Theresa Gordon Tax Service, Inc

Home
United States
Santa Clarita, CA
Theresa Gordon Tax Service, Inc

The tax consultants of Theresa Gordon Tax Service believe in helping clients maximize net worth by minimizing tax liability.

Our tax professionals will consult with you on building financial security by setting goals and objectives and monitoring your progress in achieving those goals. We work with you to match your financial strategies to your financial objectives, help you analyze and manage risk and take advantage of ongoing changes in the tax laws to aggressively minimize your tax exposure. Solving Problems

Tax con

sulting is crucial in order to maximize your net worth. The average American loses about 35% of their income to taxes. The tax professionals of Theresa Gordon Tax Service help you anticipate, define and solve your problems in order to avoid unnecessary taxes. Successful businesses and individuals turn to our firm for aggressive representation and creative solutions to their tax and accounting issues. Over the years, our firm has combined professional expertise with dedication to service. Today, this adherence to service is the foundation of our practice. Expansion has allowed us to maintain the highest level of quality and service to our clients in all areas of taxation and wealth management. Preparing your own income tax return can be a task that leaves you with more questions than answers. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there is no substitute for the assistance of an experienced tax professional. Tax Preparation:

At Theresa Gordon Tax Service, we:

Check and recheck your return with our sophisticated computer software to identify potential problems the IRS may look at more closely and review the math to limit IRS contacts. File your return electronically if possible so that you will get a refund back much faster. Show you how to adjust your payroll withholding to get more money back every week. Why give the IRS an interest free loan for up to 16 months? Show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year's tax liability. Tax Problems

We can help you resolve any tax problems you may have and put an end to the misery that the IRS can put you through. We are efficient, affordable, and of course, extremely discrete. The IRS problems rarely go away by themselves - they just keep getting worse with penalties and interest being added each day. We offer the following IRS problem resolution services. IRS Audit Representation
Non-Filed Tax Returns
Back Taxes Owed
Offer In Compromise
IRS Payment Plan
Bankruptcy
Innocent Spouse Relief
Get Your IRS File

07/14/2025

IRS Impersonation Scams - Did You Know?

The IRS recently issued new warnings about ongoing IRS impersonation scams designed to steal people's money, identities or both. The first thing to know about these scams is that the IRS almost always initiates contact with a person by sending a letter through the mail on official letterhead. If you receive an IRS letter and have created an IRS online account, you can log in to your account to check whether the letter is authentic. Otherwise, if you have doubts about a letter you receive, call the IRS at 800-829-1040 for more information.

The IRS does not initiate contact through email or social media messages, and only sends text messages with the recipient's permission, for instance because the person signed up for notifications. If you receive a message supposedly from the IRS promoting mysterious stimulus payments or tax credits, it is almost certainly a scam. Delete the message and do not click any links, as the links typically lead to fake IRS websites created to steal people's tax refunds or personal information.

Finally, when reaching out by phone, IRS employees do not leave aggressive messages threatening people with arrest. They also never demand payment in a specific format, such as prepaid gift cards. If you are unsure about the legitimacy of a phone call supposedly from the IRS, hang up and call an official IRS customer service number for more information.

07/07/2025

Flexible Spending Arrangements (FSAs) - Did You Know?

Considering a job change? Before leaving your current position, check the account balances in your flexible spending arrangements (FSAs). You generally cannot transfer an FSA to a different workplace, so you will want to use up those funds to avoid forfeiting them to your employer.

06/30/2025

Employer Childcare Tax Credit – Did You Know?

Businesses that provide childcare services for employees may be eligible to claim a tax credit for some of the expenses involved. The Employer-Provided Childcare Tax Credit is offered to organizations that maintain on-site childcare facilities for employees, or provide resource and referral services like contracting with a qualified childcare facility.

To qualify for the Childcare Tax Credit, a business must incur expenses to provide childcare services for employees. The standard credit amount is 25% of costs associated with maintaining a childcare facility, or 10% of resource and referral costs, up to a maximum of $150,000. Eligible businesses may claim the credit as part of their general business credit, and so may carry any unused credit amount back one year, or forward up to 20 years. A business tax professional can help you structure the childcare services your enterprise provides for employees to meet the requirements for this business tax credit.

06/25/2025

Workplace Health Benefits - Did You Know?

