Prime Path Financial, Inc.

07/03/2026

04/06/2026

Extending only extends the filing of your return. Any balance due is still due 4/15/26.

If your extension shows no balance due and you later owe, the IRS can invalidate the extension. See a professional to estimate your balance due and pay by 4/15/26.

04/05/2026

12/20/2025

Our office will be closed beginning Tuesday, December 23 to allow our staff time with their families for the holidays.

We will reopen Monday, January 5th, ready for tax season!

07/24/2025

More IRS notices sent in error...

There has been a rash of taxpayers receiving a notice from the IRS the last few weeks labeled CP59SN. In this notice, it says the IRS does not have a tax return on file for 2024, even though the taxpayer has a valid extension allowing them until October 15,2025 to file.

If you have received one of these notices, the important thing to remember is not to panic. If you have filed an extension and have proof of filing and/or proof of the IRS acceptance (if filed electronically), there is no action that needs to be taken except to file your return by the extended due date of October 15th.

If you did not file an extension, you should work on getting your tax return filed as soon as possible to avoid possibly penalties and interest continuing to accrue should there be a balance due.

Just another example proving just because it is the IRS, doesn't mean you are in the wrong.

01/15/2025

Due to the recent high wind blackouts, our Hemet Office has been closed off and on for the past week. As you can imagine, email, calls and messages are piling up.

Thank you for your patience as we work to get back to everyone.

Send a message to learn more

01/11/2025

IRS grants disaster filing and payment postponements to Los Angeles County wildfire victims (01-10-24)

Taxpayers located in Los Angeles County have until October 15, 2025, to meet filing and payment deadlines that normally fall within the January 7, 2025, through October 15, 2025, time period. (IR-2025-10) This includes, but is not limited to:

2024 quarterly estimated income tax payments normally due on January 15, 2025, and estimated tax payments normally due on April 15, June 16, and September 15, 2025;
Quarterly payroll and excise tax returns normally due on January 31, April 30, and July 31, 2025;
Individual income tax returns and payments normally due on April 15, 2025;
2024 contributions to IRAs and health savings accounts for eligible taxpayers;
Calendar-year partnership and S corporation returns normally due on March 17, 2025;
Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2025; and
Calendar-year tax-exempt organization returns normally due on May 15, 2025.
In addition, penalties for failing to make payroll and excise tax deposits due on or after January 7, 2025, and before January 22, 2025, will be abated as long as the deposits are made by January 22, 2025.

Ventura County is not currently listed in the FEMA disaster declaration, so the IRS cannot currently grant automatic postponement relief to taxpayers located in Ventura County. The IRS has indicated that the same relief will be provided to any other counties added later to the disaster area.

Taxpayers who have an address of record in Los Angeles County will automatically qualify for relief. Taxpayers who live outside of Los Angeles County whose records are located in Los Angeles County, such as taxpayers with tax preparers in Los Angeles County or who own businesses located in Los Angeles County, also qualify for relief, but must contact the IRS disaster hotline at (866) 562-5227 to obtain relief.

To date, the California Department of Finance has not announced whether they will be providing similar relief for California income and franchise tax returns. We will continue to update you as news develops on this issue.