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Mission Statement

Our mission is to help our clients achieve their objectives by providing the highest quality accounting, audit, tax and related financial and insurance services. We appreciate that awareness and personal attention to every client are critical to our shared success. We incessantly strive to provide exceptional, industry specific services while promoting our clients and a dynamic work environment that is rewarding professionally and personally for all our clients and employees.

Principles Statement

To achieve our mission and goals, everyone at The NestEggg Group, EgggsAct Tax & NestEggg Investment Advisors share the same core values:

  • Trustworthiness and Integrity – Meet our professional responsibilities in an ethical and fair manner
  • Superiority – Provide services of the highest quality to our clients that consistently exceed their expectations
  • Professionalism and Familiarity ‐ Ensure that our partners and staff are continually learning, growing, and are recognized as front-runners in their fields
  • Poise and Detail – Treat every individual and relationship with dignity and respect
  • Culture – Sustain a professional work environment where our culture promotes the importance of staff development, career advancement, and work-life balance
  • Community and Philanthropy – Support the communities in which we live, work and play with our combined human and economic resources
From our blog...

"Canvas Capitol Hill on any given day and you'll run into hundreds of lobbyists. But Michael Correia is one of a kind," reports CBS News about the 'One-man marijuana lobby takes on Capitol Hill'  "He is the first full time lobbyist for the growing marijuana industry...'I'm just a Capitol Hill vet like most Capitol Hill people,'" Correia said.

Sunday, 03 May 2015 15:34

How to Avoid an IRS Tax Audit!

When you're preparing your taxes, keep in mind that certain claims may raise a red flag!

Writes the video's creator, "To test if people function better drunk or stoned, I got really drunk one night and then really high on another night and made this video."

"The IRS estimates that it sent out nearly three million fraudulent refunds to con artists last year. And according to a new report from the Government Accountability Office out tomorrow, it cost tax payers $5.2 billion. The Treasury Department believes the numbers are much higher than that. Proving once again, what every con man already knows: there is no underestimating the general dysfunction and incompetence of government bureaucracy," CBS News reports.  They continue, "This is how it works. Someone steals your identity, files a bogus tax return in your name before you do and collects a refund check from the IRS. It's so simple, you would think it would never work, but it does. It's been around since 2008, and you'd think the IRS would have come up with a way to stop it, it hasn't. Instead the scam has gone viral, tripling in the past three years."

Watch the video above.

EgggsActTax, Inc. (a division of The NestEggg Group, Inc.) provides professional tax services to corporations, small to medium sized businesses, trusts, estates, tax exempt organizations and individuals. They like to take a personal approach with each of our clients – to get to know each one to develop an understanding of the special concerns and situations affecting the present, and possibly the future.

They offer the following services:

  • Tax preparation and filing
  • Representation with the IRS and state taxing agencies:
  • Audits
  • Filing prior years' tax returns
  • Settling liens, levies, wage garnishments, property seizures, bankruptcy
  • Payment plans, offers in compromise, innocent spouse relief
  • Retrieval of prior period tax records
  • Tax Resolution
  • Tax Planning

They take great satisfaction in the help they provide their clients. They are friendly, open and approachable – and always nonjudgmental. Quick response, a perfect work product, and great service are the keys to their success and to their clients' successes.

To maintain the high standards we demand of themselves, they use the most up-to-date tax preparation technology, and they maintain their expansive knowledge base of current and proposed tax regulations.

Their friendly, licensed & certified tax specialists, Enrolled Agents and CPA assistance helps them to focus on current and new tax laws. All tax returns are automatically checked for accuracy by software designed specifically for the return type. Completed returns are then reviewed by a company principle and if necessary forwarded to a "CPA Affiliate" before meeting with the taxpayer for review and to ensure the taxpayer understands all aspects of the returns prior to its filing. At EgggsActTax, Inc. we know how busy your schedule is and can arrange to handle your taxes without even having you step into any of their 5 convenient offices.

Contact the Palm Springs and Palm Desert offices of EgggsActTax, Inc. at this link.

Alex Davies writes for Wired, "What's most surprising about the survey isn't that so many people are interested in this technology, but why they're interested."  He continues, "The leading reason people are considering semi-autonomous vehicles isn't greater safety, improved fuel efficiency, or increased productivity—the upsides most frequently associated with the technology. Such things were a factor, but the biggest appeal is lower insurance costs. Safety was the leading reason people were interested in a fully autonomous ride, with cheaper insurance costs in second place. (Reasons not to want a robo-ride include fear of hacking, distrust of the technology, and good old love of driving.)"

The San Francisco Chronicle's Mason Tvert writes, "We're not just ending prohibition, we're replacing it. The focus should not only be on removing penalties and allowing adults to use marijuana. Equal, if not more, attention must be paid to how this now-legal product will be produced, distributed, regulated and taxed. Care must be taken to ensure this freshly legitimized industry is not only kept in check, but also able to function and meet the needs of consumers. If it's too difficult for businesses to operate in a legal market, criminals will pick up the slack in the underground market."

Have you found that you made an error on your federal tax return? If so, you may need to file an amended return. Here are ten tips that can help you file.

 

1. Tax form to amend your return. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct your tax return. You must file a paper Form 1040X; it can't be e-filed. You can get the form on IRS.gov/forms at any time. See the Form 1040X instructions for the address where you should mail your form.

2. Amend to correct errors. You should file an amended tax return to correct errors or make changes to your original tax return. For example, you should amend to change your filing status, or to correct your income, deductions or credits.

