by Josh | Feb 5, 2025 | root tax blog
As we dive into the 2024 tax season, I wanted to reach out about something that will help us take even better care of you this year. Over the past few years, we’ve seen an increase in notices and letters from both the IRS and the California Franchise Tax Board (FTB)....
by Josh | Aug 15, 2024 | root tax blog
Welcome Our Newest Team Member – Mrs. Keren Wooden Root Tax is expanding our team so that we can serve you better. We are pleased to introduce you to our newest member – Mrs. Keren Woodin. Keren joined us in the Summer of 2024 as our Office Manager to...
by Josh | May 28, 2024 | budgeting, root tax accounting, root tax blog, tax
The second quarter of the calendar year is now over, which means it’s time to start preparing documents to file for estimated taxes on earned income. The deadline to file estimated taxes in the second quarter is June 15. The Internal Revenue Service (IRS) requires...
by Josh | May 28, 2024 | budgeting, root tax accounting, root tax blog, tax
The deadline to pay pass-through entity election taxes for the second quarter is June 15. If you’re unsure if this applies to you, here we explain what the pass-through election tax is and how it can benefit you. What is a Pass-Through Entity? A pass-through entity is...
by Josh | Feb 8, 2024 | budgeting, root tax accounting, root tax blog, tax
Beginning January 1st, 2024, short-term rental owners should be aware of an important update – a new tax liability has been introduced that affects your rentals. If you own properties that you rent out through platforms like Airbnb or VRBO, or even a room in your...
by Josh | Dec 8, 2023 | budgeting, root tax accounting, root tax blog, tax
The new year represents a great time to assess your finances and create a plan for setting and meeting your financial goals. Here are three financial resolutions that can make the new year a prosperous one. 1. Create a Budget Review your net income and expenses....
