Walloch & Associates
A firm specializing in taxation in Redlands, California
Blog
June 28, 2010
Proposed Legislation: American Jobs & Closing Tax Loopholes Act
Oh boy! More new taxes and more new tax bills are on their way in 2010 just for you the American taxpayer.
Congress is struggling with what to do about the Federal Estate Tax, the Alternative Minimum Tax and the extension of expiring tax provisions.
Proposed tax legislation currently being considered by Congress is entitled the “American Jobs & Closing Tax Loopholes Act of 2010”.
Both the House of Representatives as well as the Senate have slightly differing versions of this proposed legislation.
May 21, 2010
The Health Care Act - A Direct Assault on Seniors
The new Health Care Act is a direct assault on seniors. Barack Obama stated that “The chronically ill and those toward the end of their lives are accounting for potentially 80 percent of the total health- care bill out here.”
The problem is his perception of “those toward the end of their lives”. It seems that seniors and “baby boomers” are included in his “end of their lives” targets. One is reminded of the movie “Logan’s Run” in which those reaching age 30 were deemed to be at “the end of their lives”.
April 1, 2010
Tax Day April 15: Just Around the Corner!
The deadline looms for filing your 2009 Federal and California income tax returns. They are due on Thursday, April 15, 2010, along with any balance due.
If you are unable to file your 2009 federal income tax return by April 15 you can now request an automatic six-month extension of time to file your tax return until October 15, 2010 by filing Form 4868. You do not need a reason for the extension nor a signature on Form 4868 which must be filed on or before April 15.
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About us
Joseph W. Walloch, CPA, MBA, MBT
1190 West Sunset Drive
Redlands, CA 92373
Walloch & Associates services include: Income Tax Planning, Estate Planning, Expert Witness and Litigation Support, Representation in IRS Audits, Second Opinion Service, and Teaching Services.
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