Mountain high Tax & Bookkeeping Inc

Mountain high Tax & Bookkeeping Inc Tax and Bookkeeping services Have you or do you have Tax and/or Bookkeeping services and rarely, if ever, receive your financial statements? Want to talk?

Do you see your accountant on a regular basis? Does your accountant explain what your financials mean? I have met with clients who are frustrated with their service. Their fees keep climbing and before they know it they are locked in to what seems like a contract and are living a nightmare trying to get their paperwork back, a refund or even a simple explanation. Let me work with you. Every month

you will receive monthly financials for bookkeeping services. I will be available when needed. Lets make an appointment that can fit both of our schedules. We can go over the past, present and future of your company. All I ask is that you do not ask of me to do anything illegal or unethical. I want to work with good people as I expect you to want the same.

05/26/2026

Summer fun has begun: How common activities could impact the next tax return

Summer hasn’t officially started, but summertime events and happenings certainly have. Most people aren’t thinking about taxes when there’s summer fun to be had, but there’s some common activities that could impact taxpayers in the next filing season. Let’s look at a few.

Summer day camp
If a taxpayer is sending a child to summer day camp, the cost may count toward the Child and Dependent Care Credit.

Marriage
Summer is peak wedding season. Newlyweds can make their tax filing easier by taking two simple steps now:

First, report any name change to the Social Security Administration.
Next, notify the United States Postal Service, employers and the IRS of any address change. To officially change their mailing address with the IRS, taxpayers must complete and submit Form 8822, Change of Address. See page 2 of the form for detailed instructions.
Part-time/seasonal work
Summer seasonal and part-time workers may not earn enough to owe federal income tax, but they’re encouraged to file a tax return in the next filing season to get any refund they may be owed. Part-time and seasonal workers can visit IRS.gov to learn more about who should file a tax return.

Some taxpayers earn income over the summer through a side hustle or doing gig work. They can visit the Gig economy tax center at IRS.gov to learn how participating in the gig economy can affect their taxes. If taxpayers are paid through payment apps for goods and services during the year, they may receive an IRS Form 1099-K for those transactions. For more information, go to IRS.gov/1099k.

Travel
Most kids may have the summer off, but parents generally don't – and business travel happens year-round. Tax deductions are available for certain people who travel away from their home or main place of work for business reasons. Whether a business traveler is away for a few nights or all summer long, it’s important for them to remember the tax rules related to business travel.

Summer vacations are also something that should be considered, depending on how they are paid for. Taxpayers that sell digital assets to pay for a summer trip might get a 1099-DA, so keep good records.

05/21/2026

Homeowners should review any tax benefits for homeownership

The year is nearly half over which makes it a good time to remind homeowners and future homeowners to review their eligibility for any tax deductions, programs and housing allowances. If eligible, these tax benefits could help with some of the common costs of being a homeowner.

Deductible house-related expenses
Taxpayers must itemize their deductions to deduct homeownership expenses. Most home buyers take out a mortgage to buy their home, and their mortgage lender may bundle other home-related costs.
The costs the homeowner can deduct are:

State and local real estate taxes, subject to a $40,000 limit or $20,000 if married filing separately
Home mortgage interest, within the allowed limits
Homeowners can't deduct any of the following items:

Insurance including fire and comprehensive coverage and title insurance
The amount applied to reduce the principal of the mortgage
Wages paid to domestic help
Depreciation
The cost of utilities, such as gas, electricity or water
Most settlement or closing costs
Forfeited deposits, down payments or earnest money
Internet or Wi-Fi system or service
Homeowners’ association fees, condominium association fees or common charges
Home repairs
Mortgage Interest Credit
The Mortgage Interest Credit helps people with lower income afford homeownership. Those who qualify can claim the credit each year for part of the home mortgage interest paid. A homeowner may be eligible for the credit if they were issued a qualified Mortgage Credit Certificate from their state or local government.

Ministers and military housing allowance
Ministers and members of the uniformed services who receive a nontaxable housing allowance can still deduct their real estate taxes and home mortgage interest. They don't have to reduce their deductions based on the allowance.

05/12/2026

Got mail from the IRS? Don’t toss it

Some taxpayers may get mail from the IRS. It’s important that they open any mail they receive and read it carefully.

Most letters or notices are about federal tax returns or tax accounts. Each notice will outline the specific issue and include steps the taxpayer needs to take. A notice may reference changes to a taxpayer's account, taxes owed, a payment request or a specific issue on a tax return or credit.

Review the information. If the mail is about a changed or corrected tax return, the taxpayer should review the information and compare it with the original return. If the taxpayer agrees, they should make notes about the corrections on their personal copy of the tax return and keep it for their records. Typically, a taxpayer will need to act only if they don't agree with the information, if the IRS asked for more information or if there’s a balance due.

