For the third year in a row, Assemblymember Alex Lee (D-San Jose) has introduced a wealth tax, AB 259, along with a proposed constitutional amendment, ACA 3, which would tax
U.S. Supreme Court Limits IRS Penalties for Not Reporting Foreign Accounts
By Manny Ramirez Last week, the U.S. Supreme Court limited the ability of the IRS to impose penalties on those who do not report foreign accounts. The Case & the
Inflation Reduction Act of 2022 aka The IRS $80 Billion Funding Act
The Inflation Reduction Act (IRA) was signed by President Biden on August 12, 2022, purportedly to help reduce the country’s crippling inflation. Using the Tax Foundation’s General Equilibrium Model, they
RJI CPAs Has Been Recognized as a 2022 Top 400 Accounting Firm and Top 400 Fastest-Growing Firm by IPA
By Manny Ramirez RJI CPAs is excited to announce the firm has been named one of the 2022 Top 400 Accounting Firm and Top 400 Fastest-Growing Firms by INSIDE Public
The IRS again eases Schedules K-2 and K-3 filing requirements for 2021
The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year. Certain domestic partnerships
2022 Tax Calendar
To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the
$1.9 Trillion American Rescue Plan Act
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA). This $1.9 trillion stimulus package contains extensions to unemployment, stimulus payments and provisions for small
RJI CPAs Recognized as one of America’s Top Tax and Accounting Firms by Forbes
Forbes ranked us as one of the top tax and accounting firms in America in 2021. We’re proud to be recognized by Forbes as one of America’s Best Tax and
RJI CPAs Welcomes a New Partner
RJI CPAs is pleased to announce the admission to the partnership of Brent Murdoch as a Tax Partner as of January 1, 2021. We are excited to welcome Brent and
The Epoch Times: California Companies Are Leaving and Taking Jobs With Them
California is facing a business exodus as companies migrate to states with fewer taxes and regulations. The Epoch Times interviewed Manuel Ramirez, Chairman of RJI CPAs, regarding why billion-dollar companies
Potential Impacts of the Election on Tax Reform
The recent presidential and upcoming Senatorial special elections may have a significant impact on tax law next year (2021) and therefore the need for 2020 year-end tax planning is extraordinarily
Tax Alert – Proposition 15 Raises Property Taxes!
Amid an unprecedented economic crisis, special interests are pushing Prop 15 on the November 2020 statewide ballot to begin the process of eroding Propositions 13’s property tax protections. This is
RJI CPAs is proud to be recognized as a 2020 Top 400 Accounting Firm and 2020 Fastest Growing Accounting Firm by INSIDE Public Accounting
INSIDE Public Accounting is an award-winning newsletter for the public accounting profession. Firms are ranked by net revenues and are compiled by analyzing the responses for IPA’s Survey and Analysis
Retroactive California Tax Hike Proposed by Legislature
Democrats in the California state legislature have proposed a significant tax hike on taxable income of $1 million and higher. Legislators say the tax hike would raise more than $6
PPP Loan Extension Gives Small Businesses 5 More Weeks
President Trump signed a bill into law on July 4, 2020 that extends the Paycheck Protection Program (PPP) deadline for five more weeks until August 8. The original deadline to
