News


Are You Eligible For An Education Credit?

28

Mar 2016

Are You Eligible For An Education Credit?

The American Opportunity Tax Credit and the Lifetime Learning Credit are the two educational credits available to those that pay for post secondary education. Those who qualify for either education credit must meet both of the following requirements: -You pay qualified education expenses for a higher education (or your spouse or a third party does) -You, yourself, or a listed dependent is a student enrolled…

Read More


Do I Actually Have To File Taxes?

15

Mar 2016

Do I Actually Have To File Taxes?

Have you ever asked yourself, do I really have to file taxes? The short answer, most often, is yes. The long answer may surprise you. There are a select few of us who actually don’t have to file taxes, and this is dependent on your age, your income level, and your filing status. Here’s how to know if you qualify… Use this guide below, courtesy…

Read More


Top 10 Red Flags That Trigger An Audit

04

Mar 2016

Top 10 Red Flags That Trigger An Audit

Let’s face it, none of us ever want to hear the words “IRS audit”. The good news is that the odds of being audited by the IRS are at the lowest levels in at least a decade. In fact, the probability of being audited for a median household income in the US dropped to less than 1% in 2014 versus 5.6% in 1993. The IRS…

Read More


Section 1244 And Everything That Goes With It

29

Feb 2016

Section 1244 And Everything That Goes With It

The Internal Revenue Code tactfully provides US taxpayers with specific forms of relief that are offered through various stipulations found within the code itself. One of these stipulations is section 1244, which allows individuals and partnerships to treat the losses sustained on the sale of small business stock as ordinary rather than capital losses. The difference between ordinary and capital losses is significant. Capital losses…

Read More


Do You Know The Difference Between An Employee And An Independent Contractor?

25

Feb 2016

Do You Know The Difference Between An Employee And An Independent Contractor?

It can get a little tricky sometimes in determining whether someone you consistently hire to perform services for your business is an employee or an independent contractor; not to mention keeping track of the difference in tax treatment between the two. Have no fear, Paragon is here to break it down for you! Employees are defined by the IRS as “anyone who performs services for…

Read More


Everything You Need To Know About Foreign Investors

11

Feb 2016

Everything You Need To Know About Foreign Investors

Typically, a foreign investor, in the eyes of the IRS, includes both nonresident aliens and foreign corporations looking to promote capital formation, employment, and productivity in an environment that is both economically and politically robust. A foreign investor can establish a branch in the United States pretty easily, as long as they obtain a license to do so. They must comply with the applicable state…

Read More


2016 Tax Season is Almost Here!

08

Jan 2016

2016 Tax Season is Almost Here!

  Happy New Year! Paragon Accountants would like to announce that the 2016 tax season is almost here. The IRS will begin accepting both paper and electronic returns on Tuesday, January 19th. This year the deadline to submit your 2015 tax return is Monday, April 18th. Before you rush to file your taxes, please make sure you have all your tax paperwork ready, such as…

Read More


How Should I File?

29

Dec 2015

How Should I File?

If you are married you have the option to file jointly or separately on your federal taxes- but which should you choose? While the IRS recommends that married couples file jointly, there are circumstances that may be a greater benefit to you if you file separate. Couples who file jointly have access to a lot of deductibles, instantly! By filing jointly, you and your spouse…

Read More


It’s Time to Give Thanks

24

Nov 2015

It’s Time to Give Thanks

This Thanksgiving, Paragon Accountants will be sponsoring a dinner for Urban Street Angels- a local nonprofit organization committed to helping homeless youth across San Diego. We encourage you to give what you can to make everyone’s holidays a little brighter. For more information on how you can contribute, please visit: https://urbanstreetangels.org/, or contact our office. Wishing you a warm and prosperous holiday! -The Paragon Team


Make the Most of Your Business Vehicle

04

Nov 2015

Make the Most of Your Business Vehicle

Do you use a vehicle to assist in running your business or are you thinking about doing so? There are many facts to consider when it comes to maximizing your tax credit. Read on to learn how you can make the most of your business vehicle! Will you be leasing or purchasing your vehicle? The biggest difference between leasing and purchasing your business vehicle is…

Read More



Page 3 of 812345...Last »