We stay abreast of changes in the tax laws, tax court decisions, and revenue rulings that affect our clients’ taxes
Corte Madera, CA (PRWEB) October 06, 2011
In 2007, the California Senate passed SB 1827, which requires registered domestic partners to file their tax returns jointly as a married couple. Although California was progressive on this topic, the IRS remained adamant that domestic partners continue to file their federal returns separately. As the end of the year approaches, ProActive Tax Solutions a Bay Area tax audit company announces they offer advice and explains how this works so couples can plan accordingly.
That was until spring of 2010 when the IRS changed the requirements. While they still required domestic partners to file separately they said that the community property income of the couple must be split 50 percent on each spouse’s tax return.
This change became retroactive for the 2007 tax year so some domestic couples may be eligible for a tax refund from the years 2007 through 2010. Filing an amended tax return can result in a significant savings because some of the partners’ income may fall under a lower tax bracket, but time is running out for the 2007 tax year.
ProActive Tax Solutions is experienced with the laws that affect registered domestic partners and their taxes, and they can offer their expertise to amend returns from previous years, including getting 2007 amended before the October 15 deadline. Taxes for the year 2008 and beyond can still be amended after that date, however.
“We stay abreast of changes in the tax laws, tax court decisions, and revenue rulings that affect our clients’ taxes. We have studied the changes for registered domestic partners because many of our clients are registered domestic partners. We really care about those partnerships,” says Georgia Rogers, President of ProActive Tax Solutions.
For more information on Bay Area ProActive Tax Solutions’ tax preparation, consultation on an IRS audit, and other services, call (415) 413-3473 or visit them online at http://www.proactivetaxsolutions.com. Proactive Tax Solutions is located at 5768 Paradise Drive Corte Madera, CA 94925 and they have a second location in San Francisco.
About ProActive Tax Solutions
Georgia Rogers, President of ProActive Tax Solutions, has been preparing tax returns for more than 18 years. She also provides accounting and strategic and tax planning support to small businesses. Licensed by the IRS, she can represent clients during a tax audit and provides representation before the FTB, SBE, and EDD. ProActive Tax Solutions go beyond tax compliance and proactively recommend tax saving strategies to maximize their client’s after-tax income.