Garnett & Gold Financial Corporation

05/29/2026

Underreported income and math errors are key mistakes that can trigger an audit from the IRS. Having your taxes prepared by a professional can significantly reduce this risk.

The IRS is constantly looking for a reason to audit you. There are several red flags that can identify your tax return as one that needs additional attention. Knowing these indicators can help you avoid the unwanted scrutiny.

05/22/2026

There's still time to lower your tax obligation. Here are five great ideas to consider.

Now is a great time to assess your current tax situation and address any lingering tax questions that may improve your tax picture this year. Here are five things to consider.

05/15/2026

The gift tax is one of the most misunderstood provisions in the tax code. Here is what you need to know.

Presenting a gift to a grandchild does not normally have us thinking about the taxes. However, if not careful, the over-generous gift giver could end up with a surprise tax bill and a note from the IRS.

05/08/2026

You can legally lower your taxes by shifting a certain amount of unearned income to your children. Here are some ideas to implement this strategy.

The progressive nature of income tax rates offers taxpayers the incentive to transfer assets to lower earning taxpayers. Why not your children? Here are some tips.

05/02/2026

🎉 **Celebrating 19 Amazing Years in Riverside!** 🎉

As we mark our 19th year at this wonderful Riverside location, I'm filled with overwhelming gratitude. While I've been blessed to serve in the tax and financial industry for 23 years, these past 19 years in our community have been truly special.

To every client who has trusted us with their financial needs over the years - THANK YOU. Your loyalty and confidence in our services have been the foundation of our success. To my incredible staff, thank you for your dedication and for helping us deliver exceptional service every single day.

As we look ahead, I'm excited to share that I'll be expanding more into advisory and consultation roles, while my amazing team continues to provide the same accounting and tax services you've come to rely on.

You our clients, our community, our team are truly the best part of Garnett and Gold Financial Corporation. Here's to many more years of serving you and helping you achieve your financial goals!

With deep appreciation,
Monica Hodgson
Garnett and Gold Financial Corporation



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05/01/2026

In a world of digital payments, how do you prove your tax deductions? Here are some tips.

Very few banks return your canceled checks. So what do you need to do if required by the IRS to prove your deductions? This often means staying ahead of the game at year end.

04/24/2026

Scams are getting more sophisticated and the IRS is a target. Here are tips to protect yourself.

Con artists impersonate IRS agents to either intimidate people into making payments or turn over their personal information. Here are some ideas to ensure this does not happen to you.

04/17/2026

Everyone should understand 529 savings plans. Here is what you need to know.

The tax code is filled with programs to be tax efficient when paying for educational expenses. One of the most popular is the 529 Savings Plan. Here is what you need to know.

04/13/2026

The April 15th deadline is Wednesday

Please Note
We filed all clients' extensions last week. If you would like to check, please "TEXT" 951-675-3176
DO NOT CALL THE OFFICE.
Thank you.
Monica H.

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04/10/2026

With the mandate to eliminate paper checks, including checks used to issue tax refunds, the transition to virtual payments is causing a mess. Here is what you need to know.

Over 1.4 million refunds are delayed and the number is quickly increasing. Much of the delay is due to the Presidential Executive Order eliminating paper checks. Here is what you need to know.