Lower My Tax Now Blog

Tax Traps For Businesses’ Failure To File A Return

Do you have an existing business or were issued a 1099 but you decided to ignore it and not report or file any tax returns?

Hello, this is Noel Dalmacio, your ultimate CPA at LowerMyTaxNow.

The Franchise Tax Board (FTB) sent letters to over 41,000 California businesses that have not filed…

If I Buy A Second Home in Nevada, Can I Claim Nevada As My Resident State

Here’s a tax question I got from one of my clients: “I’m paying almost 10% CA income tax. If I buy a second home in Nevada, can I claim Nevada as my resident state?”

Great question!

Hello, this is Noel Dalmacio, your ultimate CPA at LowerMyTaxNow.

You know what she’s trying…

Tax Strategies When Renting Out Your Home During Summertime

Are you planning to rent out your home this summer? You see, summertime is the time of the year when people usually want to rent out their property. But before you jump and do it, there are some tax issues that you need to be aware of.

Hello, this is…

How To Take Advantage Of The Roth IRA Backdoor Contribution

Are you making more than the income limit to allow you to fund your Roth IRA? And after applying various strategies to lower your income, you are still above the income limit. So what do you do?

Hello, this is Noel Dalmacio, your ultimate CPA at LowerMyTaxNow.

When…