If you set aside pre-tax dollars for medical expenses through a workplace benefits program, pay careful attention to whether the plan is a flexible spending arrangement (FSA) or health savings account (HSA). Generally, you must use up an FSA balance each year or risk losing it. This restriction does not apply to HSAs. Rules may vary slightly depending on your employer's plan options.

06/16/2025

Summer Tax Planning Reminders – Did You Know?

A variety of summer activities have the potential to generate taxable income, or to help you qualify for tax benefits. For example, if you engage in part-time, seasonal or gig economy work during the summer, then you may need to adjust your tax withholding or make estimated tax payments to account for the extra income. If your children work during the summer, they may need to file a tax return next spring to claim any IRS refunds they have coming.

Self-employed people who travel for business purposes may generally deduct travel expenses to reduce their taxable income. However, if a summer trip involves both business and personal activities, you must take care to only deduct expenditures that serve a clear, legitimate business purpose.

Finally, if you make improvements to your home this summer, then you may qualify for home energy tax credits. A variety of credits exist for projects that improve energy efficiency, or involve generating or using renewable energy like wind or solar power. You must carefully document all eligible expenses in order to claim these credits. Also note that the rules for energy credits may change after this year, so this summer might be the ideal time to complete a project. A tax professional can help you analyze the potential tax impacts of all your summer endeavors.

06/09/2025

Overseas Tax Filing & Quarterly Installment Deadlines

If you are a U.S Citizen or Green Card Holder living abroad and have not filed your taxes yet, the deadline is coming up on Monday, June 16th, 2025.

If you are making quarterly estimated tax payments to the IRS, the due date for the April 1 – May 31 quarter of the year is also June 16th.

For payments made using IRS Direct Pay, you can make payments until 11:45PM EST, and for payments using a credit or debit card, payments can be made up to midnight on the due date.

06/02/2025

Summer Day Camp Expenses – Did You Know?

Parents who paid for their children under the age of 13 to attend summer day camps may qualify to claim the Child and Dependent Care Credit on their tax returns. This credit provides assistance for parents who pay care expenses for a qualifying child so that they can work or seek work. You may also be able to claim the credit for day camp or other care costs for a dependent age 13 or older with a permanent disability. Note that expenses associated with sending children to overnight summer camps generally do NOT qualify for this credit.

To qualify for the Child and Dependent Care Credit, you must have earned income, and your adjusted gross income (AGI) must not exceed limits set by the IRS. Typically, the credit covers 20-35% of qualifying day camp or other childcare expenses, up to a maximum of $3,000 for one child or $6,000 for two or more children.

When claiming the Child and Dependent Care Credit, you generally must provide the name and taxpayer identification number (TIN) of the day camp or care provider on your tax return. In most cases, married taxpayers must file a joint return in order to get the credit, although exceptions exist for cases where spouses live apart. A tax professional can help you determine whether your summer day camp or other childcare expenses qualify for this valuable credit, and if so, help you maximize your credit amount.

05/29/2025

National 529 Day - Did You Know?

If you put money in a 529 account for education, withdrawal of earnings are tax-free if used for qualified educational expenses. Qualified educational expenses include tuition, fees, housing, meals and books. Many states offer a full or partial tax deduction for 529 plan contributions. They may also offer incentives and promotions to encourage families to open and contribute to 529 accounts today on National 529 Day.

The Tax Cuts and Jobs Act (TCJA) also expanded eligibility for 529 savings plans. Up to $10,000 per year may be used for Kindergarten through Grade 12 education (public, private, or religious schools).

05/19/2025

Capital and Ordinary Operating Expenses - Did You Know?

If you have business income, including income from self-employment activities, then you may have both capital expenses and ordinary operating expenses. Capital expenses relate to assets with lasting usefulness, like equipment, computers, machinery and furniture. Different tax rules apply for these two types of expenses, so make sure to keep them separate.

05/12/2025

Main Home Sale - Did You Know?

Selling valuable assets like real estate often results in a substantial gain, subject to federal capital gains tax. However, you may be able to exclude most or all of the gain from selling your main home from your taxable income. Before you sell, find out whether you qualify for the Primary Home Sale Exclusion.

Address

22428 13th St, Newhall CA , 484 E. Los Angeles Avenue #216, Moorpark
Santa Clarita, CA
91321

Website

http://theresagordontax.com/

Alerts

Be the first to know and let us send you an email when Theresa Gordon Tax Service, Inc posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Want your business to be the top-listed Accountant in Santa Clarita?