Tag Archives: Taxes

New Services Larry Hurt income Tax Services

Moreno Valley, CA, USA, 2019-Mar-12 — /REAL TIME PRESS RELEASE/ — Over 49 years preparing taxes for individuals and small businesses, able to assist individuals in the cryptocurrency business with their tax preparation(s), 16 years as a Notary and 8 years as a Signing Agent.

Experienced Owner with a demonstrated history of working in the consumer services industry. Skilled in Nonprofit Organizations, Budgeting, Business Planning, Microsoft Word, and Coaching. Strong entrepreneurship professional with a Master Degree focused in Human Resources Management/Personnel Administration, General from Golden Gate University.

I also severed 23 years in the US Air Force. For 22 years as an additional duty, I severed as the Unit Non-Commission Officer Tax Representative. My job was to assist military and civilian personnel assigned to the Base, helping or completing their Tax returns and answer tax questions. During tax season, I spent 4 hours on Saturday at the Base Legal Office assisting people with their tax returns. After retiring in 1991, I continued doing taxes and opened my own business.

My tax specialties are Individuals, Small Businesses, S Corporations, Nonprofit Organizations, Tax Planning, Uber, Lyft and CryptoCurrency. Thank you.

To learn more go to https://larrykhurtincometaxservices.nicbuilder

Larry K Hurt
13038 Pavillion Ct.
Moreno Valley, CA
Home Phone 951-653-2794
Fax 951-653-2794

DeYoe Wealth Management Advises Clients to Prepare Now for End of Bush Tax Cuts

Berkeley-based Financial Advisor Offers Concrete Strategies To Minimize Negative Impact from Pending Loss of Tax Incentives.

BERKELEY, Calif – April 14, 2012 — Jonathan K. DeYoe of DeYoe Wealth Management cautions that planning ahead to address 2012 taxes is just as important as filing 2011 return by April 17. DeYoe is advising his firm’s clients to begin preparing immediately for the end of the Bush Tax Cuts.

Bush signed a number of tax cuts into law in 2001 & 2003 that were extended after a very contentious debate on the congressional floor in 2010. Once they complete their 2011 taxes, DeYoe recommends to his clients that they immediately begin their tax planning for 2012 and beyond, a time without the Bush-era tax incentives.

“Once someone receives a benefit, it is very hard to take it away,” said DeYoe. “Unfortunately, given the state of our federal budgets, I think it’s highly unlikely we’ll see a continuation of the Bush tax cuts after the end of this year. Spending must come down and tax rates must go up.”

DeYoe recommends that his clients discuss the following strategies with their financial advisor or accountant:

1. No one knows for sure where income tax rates are going, but unless Congress acts with new legislation, both income & investment taxes will increase in 2013. To ease into these tax increases, the first thing taxpayers can do is to accelerate income into 2012. For example, if they are expecting a year-end bonus from their employer, ask to be paid no later than December 31, 2012. If they are a small business owner, taking more income in 2012 and less in 2013. At the same time, defer as many deductions as possible into 2013. If a business can wait to purchase that new equipment or remodel an office until next year, it might be a good idea to do so.

2. To make sure taxpayers are not caught short of cash come tax time next year, review federal and state withholding exemptions now. Should tax rates spike, it will probably be a lot easier to pay a little bit of that tax every month this year rather than having to come up with a large lump sum at tax time in 2013.

3. Once the Bush tax cuts expire, taxpayers can expect that taxes will consume a larger share of all future investment returns. However, investors probably won’t see an even increase across the board. For example, taxes on capital gains could go from 15 percent to 20 percent (a 33 percent increase) while taxes on qualified dividends might go from 15 percent to 40 percent (a 164 percent increase). Since the tax changes will affect total return based on the type of assets held, this is definitely worth discussing with a financial planner or investment advisor. Everyone should review their asset allocation together and reduce the “expected” returns built into their financial plan.

4. If investors have large gains in their current portfolios or have company stock options they’ve been waiting to exercise, 2012 might be a better year to recognize those gains rather than giving up more of those gains to taxes in 2013.