Take any requested action. This may include making a payment. The IRS and authorized private debt collection agencies do send letters by mail. Taxpayers can also view digital copies of select IRS notices by logging into their IRS Online Account. The IRS offers several options to help taxpayers struggling to pay a tax bill. Taking prompt action could minimize additional interest and penalty charges.

Reply only if needed. Taxpayers don't need to reply to a notice unless specifically told to do so. If a taxpayer needs to call the IRS, they should use the number in the upper right-hand corner of the notice and have a copy of their tax return and letter.

Let the IRS know of a disputed notice. If a taxpayer doesn't agree with the IRS, they should follow the instructions in the notice to dispute what the notice says. The taxpayer should include information and documents for the IRS to review when considering the dispute.

Keep the letter or notice for their records. Taxpayers should keep notices or letters they receive from the IRS for three years from the date the tax return was filed. These include adjustment notices.

Watch for scams.
The IRS will never contact a taxpayer using social media. The first contact from the IRS usually comes in the mail

05/04/2026

National Small Business Week 2026: Avoid the scam

It’s National Small Business Week, and the IRS is sharing resources and highlighting key topics each day throughout the week. One of those topics is scams. Back in March, the annual Dirty Dozen list of common tax scams was announced. These scams and schemes target taxpayers, businesses of all sizes and tax professionals. Let’s look at a couple that could affect businesses and entrepreneurs as well as tax professionals supporting small businesses.

Spear-phishing and malware campaigns targeting businesses and tax professionals
Tax pros and businesses can be targets of “new client” or “document request” emails that deliver malicious links or attachments to steal client data or access systems.

Businesses, tax pros, and individuals should always be cautious of any suspicious requests or unusual behavior before sharing any sensitive information or responding to an email.
Warning signs may include unexpected requests for sensitive information, mismatched or unfamiliar sender addresses, urgent payment demands, or links directing users to websites that do not clearly originate from IRS.gov.
Be aware that by gaining access to a hacked email account, scammers can locate a genuine email from a previous victim's email account sent to their tax professional.
Bogus “Self-Employment Tax Credit”

Scammers are promoting a broad “self-employment tax credit” which can lead to inaccurate filings.
Many taxpayers do not qualify for these credits. Taxpayers should rely on trusted sources like Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C) and qualified tax professionals, not social media promotions, when determining eligibility for credits.
Additional tips to avoid the scam

Businesses can take proactive steps to safeguard their business and employees by using anti-malware/anti-virus software with automatic updates and requiring strong passwords with multi-factor authentication. Only enter personal data on secure websites (https) to prevent unauthorized access. See Publication 5961, Protect your business from tax scams PDF, for more information.
Protect the Employer Identification Number. Keep it secure and up to date. Use Form 8822-B, Change of Address or Responsible Party — Business, to make any necessary EIN updates promptly, ensuring its integrity and minimizing the risk of identity theft or fraudulent activity.
Reporting fraud or scams

Report suspected tax fraud, scams, identity theft, or other tax-related wrongdoing at IRS.gov/submitatip.
Tell us about data losses related to W-2 scams by emailing [email protected] and providing contact information. In the subject line, type “W2 Data Loss” so that the email makes it to the right people. Don’t attach any employee personally identifiable information.
Contact the Federation of Tax Administrators to receive information on how to report victim information to states using the State Data Breach Contacts

04/29/2026

When and how to amend a tax return

Taxpayers who discover an error after filing a federal tax return may need to file an amended return. There are some instances where an amended return isn’t required such as when the IRS corrects errors during processing or requests missing forms or schedules separately.

Reasons to file an amended return
If there are changes to key items on the original return, including:

Filing status
Income
Deductions
Credits
Dependents
Tax liability
Taxpayers can use the Should I file an amended return? tool within the IRS Interactive Tax Assistant to help decide if they should file an amended return to correct an error or make other changes if they already filed.

Time limits
To claim a refund, an amended return must generally be filed within:

Three years from the date the original return was filed, or
Two years from the date the tax was paid, whichever is later
If the original return was filed early, the three-year period begins from the April tax deadline. Special rules apply when there are net operating losses, foreign tax credits, bad debts or other issues. Additionally, taxpayers in disaster relief situations, combat zone service, have bad debts, foreign tax credits, or loss or credit carrybacks, may have more time to file an amended return.

How to file an amended return
Taxpayers must file Form 1040-X, Amended U.S. Individual Income Tax Return. When filing, they should:

Submit a corrected Form 1040, 1040-SR, or 1040-NR for the applicable tax year
Attach any supporting documents and updated forms or schedules
Refunds and payments
For tax years 2021 and later, taxpayers may request direct deposit of refunds when filing electronically. If additional tax is owed, payment should be submitted with the amended return. The amended return replaces the original return, and the IRS will calculate any applicable penalties or interest if filed after the due date.

