JS Castillo Bookkeeping and Tax LLC

07/17/2024

Any small business' looking for a remote bookkeeper? I have openings

02/11/2023

IRS not taxing certain state payments, including the California Middle Class Tax Refund (02-10-23)
Today the IRS announced that regarding special state tax payments, “in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns.” This includes the California Middle Class Tax Refund.
The IRS will not challenge the taxability of payments related to general welfare and disaster relief. This means that people in the following states do not need to report these state payments on their 2022 tax returns: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania, and Rhode Island. Specified payments made by Alaska are also not going to be taxed.
In addition, some, but not all, taxpayers in Georgia, Massachusetts, South Carolina, and Virginia also will not include state payments in federal taxable income if they meet certain requirements. For these individuals, state payments will not be included if the payment is a refund of state taxes paid and either the recipient claimed the standard deduction or itemized their deductions but did not receive a tax benefit.

01/31/2023

Tax Season has officially started, for my CA peeps if you received the CA inflation payment it is taxed on the Federal side but not the State side. Add as other income

11/10/2022

Due to economic changes, J S JS Castillo Bookkeeping and Tax LLC is officially taking on new clients for either Tax Preparation or Small Business remote bookkeeping services

11/10/2022

Great new J S Castillo Bookkeeping and Tax has officially moved back to Santa Cruz CA

08/13/2020

Anyone still needing help with their 2018 or 2019 tax return I am here

08/13/2020

SPIDELL
Tax • Analysis • Education
Court rules Uber/Lyft must treat their drivers as employees (08-10-20)
The San Francisco Superior Court has ruled that Uber and Lyft must immediately begin treating their drivers as employees in California.
The court found that Uber and Lyft’s treatment of their drivers was in direct contravention of AB 5’s ABC test and refused to grant a stay of the order while Uber and Lyft appeal the decision. The court also refused to grant a stay pending the outcome of Proposition 22 on the November 2020 ballot, in which Uber and Lyft are asking voters to decide whether their drivers should be treated as independent contractors, entitled to specified pay and benefit protections to be provided by the companies.
Uber and Lyft will undoubtedly appeal the decision, but unless a court of appeal quickly intervenes Uber and Lyft must begin treating their California drivers as employees immediately.
The superior court’s order can be found at:
www.caltax.com/files/2020/uberlyft081020.pdf
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08/13/2020