3. Don't amend for math errors, missing forms. You normally don't need to file an amended return to correct math errors. The IRS will automatically correct those for you. Also, do not file an amended return if you forgot to attach tax forms, such as a Form W-2 or a schedule. The IRS will mail you a request for them in most cases.

4. Most taxpayers don't need to amend to correct Form 1095-A, Health Insurance Marketplace Statement, errors. Eligible taxpayers who filed a 2014 tax return and claimed a premium tax credit using incorrect information from either the federally-facilitated or a state-based Health Insurance Marketplace, generally do not have to file an amended return regardless of the nature of the error, even if additional taxes would be owed. The IRS may contact you to ask for a copy of your corrected Form 1095-A to verify the information.

5. Time limit to claim a refund. You usually have three years from the date you filed your original tax return to file Form 1040X to claim a refund. You can file it within two years from the date you paid the tax, if that date is later. That means the last day for most people to file a 2011 claim for a refund is April 15, 2015. See the Form 1040X instructions for special rules that apply to some claims.

6. Separate forms for each year. If you are amending more than one tax return, prepare a 1040X for each year. You should mail each year in separate envelopes. Note the tax year of the return you are amending at the top of Form 1040X. Check the form's instructions for where to mail your return.

7. Attach other forms with changes. If you use other IRS forms or schedules to make changes, make sure to attach them to your Form 1040X.

8. When to file for second refund. If you are due a refund from your original return, wait to get that refund before filing Form 1040X to claim an additional refund. Amended returns take up to 16 weeks to process. You may spend your original refund while you wait for any additional refund.

9. Pay added tax as soon as you can. If you owe more tax, file your Form 1040X and pay the tax as soon as you can. This will stop added interest and penalties. Use IRS Direct Pay to pay your tax directly from your checking or savings account.

10. Track your amended return. You can track the status of your amended tax return three weeks after you file with 'Where's My Amended Return?' This tool is on IRS.gov or by phone at 866-464-2050. It is available in English and in Spanish. The tool can track the status of an amended return for the current year and up to three years back. To use 'Where's My Amended Return?' enter your taxpayer identification number, which is usually your Social Security number. You will also enter your date of birth and zip code. If you have filed amended returns for multiple years, you can check each year one at a time.

EgggsActTax, Inc. (a division of The NestEggg Group, Inc.) provides professional tax services to corporations, small to medium sized businesses, trusts, estates, tax exempt organizations and individuals. They like to take a personal approach with each of our clients – to get to know each one to develop an understanding of the special concerns and situations affecting the present, and possibly the future.

They offer the following services:

  • Tax preparation and filing
  • Representation with the IRS and state taxing agencies:
  • Audits
  • Filing prior years' tax returns
  • Settling liens, levies, wage garnishments, property seizures, bankruptcy
  • Payment plans, offers in compromise, innocent spouse relief
  • Retrieval of prior period tax records
  • Tax Resolution
  • Tax Planning

They take great satisfaction in the help they provide their clients. They are friendly, open and approachable – and always nonjudgmental. Quick response, a perfect work product, and great service are the keys to their success and to their clients' successes.

To maintain the high standards we demand of themselves, they use the most up-to-date tax preparation technology, and they maintain their expansive knowledge base of current and proposed tax regulations.

Their friendly, licensed & certified tax specialists, Enrolled Agents and CPA assistance helps them to focus on current and new tax laws. All tax returns are automatically checked for accuracy by software designed specifically for the return type. Completed returns are then reviewed by a company principle and if necessary forwarded to a "CPA Affiliate" before meeting with the taxpayer for review and to ensure the taxpayer understands all aspects of the returns prior to its filing. At EgggsActTax, Inc. we know how busy your schedule is and can arrange to handle your taxes without even having you step into any of their 5 convenient offices.

Contact the Palm Springs and Palm Desert offices of EgggsActTax, Inc. at this link.

 

Jeff Bucher of The Pasadena Citizen writes, "On the surface, when people think of an investment advisor, financial planner or retirement planner, what they think of is someone that's going to assist them with making the selections of their stocks, bonds and mutual funds. As you transition into the retirement stage there are many other important areas of retirement that also need to be considered. Selecting the right retirement guide that will be able to help in all of these areas is crucial for you to have a fulfilling retirement."

Did you catch the CNN Original Series "High Profits" following the lives of two marijuana entrepreneurs?  We've got a link to the whole episode!  High Profits follows Brian Rogers and Caitlin McGuire: two business-minded, relentless visionaries with a plan unlike any other – to franchise marijuana. The eight-part hour-long series produced by Bat Bridge Entertainment, grants viewers exclusive access to the couple poised to be the first ever "moguls of marijuana."

Isaac M. O'Bannon, Managing Editor of AccountantsWorld.com, reports "The average cost of a professional income tax preparer to handle a "typical" 2014 tax return (the one filed by April 15, 2015) was $273 this year. This includes an itemized Form 1040 with Schedule A and a state tax return, according to the National Society of Accountants (NSA). Fees vary by region, as well as by the complexity of the return being filed.  This is a 4.6 percent increase over the average fee last year, which was $261. It is an 11 percent increase from two years ago – the last time the survey was conducted. See the infographic of the survey highlights below.  The average cost to prepare a Form 1040 and state return without itemized deductions was $159 this year, also a 4.6 percent increase over the average fee last year, which was $152. This is an 11.2 percent increase from two years ago.".

CNN's Sanjay Gupta writes, "Over the last year, I have been working on a new documentary called "Weed." The title "Weed" may sound cavalier, but the content is not.  I traveled around the world to interview medical leaders, experts, growers and patients. I spoke candidly to them, asking tough questions. What I found was stunning."

If you are a cannabis entrepreneur, here's some important information about...

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