Status of amended return
Taxpayers can check the status of an amended return approximately three weeks after it’s submitted. It generally takes 8 to 12 weeks for it to be processed. However, in some cases, processing could take up to 16 weeks.

State tax considerations
Changes to a federal return may affect a taxpayer’s state tax liability. Taxpayers should contact their state tax agency for guidance and should not attach state returns to the federal amended return.

04/24/2026

Every taxpayer has the right to quality service from the IRS

All taxpayers have the right to quality service. This is one of 10 core rights within the Taxpayer Bill of Rights. Let's define what this means for taxpayers.

Right to quality service
Taxpayers have the right to:

Receive prompt, courteous and professional assistance from the IRS
Be spoken to in a way they can easily understand
Receive clear and easily understandable communications from the IRS
Speak to a supervisor about inadequate service
What taxpayers can expect
When taxpayers interact with the IRS, they can expect IRS representatives to:

Listen objectively. They will consider all relevant information prior to giving the taxpayer an answer.
Answer questions promptly, accurately and thoroughly
Give the taxpayer information on recourse options and applicable appeal rights
Treat people with courtesy
Generally, only contact taxpayers between 8 a.m. and 9 p.m.
Provide the taxpayer with information about how to get help from the Taxpayer Advocate Service in all statutory notices of deficiency
Provide information about options for legal help if someone is eligible for assistance from a Low-Income Taxpayer Clinic
IRS representatives will not:

Contact the taxpayer's employer if they know the employer doesn't allow such contact
Make aggressive phone calls that threaten arrest or prison time
Taxpayers can find answers to most tax questions on IRS.gov. Taxpayers can also contact the IRS directly by calling the number on the top right corner of all notices and letters.

04/14/2026

Options for taxpayers who need help paying their tax bill

The filing and payment deadline for most 2025 federal tax returns is April 15, 2026. There are exceptions for taxpayers in a disaster area, combat zone or living and working abroad. Taxpayers who can’t pay their tax bill by the deadline shouldn't panic – the IRS offers a variety of options to help taxpayers meet their obligations.

Those struggling to meet their tax obligation may consider several options to resolve their tax bill. The Tax Debt Help tool on IRS.gov provides individuals and businesses with a simple, accessible way to explore payment options and identify next steps based on their situation. These options include:

Online payment plans
Most individual taxpayers qualify for an online payment plan. The quickest and easiest way to set up a payment plan is through the online payment agreement, available on IRS.gov. Setup fees may apply.

Short-term payment plan – The total balance owed is less than $100,000 in combined tax, penalties and interest. This gives a taxpayer up to 180 days to pay their balance in full.
Long-term payment plan – Also known as a simple plan or installment agreement. This option is available online and to individual taxpayers that owe $50,000 or less in combined tax, penalties and interest. Most taxpayers have up to 10 years to pay off their balance, but the longer the term on the payment plan, the more interest, penalties and fees will add up. Payments may be made using direct debit (automatic bank withdrawal). This eliminates the need to send in a payment each month, saves postage costs and reduces the chance of default.
Once the online application is complete, the taxpayer is notified immediately whether their plan is approved. There’s no paperwork and no need to call, write or visit the IRS.

Other payment options
Anyone who can’t qualify for an online payment plan should consider these options:

Offer in compromise – Some taxpayers qualify to settle their tax liabilities for less than the total amount owed by submitting an Offer in Compromise. Taxpayers should use the Offer in Compromise Pre-Qualifier tool on IRS.gov to see if they qualify.
Temporary delay of collection – Taxpayers can contact the IRS to request a temporary delay of the collection process. If the IRS determines that the taxpayer is unable to pay, it may delay collection until the taxpayer’s financial condition improves. Penalties and interest continue to accrue until the full amount is paid.
Taxpayers can get details on these options and more by visiting the Tax Debt Help page or reviewing Topic 202, Tax payment options, on IRS.gov.

Penalty relief to eligible taxpayers
Taxpayers may qualify for penalty relief if they tried to comply with tax laws but are unable to due to circumstances beyond their control.

04/09/2026

Need more time to file? Don’t wait, request an extension

The April 15 deadline to file federal income tax returns is coming up fast. Taxpayers who need more time to file, should request an extension by the filing due date. An extension gives people until October 15 to file without penalties.

It’s important to know, the extension is only for filing a return and not for extra time to pay, if taxes are owed. Taxpayers are still obligated to pay taxes due on April 15, 2026, to avoid penalties and interest. There are options available for people who can’t pay the full balance before the deadline, but they shouldn’t delay any longer.

