Contact Us

10568 Magnolia Ave, Suite 117, Anaheim, CA 92804

We Are  On The Corner Of Magnolia And Cerritos Next To Super King Market

Tel # 714-398-8379

Email: info@La-notary.net



If You Cant Make It To Our Office, Submit The Online Questionnaire

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RATES WITH FREE E-FILING

1040EZ $50 SINGLE WITH DEPENDENTS, $75

MARRIED, $85 (WITH UP TO 3 DEPENDENTS)

MARRIED SELF EMPLOYED $125 + (NO CORPORATIONS)

SINGLE SELF EMPLOYED $100 + (NO CORPORATIONS)

MARRIED WITH HOUSE $125

SINGLE WITH HOUSE $100

WE FILE BACK TAXES FROM 2001, $85

We also Prepare 1040NR Taxes.

ANY ADDITIONAL FORM $10 TO $35


2014 Tax Law Changes

2014 Tax Law Changes

Social security wage ceiling, The maximum amount of your earned income on which you pay Social Security tax is now $117,000. When you reach that amount with one employer, they should stop withholding Social Security tax from your pay until the following year. If you work for more than one employer, and your total earnings are more than $117,000, We will calculates a credit for any overpayment of Social Security taxes.

Foregn earned income exclusion, If you qualify, you can exclude up to $99,200 of your foreign earned income from your taxable income for 2014. If you and your spouse both work in a foreign country and meet the qualifications, you may each be able to exclude up to $99,200.

Adoption credit, You may qualify for a credit equal to up to $13,190 of your adoption expenses. If your employer provides adoption benefits, you may also be able to exclude up to the same amount from your income. Both a credit and exclusion may be claimed for the same adoption, but not for the same expense. The credit is now permanent and indexed to inflation.

Homeowners cancelled debt exclusion, The canceled debit exclusion provides tax relief on canceled debt for many homeowners involved in the mortgage foreclosure crisis. You may exclude up to $2,000,000 ($1,000,000 if married filing separately) of canceled qualified principal residence indebtness from taxable income.

Mortgage insurance premium, You may be able to deduct qualified mortgage insurance premiums, also known as private mortgage insurance (PMI), you paid on a home as an itemized deduction. This amount may be reported in Box 4 of Form 1098.

Standard deduction, The standard amount you can deduct from income if you don't itemize your deductions is $6,200 ($12,400 for married couples filing jointly, or $9,100 if you file as head of household).

Personal exemptions, The personal exemption for 2014 is $3,950, up from $3,900.

Alternative minimum tax, The Alternative Minimum Tax (AMT) exemption amount rises in 2014 to $52,800 ($82,100, for married couples filing jointly).

Earned income credit, If you have no children, your maximum Earned Income Credit for 2014 is $496. With two children, the maximum amount is $5,460, and with one child, it is $3,305. If you have three or more qualifying children, the maximum Credit you can receive for 2014 is $6,143 (up from $6,044 in 2013).

American opportunity tax credit, The American Opportunity Tax Credit expanded on the Hope Credit. The income limits are higher, the credit is available for more qualified expenses, and you can use the credit for four years of post-secondary education instead of just two. In addition, you can even get a refund if you don't owe any tax for up to 40% of the credit ($1,000).

Tuition expense deduction, You can still deduct tuition expenses as an adjustment to income, even if you don't itemize your deductions. You generally take the tuition expense deduction if you don't qualify for an education credit or other tax break for the same expenses.

The affordable care act- obama care, Changes for 2014 include the addition of the Health Insurance Premium Tax Credit (see below) and the Individual Shared Responsibility Provision. The majority of taxpayers will see minimal impact on their 2014 federal taxes. For more information, www.coveredca.com .

Health insurance premium credit, If individuals or families purchase health insurance through the Health Insurance Marketplace, they may qualify for the new Health Insurance Premium Tax Credit. To qualify for the credit, your household income must fall between 100 percent and 400 percent of the federal poverty line, you may not be claimed as a dependent on any other taxpayer's return, and (if married), you must file jointly. In the case of spousal abuse or abandonment, this requirement may be waived.

Standard mileage rates, The standard mileage rate for the use of your car or other vehicle dropped half a cent to 56 cents per mile for business and 23.5 cents per mile driven for medical or moving purposes. The rate for charitable travel remained the same at 14 cents per mile

Taxable or Non-Taxable Income

Taxable or Non-Taxable Income?

