9 Questions For California Taxpayers To Consider for Tax Planning

I wanted to put this on your radar before the next few weeks, when (apparently) our nation (and perhaps even our little village of California) will be going down in flames.

If we are to believe either/both sides of this nasty election, if Trump/Clinton steals/wins/loses the election, then we will have chaos/civil-war/armageddon and life/politics/Facebook as we know it will be coming to an end.

However, before all of that turmoil and during this season of relative calm, let’s you and I — yes, YOU, the California taxpayer looking for the best tax professional — make a plan for your 2016 taxes that will set you up for longterm success. In fact, there may be a few moves we can make that can help your tax hit before we’re forced into “reaction mode” — which is the only mode out of which after-the-fact tax work can be done.

So I’d like to change that paradigm for you by having you answer a few short questions for me…

(The best thing to do is to cut and paste these questions into an email and send them to my Team Ornelas office using the email address on our site.)
1) Have you had a significant change in your wage income this year?

<Put YOUR answer here in your email>

2) Have you taken capital gains or losses this year? Are you planning to?

<Put YOUR answer here in your email>

3) Did you start or sell a business in the California Area (or outside) this year?

BONUS QUESTION: Do you know anyone who did, that would like input on their tax situation?

<Put YOUR answer here in your email>

4) Did you purchase real estate?

<Put YOUR answer here in your email>

5) Did you make your full contributions to retirement accounts?

<Put YOUR answer here in your email>

6) Have you considered a Roth IRA?

<Put YOUR answer here in your email>

7) Did you withdraw from retirement accounts, and for what purpose?

<Put YOUR answer here in your email>

**8) Have you sent your family and friends our way — and, if not, is there something which we can help you with to make this easier?

<Put YOUR answer here in your email>

9) Are there any other tax or financial (or other) issues you think we should know about?

<Put YOUR answer here in your email>

Now — your answers to these questions form the “tip of the iceberg”, and they will help us to know which direction to take as we work with you over the next two months to prepare for year-end. With your permission, we’ll contact you back, as appropriate, and set up a time to discuss them further with you, whether by phone or other method.

I hope to see you in here soon.

Warmly,

Jim and Mike Ornelas

(916) 481-0584

Ornelas & Associates

 

Jim Ornelas9 Questions For California Taxpayers To Consider for Tax Planning