3501 Tully Road Suite B • Modesto CA 95356
(209) 526-3091 • (209) 526-2287

Changes in the 2017 Tax Return Filing Season

on February 08, 2017

Each spring, Americans remember – at some point – that it’s tax season and that their tax return needs to be filed. The official deadline for your federal income tax return is April 15th – but that can shift on occasion, for example if it falls on a holiday or weekend.

New Overtime Ruling

on June 23, 2016

Back in 2014, President Obama directed the Secretary of Labor to update the overtime regulations to better reflect the Fair Labor Standards Act. This update should also simplify and modernize the rules so they’re easier to follow and understand. Recently, the Department of Labor issued its final rule that will potentially put more money in the pockets of middle class workers.

Where's My Refund?

on February 08, 2016

With tax season slowly underway and the average tax refund being around $2,957*, we are often asked “Where’s my refund?”

We know that you work hard for your money and, oftentimes, a tax refund may be the biggest check you get all year or the one you wait on to go on that vacation to Hawaii. Here is what happens after the e-file button is pushed and how to check the status of your tax refund.

The Form 1095

on December 29, 2015

During tax times, we are bombarded with lots of numbers and letters referring to different forms we may need. The most common, or well known, are most likely the Form 1040 and W-2. The one form that a large portion of taxpayers will be getting to know is Form 1095 and its various versions. The IRS recently released final regulations concerning these information returns.

60 Days - The Rule for Retirement Plan Rollovers

on November 04, 2015

Important for any rollover distribution is the 60-day rule. To rollover a retirement plan means depositing the amount distributed from one retirement plan and depositing those funds into another plan or IRA. If this is done within 60 days, the distribution will be considered rolled over.

New Tax Law to Double Fines

on September 08, 2015

The Trade Preferences Extension Act of 2015 was signed into law at the end of June 2015.

Learn more about what this could mean for your business.

What To Do In the Case of a Fraudulent Return

on August 28, 2015

Identity theft is an unfortunate reality.

According to the Wall Street Journal, over 800 million individual records have been stolen through major information breaches in the past three years, e.g. when databases such as Target or Anthem were compromised. With these numbers, every individual in the U.S. could have had their information stolen 2.5 times.

What happens when this information turns into a fraudulent return? Read on for more info!

Where's my refund? Why is the amount different?

on August 03, 2015

Each year, about 80% of the almost 150 million total tax filers get a refund.

Millions of these taxpayers are surprised when their refund is less than expected, delayed or never comes at all. Here are some of the common reasons why the IRS changes, holds or takes refunds.

Unpleasant Tax Surprises for Some ACA Healthcare Enrollees

on July 06, 2015

Many classify the Affordable Care Act (ACA) as a health care law and that’s that.

Truth be told, the ACA is just as much a tax law as it is healthcare reform law.

Whether you call it the Affordable Care Act or Obamacare (they are the same thing), the law has stirred up all kinds of controversy – notably, marketplace enrollees who pre-qualified for subsidies applied against their monthly insurance premiums.

2015 Quick Reference Tax Guide

on July 16, 2015

Need a quick reference guide for 2015 tax deductions and limits?

The following guide includes many of the most important federal tax amounts for 2015.

Clendenin Bird & Company, PC
3501 Tully Road Suite B • Modesto CA 95356
(209) 526-3091 • (209) 526-2287