5. Finally, the estate and gift tax exemption is slated to drop from $5 million to $1 million in 2013. This estate and gift tax exemption may be the single best tax management opportunity for large estates in the tax code today. Anyone with a large estate should talk to a CPA, attorney and financial advisor about taking advantage of the gifting portion of this benefit before it disappears.

“The clock is ticking,” said DeYoe. “Our recent history tells us that Congress, especially one as divided and contentious as this one, is unpredictable. We can wish that they come together, but a wish is not a plan. We must consider and act upon the reality of coming tax increases at all levels of income.”

About DeYoe Wealth Management
Based in Berkeley, California, DeYoe Wealth Management is passionate about helping clients pursue financial independence on their terms. The firm offers access to comprehensive financial services, including customized asset management, holistic financial planning, and insurance solutions tailed to meet the needs of our clients and their families. Our objective is to help our clients maximize their Happiness Dividend, working towards financial independence while realizing their dreams. DeYoe Wealth Management uses a six-step process to make sure our clients’ investment strategies keep pace with their changing lifestyle, planning for current needs and future goals. For more information, visit http://www.deyoewealthmanagement.com.


Jonathan K. DeYoe is not a CPA. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations to any individual.

Jonathan K. DeYoe, AIF® & CPWA® is a registered principal with and securities and advisory services offered through LPL Financial, a Registered Investment Advisor – Member FINRA/SIPC.

Nancy Wright Cooper
DeYoe Wealth Management
(510) 848-0012, ext. 103

Tom Woolf
Woolf Media & Marketing
(415) 259-5638

New Report Describes Poor Quality Tax Preparation In New Mexico

LONGMONT, Colorado (May 6, 2011) – Between February 1 and April 18, 2011, First Nations Development Institute conducted 12 “mystery shopper” tests of paid tax preparers in New Mexico. These mystery shopper tests were conducted in communities with a high Native American population and close to Indian reservations. First Nations visited tax preparer sites in Gallup, Grants, Bernalillo, Farmington, and Albuquerque, New Mexico. The goal of the work was to assess the quality of tax preparation services and to test the hypothesis that the tax preparation firms are steering people toward expensive products, such as Refund Anticipation Loans or Refund Anticipation Checks.

This research uncovered several problems with inaccurate, unethical, or unprofessional behavior on the part of tax preparers. “In our small sample of mystery shoppers, it was shocking what we uncovered,” stated Shawn Spruce, a financial education consultant for First Nations. Spruce also shared,“Unfortunately, the companies that our mystery shoppers visited did a poor job preparing even basic tax returns and could have exposed them to serious tax liability. In general, we were startled by the low quality service and the fact that two of these companies automatically signed our shoppers up for expensive Refund Anticipation Checks, even though they could have directly deposited their tax returns into their own bank accounts.”

Michael E. Roberts, president of First Nations Development Institute, stressed the importance of conducting the mystery shopper tests and resulting research on tax preparers.

“This research reinforces what other studies have found,” stated Roberts. “There is a great need for better regulation of tax preparers so that low-income people can hold on to their hard earned tax refunds and avoid expensive and predatory products like Refund Anticipation Checks. It is unfortunate that tax time serves as an opportunity to exploit Native American taxpayers through high fees and unnecessary products that take money out of taxpayers’ pockets.”

On May 4, 2011, Spruce presented the findings in Tax Time Troubles, a First Nations Development Institute report that provides details about predatory, unprofessional, and inaccurate tax preparation firms serving often low income communities in New Mexico. Spruce was the evening keynote speaker at the Effective Asset Building Strategies in New Mexico conference being held at the Indian Pueblo Cultural Center in Albuquerque, New Mexico. This conference was sponsored by Prosperity Works, a nonprofit organization that works to reduce the impact of predatory lending and whose mission is to ensure that every New Mexican has the opportunity, knowledge and relationships to achieve economic prosperity.

For more information about the research report Tax Time Troubles, visit First Nations Development Institute’s website at www.firstnations.org.


Sarah Dewees, Senior Director of Research, Policy, and Asset-Building Programs
First Nations Development Institute
2217 Princess Anne Street, Suite 111-1
Fredericksburg, VA 22401