FAQs
Home / FAQs
Frequently Asked Questions
-
Does my child need to file a tax return?Open or Close
Only if she has Earned Income greater than $6,200, or Unearned Income (interest, dividends, capital gains), or she has self-employment income greater than $600. However you may want to file to get a refund for tax withheld.
-
What is the maximum I can donate to my 401(k) in 2014?Open or Close
$17,500 if you are under age 50, $23,000 if you are over 50 year of age.
-
What retirement plans can I use? Open or Close
401(k) if you have the option at work. A traditional or Roth IRA. If you have your own business you can have a SEP, a Uni(k) or even a Defined Benefit Pension Plan.
-
Can I file single, even though I'm married?Open or Close
No. If you are married you can either file Married Filing Jointly or Married Filing Separately. Your filing status is determined by your marital status on December 31 of the tax year.
- Where's my Federal refund?Open or Close
- Where's my California refund?Open or Close
- Make a Federal Tax PaymentOpen or Close
- Make a California Tax PaymentOpen or Close
- How much can I deduct for donating my clothes, electronics, books, etc.?Open or Close
I have been a client of Gerry's for over 20 years. His is a small office so I am always recognized
when I call and I get an appointment quickly. Gerry makes me feel that I am his only client; he does not rush through the tax interview.
He takes time to review my situation in detail and is very patient in explaining the tax law and how it affects me. I have come to think
of Gerry as a trusted advisor on all financial matters, and considering the care and thoroughness his prices are quite reasonable.
I can't say enough good things about my experience with Gerry. He has gone "above and beyond" to answer
my personal and business tax and accounting questions. I would highly recommend that you contact him for all your accounting, and tax return needs.
