it correctly, and the consequences of incorrect information. What is a…

E-File for a Faster Refund: FTB’s Tips as California’s 2025 Tax Season Starts

News, Tax Preparation and Tips, What's new?01/08/202522Views 0Likes 0Comments

The California Franchise Tax Board (FTB) has officially launched the 2025 tax season, encouraging residents to file their taxes early. Malia M. Cohen, the State Controller and Chair of the FTB, stresses the importance of early tax submissions to take full advantage of available tax credits. These credits are designed to provide substantial financial aid…

The Hidden Costs of Tax Breaks: How California’s Tax Exemptions Impact Public Funds

News12/23/202422Views 0Likes 0Comments

Every year, the California Legislature deals with numerous bills, including some that discuss "tax expenditures." This term refers to specific exemptions from personal, corporate income, and sales taxes that apply to particular financial transactions. These exemptions prevent certain activities from being taxed, essentially reducing the amount of money the government collects. This has the same…