Three ways to request an extension

Pay online and select extension. Taxpayers can pay what they owe using an online payment option, then click on extension as the reason for the payment. The taxpayer will receive a confirmation number of their extension for their records. There’s no need to file any additional forms.
Use IRS Free File. All individual filers can use the program to request an automatic extension, regardless of income and at no cost to them. However, there are income requirements when using IRS Free File to file taxes.
Request an extension by mail. File Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. Taxpayers can file by mail, online with an IRS e-filing partner or through a tax professional. They must estimate how much tax is owed for the year on the extension form and subtract the taxes already paid for the filing year and pay the balance owed.
Taxpayers serving in a combat zone or qualified hazardous duty areas, living outside of the United States, or affected by certain disaster situations may be eligible for additional time to file and pay. They should check their eligibility before the tax filing deadline.

People who can’t pay the full balance owed by April 15 should still pay what they can and apply for a payment plan, also called an installment agreement or online payment agreement. Most applicants receive immediate notification of approval or denial, without having to call or write to the IRS.

04/02/2026

Don’t leave a potential refund on the table

Not everyone is legally required to file a federal tax return. However, not doing it could be leaving money on the table. People could be missing out on refundable tax credits or an income tax refund. This could apply to someone if they:

Have had federal income tax withheld from their pay
Made estimated tax payments
Qualify to claim refundable tax credits
Don’t miss out on valuable tax credits
A few tax credits people can claim on a federal tax return if they’re eligible include:

Earned Income Tax Credit – The EITC helps low to moderate-income workers and families get a tax break. The amount of the credit may vary based on income, family size and filing. Taxpayers can use the EITC Assistant to check their eligibility.
Child Tax Credit – Taxpayers with a qualifying child may be eligible to claim up to $2,200 per qualifying child with the CTC. The Additional Child Tax Credit is a refundable portion of the CTC. For 2025, up to $1,700 per qualifying child may be refundable.
Credit for Other Dependents – Taxpayers who don’t qualify for the Child Tax Credit may qualify for the Credit for Other Dependents. This includes people who have:
Dependent children who are age 18 or older at the end of 2025
Parents or other qualifying individuals they support
Adoption Tax Credit – This credit now partially refundable and is available to taxpayers who finalized an adoption in 2025 or started the adoption process before 2025. The maximum amount, for 2025, is $17,280 per eligible child. The refundable amount is up to $5,000 per qualifying child. However, any nonrefundable amount carried forward can’t be used to calculate a refundable portion for future tax years.
Education credits – The American Opportunity Tax Credit is for qualified education expenses for the first four years of higher education. The Lifetime Learning Credit is for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution.
Get help deciding whether to file
The Interactive Tax Assistant provides answers to many common tax law questions based on an individual's specific circumstances. It can help someone decide whether they should file a tax return and if they're eligible for many common tax credits.

04/01/2026

Be informed, not fooled by ghost preparers and tax credit scams

The tax filing season is coming to an end in a couple of weeks, but that doesn’t mean scammers and schemers take a break. Here’s a couple more things from the recently released Dirty Dozen, that taxpayers should be mindful of.

Ghost preparers
Taxpayers should choose their tax professional wisely. Paid preparers must sign and include a valid Preparer Tax Identification Number on every tax return. A “ghost” preparer prepares a return but refuses to sign it and/or refuses to include a PTIN. These unlicensed or unethical tax return preparers should be avoided. When a preparer refuses to sign or provide a PTIN, that is a major red flag; the taxpayer is legally responsible for what is filed. Taxpayers should never sign a blank or incomplete return.

Ghost preparers also often exploit credits by promising large refunds. These preparers may:

Exaggerate eligibility for deductions
Claim credits that taxpayers do not qualify for
Disappear after filing, leaving the taxpayer responsible for penalties, interest, or audits
People can make a complaint about a tax return preparer, if a paid preparer filed a fraudulent return, without consent or if they followed improper tax preparation practices.

Phony “Self-Employment Tax Credit”
Another one from the Dirty Dozen is misleading information being shared about a “self-employment tax credit,” which can result in an inaccurate filing. Many taxpayers do not qualify for these credits, and the IRS is closely reviewing claims coming in under this provision, so taxpayers filing claims do so at their own risk. Be informed about any tax credits and eligibility requirements before claiming them. The IRS Interactive Tax Assistant can help a person decide if they're eligible for many popular tax credits and deductions.

Taxpayers are reminded to rely on trusted sources and qualified tax professionals, not bad tax advice on social media. People can confidentially report suspected tax fraud, scams, identity theft, or other tax-related

Address

2900 Adams Street
Riverside, CA
92504

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Sunday 11am - 7pm

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(562) 309-7521

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