Although most income you receive is taxable and must be reported onyour federal income tax return, there are some instances when incomemay not be taxable.The IRS offers the following list of items that do not have to beincluded as taxable income:

  • Adoption expense reimbursements for qualifying expenses
  • Child support payments
  • Gifts, bequests and inheritances
  • Workers' compensation benefits (some exceptions may apply; see Publication 525, Taxable and Nontaxable Income)
  • Meals and lodging for the convenience of your employer
  • Compensatory damages awarded for physical injury or physical sickness
  • Welfare benefits
  • Cash rebates from a dealer or manufacturer

Some income may be taxable under certain circumstances, but nottaxable in other situations. Examples of items that may or may not beincluded in your taxable income are:

  • Life insurance If you surrender a life insurance policy for cash, you must include in income any proceeds that are more than thecost of the life insurance policy. Life insurance proceeds, whichwere paid to you because of the insured person’s death, aregenerally not taxable unless the policy was turned over to youfor a price.

 Scholarship or fellowship grant If you are a candidate for adegree, you can exclude from income amounts you receive as aqualified scholarship or fellowship. Amounts used for room andboard do not qualify for the exclusion. Non-cash income Taxable income may be in a form other thancash. One example of this is bartering, which is an exchange ofproperty or services. The fair market value of goods and servicesexchanged is fully taxable and must be included as income onForm 1040 of both parties.

All other items—including income such as wages, salaries, tips andunemployment compensation —are fully taxable and must beincluded in your income unless it is specifically excluded by law.These examples are not all-inclusive. For more information, seePublication 525, Taxable and Nontaxable Income, which can be obtained at the IRS.gov website.

Top Five Reasons

Top Five Reasons to E-file your Taxes

Are you still using the old school method of doing your taxes? Do you still mail paper forms to the IRS? If so, make this the year you switch to a much faster and safer way of filing your taxes. Join the nearly 126 million taxpayers who used IRS e-file to file their taxes last year. Here are the top five reasons why you should file electronically too:

1. Accurate and easy. IRS e-file is the best way to file an accurate tax return. The tax software that you use to e-file helps avoid mistakes by doing the math for you. It guides you every step of the way as you do your taxes. IRS e-file can also help with the new health care law tax provisions. The bottom line is that e-file is much easier than doing your taxes by hand and mailing paper tax forms.

2. Convenient options. You can buy commercial tax software to e-file or ask your tax preparer to e-file your tax return. You can also e-file through IRS Free File, the free tax preparation and e-file program available only on IRS.gov. You may qualify to have your taxes filed through the IRS Volunteer Income Tax Assistance or Tax Counseling for the Elderly programs. In general, VITA offers free tax preparation and e-file if you earned $53,000 or less. TCE offers help primarily to people who are age 60 or older.

3. Safe and secure. IRS e-file meets strict security guidelines. It uses secure encryption technology to protect your tax return. The IRS has safely and securely processed more than 1.3 billion e-filed tax returns from individuals since the program began.

4. Faster refunds. In most cases you get your refund faster when you e-file. That’s because there is nothing to mail and your return is virtually free of mistakes. The fastest way to get your refund is to combine e-file with direct deposit into your bank account. The IRS issues most refunds in less than 21 days.

5. Payment flexibility. If you owe taxes, you can e-file early and set up an automatic payment on any day until the April 15 due date. You can pay electronically from your bank account. You can also pay by check, money order, debit or credit card. Visit IRS.gov/payments for more information.


WE ARE INSURED AND BONDED TAX PROFESSIONALS, CERTIFIED BY THE CALIFORNIA DEPARTMENT OF "CTEC".

CALL US FOR ALL YOUR TAX NEEDS, WE PREPARE AND FILE YOUR PRESENT AND PAST TAX RETURNS.

WE WILL SUBMIT YOUR TAXES ELECTRONICALLY, EFILE, FREE.

WE ALSO PROVIDE ON SITE NOTARY AND INSURANCE SERVICES, SINCE 2002, FOR AUTO, HOME AND BUSINESS INSURANCE.



OUR RATES ARE LOWER THEN THOSE TAX BUSINESSES, FAST TAX, ACCURATE TAX, RAPID TAX, E TAX, HR BLOCK, JACKSON HEWITT, LIBERTY TAX, TAX OFFICE



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