This Week in Consumer
Arlene Al-os , CPA, MBA
Sy Al-os Accountancy Corporation provides accounting and tax services to individuals, corporations, LLCs and business entities. The Firm has a niche in defending taxpayers audited by the IRS and other governmental agencies. The firm celebrates its 38th anniversary in 2015.
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Victor Santos Sy graduated Cum Laude from UE with a BBA and from Indiana State University with an MBA. Vic worked with SyCip, Gorres, Velayo (SGV - Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation in 704 Mira Monte Place, Pasadena, CA 91101. He has 50 years of experience in accounting, consulting, and tax work.
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The Firm proudly welcomes Arlene Al-os in 2015. She obtained her bachelors of Science in Accountancy from Mindanao State University and MBA from Ateneo de Manila University. She teaches intermediate accounting at UCLA and was a professor of Economics at Asia Pacific College. She has over 15 years of experience including member firms of KPMG and BDO Seidman accounting firms.
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Our readers may call (626) 744-0200 or email tax questions to email@example.com. Please visit our website for about 300 tax tips at www.victorsycpa.com.
1. What is New? Same sex marriages are considered the same as couples of opposite sex marriages for Federal tax purposes. On the other hand, other relationships that are not considered marriage under state law are not considered marriage for … Continue reading →
April 19, 2017
ESTATE and gift tax basics • Form 706 must be filed: 1) To elect portability regardless of the size of estate, to transfer deceased spouse unused exemption (DSUE) to surviving spouse; 2) Gross estate plus adjusted taxable gifts and specific … Continue reading →
April 11, 2017
Customer Service Dashboard: The goal is provide tools and resources in resolving tax matters. The “Customer Service Dashboard” was launched in March 1, 2017 with estimated time frames for your wait time. For more information go to: https://www.ftb.ca.gov Deductions for … Continue reading →
March 29, 2017
It is not a good business practice to pay cash for wages. Issues when paying employees cash 1. You are exposed to income tax audits of both agencies federal and state for not reporting the wages. 2. You have the … Continue reading →
March 22, 2017
WE discussed previously the requirement for consistent basis reporting between the person receiving the property and the decedent’s estate. Applicability of filing requirements for US Citizens for transfer certificate. 1. Citizen of the US including with dual citizenship upon death … Continue reading →