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Trump Administration OutlinesNew Tax Proposal

Here’s what we know so far about the president’s tax proposal. Lower Individual Income Tax Rates Re- ducing the number of tax brackets from seven to three for individuals, which would be set at 10%, 25% and 33%. Today’s rates are 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. Much Lower Business Rates Slash the […]

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Where are All the Taxpayers?

Total individual tax returns received by the Internal Revenue Service. Delay in Getting Refund This year, early filers saw a slight delay in their tax refund. According to the IRS, the Protecting Americans from Tax Hikes (PATH) Act mandated the IRS hold refunds on tax returns claiming the Earned Income Tax Credit (EITC) or the […]

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Business Audit Seminar Draws Close to 100

Exact Tax Inc., in partnership with AAEDE (Asian American Economic Development Enterprise), held its first Business Audit Seminar on Friday, October 7th at Almansor Court in Alhambra. The seminar drew close to 100 attendees to learn how to protect yourself in the event of a tax audit. Assemblyman Ed Chau shared the opening remarks followed […]

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