Galligan, Thompson & Flocas, LLP - Certified Public Accountants

10/19/2022

We are moving!

Our building at our current location has been sold and we are moving to our new offices at:

1650 Borel Place, Suite 105

San Mateo, CA 94402

We are in the process of moving this week and expect to be fully up and running in the new location by Monday, October 24, 2022. We will do our best to reply to your calls and emails as soon as possible.

We are excited about our new offices. We will be less than 10 minutes away from our old location, and just a couple blocks from the Highway 92 and El Camino junction in San Mateo so there is easy access from the freeway in a nice wooded location.

We look forward to seeing you at our new office, and kindly ask you to update your contacts and all future correspondence to our new address.

Thank you,

Galligan, Thompson & Flocas

1650 Borel Place, Suite 105

San Mateo, CA 94402

07/31/2020

Frequently Asked Questions about the IRS issued IP PIN

01/13/2020

Kiddie Tax Changes

In 2017, Congress passed the Tax Cuts and Jobs Act (TCJA, P.L. 115-97), which made changes to the so-called “kiddie tax,” which is a tax on the unearned income of certain children. Befo…

01/13/2020

Penalty-free Retirement Plan

Penalty-free retirement plan withdrawals for expenses related to the birth or adoption of a child. Generally, a distribution from a retirement plan must be included in income. And, unless an excep…

01/10/2020

About 529 Plan

Expansion of Section 529 education savings plans to cover registered apprenticeships and distributions to repay certain student loans. A 529 plan, also known as a qualified tuition program is a ta…

05/09/2019

There are an increasing number of scam calls from fraudulent callers pretending to be from the Social Security Administration. The New York Times has a helpful article to help keep you informed of the situation so you can protect yourself against these scam callers.

The Federal Trade Commission says it has seen fraudulent calls from Social Security impostors “skyrocket,” overtaking fake I.R.S. calls.

01/04/2019

Sales and Use Tax Nexus

In July, the U.S. Supreme Court issued one of the biggest tax cases in decades, which dramatically expands when states can require out-of-state businesses selling to customers in their state to col…

01/04/2019

TIPS!

Tax refund fraud and identity theft are in increasing problem. Please be alert: The IRS does not call you about collection or balances due. In fact, the IRS will generally only call if you are work…

01/19/2018

The President has signed the biggest tax reform law in over 30 years. When you file your 2018 tax returns — about a year from now — your tax return will look very different. And because most chang…

12/22/2017

We have not seen the final version of the tax bill as of the time we are sending this email, but here is what we do know, and we have four recommendations that will benefit many taxpayers: Prepay t…