San Diego Precision Tax Service Inc

09/08/2026

🎓 **Paid college tuition this year? Don’t assume Form 1098-T tells the whole story.**

How you paid for education can be just as important as how much you paid.

You may qualify for:

💰 **American Opportunity Tax Credit (AOTC)** — up to $2,500 per eligible student

📚 **Lifetime Learning Credit (LLC)** — up to $2,000 per tax return and may apply even if you’re taking just one qualifying course

But here’s where it gets tricky:

• Used money from a **529 plan**? You can’t use the same expenses twice.
• Received **tax-free employer education assistance**? That can reduce expenses available for the credit.
• Received a **scholarship**? How it can be used may affect your tax options.
• Taking courses to **improve your job skills**? The Lifetime Learning Credit may apply even if you aren’t pursuing a degree.

👉 Before filing, don’t look at Form 1098-T alone. Keep your tuition statements, scholarships, 529 records, and employer education benefits together.

**Did you know that even one qualifying course could potentially make you eligible for an education credit?**

Have education expenses and aren’t sure what applies? Contact our office and we can review your tax situation.

General information, not tax advice.

09/01/2026

Sometimes the smallest things make the biggest difference. 💛

09/01/2026

California taxpayers: Did the FTB collect more than you actually owed? 👀

A recent California FTB ruling could matter if the FTB collected too much through an involuntary collection action because of its own clerical or mechanical error.

The key point: the excess may be returned even if the normal refund claim deadline has already passed.

⚠️ This applies to qualifying FTB overcollections, not ordinary tax overpayments. CaliforniaTaxes SanDiegoTaxes

09/01/2026

Did the California FTB collect more than you actually owed?

A recent FTB ruling provides important guidance for California taxpayers and businesses.

If the FTB collected too much through an involuntary collection action because of its own clerical or mechanical error, the excess may be returned — even if the normal refund claim deadline has already passed.

This is specifically about qualifying FTB overcollections, not ordinary tax overpayments.

If you’ve had an FTB collection action in the past, it may be worth reviewing what was collected.

Source: California Franchise Tax Board, Legal Ruling 2026-02.

https://www.sandiegotaxhelp.com/post/ftb-legal-ruling-issued-on-the-application-of-the-statute-of-limitations-provisions-to-overcollected

On August 21, 2026, FTB issued Legal Ruling 2026-02, relating to the application of the statute of limitations provisions to overcollected amounts received by FTB through involuntary collection action.  Legal Ruling 2026-02 provides clarity as to what constitutes an overcollection....

08/10/2026

California is making it more affordable to own your first electric vehicle.

Starting now, eligible California residents may receive:

• Up to $3,500 off a qualifying new zero-emission vehicle
• Up to $1,750 off a qualifying certified pre-owned zero-emission vehicle

One of the biggest advantages of the new MyFirstEV program is its simplicity.

If you qualify, the rebate is applied instantly at participating dealerships or manufacturer sales centers. No separate rebate application. No waiting for reimbursement.

Current participating manufacturers include:
• Tesla
• Hyundai
• Lucid

More automakers are expected to join in the coming months, including Ford, Rivian, Chevrolet, Kia, Toyota, Honda, Subaru, Lexus, Mitsubishi, Nissan, and Volvo.

Before purchasing, be sure to:
✔ Verify you’re eligible as a first-time EV buyer.
✔ Confirm the vehicle meets the program’s price limits.
✔ Check that your dealership participates in the MyFirstEV program.
✔ Ask whether you may also qualify for other available incentives, including applicable federal tax credits.

If you’re considering buying your first electric vehicle, this program could significantly reduce your upfront cost.

I’ve put together a detailed guide explaining who qualifies, how the rebate works, participating automakers, and important requirements before you buy.

General information only. Program rules, eligibility requirements, participating manufacturers, and funding availability may change. Always verify current information before purchasing.

07/29/2026

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07/14/2026

That’s how we approach every tax return, every IRS notice, and every client who needs real answers instead of excuses.

🌴 San Diego Precision Tax Service
📍 San Diego, California
🌐 SanDiegoTaxHelp.com

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07/02/2026

When the power of love overcomes the love of power, the world will know peace.

06/04/2026

We provide professional tax preparation, tax planning, and IRS notice assistance for individuals, self-employed taxpayers, and small business owners in all 50 states.

05/30/2026

Not just taxes —precision, structure,peace of mind.

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