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New Audits 2019 Tax Year
Recent IRS audits during 2019 The first was a UBER driver who prepared his own 2017 returns, who was audited for the business, responded...
Phillip Bruce Chute EA
Jan 21, 20203 min read
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Phillip Bruce Chute EA
Nov 1, 20175 min read
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Honesty in Business and Life
Nobody is perfect because survival is sometimes more important. During a homicide investigation, my Detective client told me that most...
Phillip Bruce Chute EA
Sep 18, 20174 min read
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Estates and Trusts
As we get older estate planning becomes more important as relatives and friends pass away. Our large tax and financial planning practice...
Phillip Bruce Chute EA
Jan 8, 20178 min read
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Business entities for small businesses
A small business is generally defined as a business with less than 50 employees or $5,000,000 annually in sales. Chrysler Corporation...
Phillip Bruce Chute EA
Sep 20, 20165 min read
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Social Security
Most people elect the reduced rate of 80% when filing at age 62 instead of 66 which is the full retirement age today.
Phillip Bruce Chute EA
Aug 10, 20164 min read
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Audit Reconsideration
An audit reconsideration results from a taxpayer ignoring or missing an audit. During an audit, there are appeal periods [even if not...
Phillip Bruce Chute EA
Aug 8, 20163 min read
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California Employment Development Department (EDD)
Most people are unaware that unjust unemployment decisions to quit paying benefits, or to deny benefits for any of a hundred reasons, can...
Phillip Bruce Chute EA
Jun 26, 20161 min read
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Corporate and Business Tax Preparation and Returns
In addition to offering assistance with Personal Income Tax preparation, Phillip B. Chute is highly trained in corporate and business tax...
Phillip Bruce Chute EA
Jun 26, 20162 min read
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County Property Taxes (Secured)
County property tax value assessments are based on the cost of real estate at the date of purchase and increase by 2% annually by...
Phillip Bruce Chute EA
Nov 2, 20151 min read
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Personal Property Taxes and Unsecured Property Taxes
These taxes are based on the value of business assets which are not registered vehicles, inventory, or real estate. The county mails a...
Phillip Bruce Chute EA
Nov 2, 20152 min read
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Fees and Fines Versus Taxes
Because taxes need to be approved by voters they appear to be in disfavor by the public, given the spending habits of the elected. The...
Phillip Bruce Chute EA
Nov 2, 20152 min read
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How You Get Selected for an IRS Audit and Survive
The government has piles of statistics on everything you can imagine. The IRS also randomly audits groups of innocent people very...
Phillip Bruce Chute EA
Nov 2, 20151 min read
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Investment and Financial Tax Planning for Individuals and Businesses
Phillip B. Chute, EA was a licensed stockbroker for 20 years and held NASD Series 7 License [General Securities}, Series 24 License...
Phillip Bruce Chute EA
Oct 2, 20152 min read
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IRS Business Office Audits
Currently, IRS office audits are conducted on small businesses or other individuals. My audits are mostly small business audits and face...
Phillip Bruce Chute EA
Oct 2, 20151 min read
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Delinquent or Unfiled Tax Returns
Do you have delinquent taxes or unfiled previous tax returns? We will assist you! We can prepare up to ten years back tax returns, both...
Phillip Bruce Chute EA
Sep 27, 20151 min read
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IRS Tax Settlements
Phillip B. Chute, EA has successfully represented clients and has been able to negotiate down the tax debt or have in some cases have had...
Phillip Bruce Chute EA
Sep 4, 20152 min read
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Sales-Tax, California Board of Equalization (BOE)
This financially corrupted and bankrupt state, in conjunction with the Internal Revenue Service, has adapted to the computer high tech...
Phillip Bruce Chute EA
Jun 10, 20153 min read
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Business Sale Negotiation
Every successful business receives offers to sell to franchisers, buy back their franchises, or negotiate transfers. Businesses are sold...
Phillip Bruce Chute EA
May 5, 20154 min read
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The Examination (Audit) Process
The IRS examines (audits) tax returns to verify that the tax reported is correct. Selecting a return for examination does not always...
Phillip Bruce Chute EA
Apr 5, 20153 min read
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