Guide to Los Angeles City Business Tax (TRC & Annual Filings)
If you operate a business or perform work in the City of Los Angeles, you must understand the City’s business tax requirements — including registration, filing, exemptions, and deadlines. This guide explains what Los Angeles expects, how to comply, and key rules every business owner or independent contractor should know. What Is the LA Business […]
Checklist: What Documents Do I Need?
Gathering your documents before you start will make the filing process smoother. Here is the standard list required for VITA/TCE sites and self-filers: Personal Information Income Documentation Health Care & Expenses IRS Resource: Gather Your Documents
What Filing Status Should I choose
Your filing status determines your standard deduction and tax rates. It is generally determined by your marital status on the last day of the year. Official IRS Resource:What Is My Filing Status?
Low Income Taxpayer Clinics (LITC)
If you have a tax dispute with the IRS (such as an audit, appeal, or collection matter) and cannot afford representation, an LITC may be able to help you for free or for a nominal fee. Who They Help LITCs are independent from the IRS. They assist individuals whose income is below a certain level […]
Is My Unemployment Income Taxable?
Yes. Unemployment compensation is fully taxable on your federal tax return . Reporting Unemployment Official IRS Resource:Unemployment Compensation
Cancellation of Debt: Is It Taxable?
If a lender cancels or forgives a debt you owe (like a credit card balance or mortgage), the IRS generally treats the canceled amount as taxable income . Form 1099-C You will typically receive Form 1099-C (Cancellation of Debt) showing the amount of forgiven debt in Box 2. You must report this amount as “Other […]
Do I Need to File a 2025 Tax Return?
Not everyone is required to file a tax return, but it is often in your best interest to check. The IRS sets specific income thresholds based on your age and filing status. Mandatory Filing Thresholds You must file a federal tax return if your gross income is at least the following amounts: Filing Satus Under […]
