Gandrud Financial Services

10/16/2023

We just received word that the IRS, just this morning, has provided another extra month (until November 16th) for most Californians to get returns done for 2022, make tax payments for 2022 and 2023, and contribute to retirement accounts for 2022. https://www.irs.gov/newsroom/for-california-storm-victims-irs-postpones-tax-filing-and-tax-payment-deadline-to-nov-16 #:~:text=In%20the%20wake%20of%20last,and%20pay%20any%20tax%20due.

As of this moment, California has not announced any additional time to file or pay.

06/04/2023

Gandrud Financial Services is accepting new TAX RETURN PREPARATION clients at this time. Maximize your refund, avoid an audit, and get professional advice. Carpinteria residents will find us especially convenient with plenty of free parking at our downtown Carpinteria office. We can also prepare returns remotely. Gregory Gandrud graduated with honors from USC and is licensed, registered, and bonded.

We offer expert help and advice with all things financial (but no sales of insurance or securities).

04/14/2023

Reminder: If you reside or do business in one of California's 55 declared disaster counties, NOTHING is due for federal or California income taxes for tax year 2022 or tax year 2023 until October 16th of 2023.

03/15/2023

If you reside in or do business in a declared California disaster county (January rains), many of your tax filing and tax payment deadlines have been extended automatically to October 16th.

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-severe-winter-storms-flooding-landslides-and-mudslides-in-california

https://www.ftb.ca.gov/file/when-to-file/Emergency-tax-relief.html

CA-2023-02, January 24, 2023 — Victims of severe winter storms, flooding, landslides, and mudslides beginning December 27, 2022, now have until May 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

02/11/2023

Today, the IRS exempted the Middle Class Tax Refund from being considered taxable income.

01/23/2023

It's Tax Time 2023!

06/11/2022

The IRS this week announced an increase in the optional standard mileage rate for the final six months of 2022. Taxpayers may use the optional standard mileage rate to calculate the deductible costs of operating an automobile for business and certain other purposes. Beginning July 1, the rates are 62.5 cents per mile for business use of an automobile and 22 cents per mile for costs of using an automobile as a medical or moving expense.

01/13/2022

It's Tax Time!!!

05/04/2021

We are honored to be able to help clients in 21 states and six countries.

04/15/2021

Huge deadline today, April 15th, 2021, for foreign bank account reports, returns for trusts and estates, gift tax returns, and 1Q2021 estimated tax payments. Let us know how we can help.

03/12/2021

March 15th is the 1st deadline for partnerships and S-corps to file tax returns. But there is no extension of time to pay California Franchise Taxes. Current California law does not conform to federal law with respect to PPP loans not creating taxable income.