LORD WEALTH MANAGEMENT

Our clients financial health and security is our top priority!  We have options in place where tax documents can be shared safely and quickly between you and our office.    

This private “tax box” is available to all tax clients through Intuit Link. Here we can safely share photos, pdfs, word docs and excel spreadsheets at no additional cost. The Intuit Link “tax box” is encrypted and is easy to use.  This system is available 24/7.  

To upload to your Intuit Link tax box  click on the link / bar below.   There is a folder for each tax year.   

If need an invitation to establish your account, simply give us a call at 

949-766-7808.

Sometimes meeting face to face or sharing a computer screen is easier when communicating important information, asking questions or just sharing your tax and investment objectives.

To request a scheduled Zoom Meeting, simply give us a call.  We will provide you with a Zoom Meeting ID to use with the link below.  

For a video tutorial on how to join a Zoom Meeting, go to:  https://www.youtube.com/embed/hIkCmbvAHQQ?rel=0&autoplay=1&cc_load_policy=1

call us for the Zoom ID and Password

So your Tax Return has been calculated and now ready for your signature on the E-File Authorization.  

For faster processing of your return, we have the ability to obtain your signature electronically via DocuSign.  To do this, we would send you an email requesting your e-signature.  Once your identity with DocuSign has been verified, you will be prompted to e-sign your tax documents as instructed.  

A pdf copy of the entire return, including your E-File Authorization will be available for you to save and keep for future reference.   Another copy of this file will be uploaded to your Intuit Link Tax Folder.  If you would like a printed hard copy of this same file, please give us a call.

Below is a link to a tutorial video on our DocuSign E-Signature program.  As always, please feel free to contact our office if you should have any questions or need further assistance.

For Federal Tax Payments and Deposits, 

go to: https://www.eftps.gov/eftps/index.jsp

To Pay your Federal Tax by credit card, 

go to: 

https://www.irs.gov/payments/pay-taxes-by-credit-or-debit-card

For State Tax Payments and Deposits, go to: http://www.ftb.ca.gov/online/webpay/index.asp

Maximum Traditional and Roth IRA Contributions for 2024 and 2025:  

$7,000 + $1,000 for age 50+

Maximum elective deferral to retirement plans, e.g., 401(k), 403(b)  for 2024: $23,000 + $7,500 for age 50+

for 2025:  $23,500 + $7,500 for age 50+

Maximum elective deferral to SIMPLE IRA plans in 2024 is  

$16,000 + $3,500 for age 50+

for 2025: $16,500 + $3,500 for age 50+

Maximum SEP IRA, Profit Sharing and Defined Contribution plans 

Company Contribution limit in 2024 is $69,000 or 25% of an employee's compensation, whichever is less.  

For 2025, this increases to $70,000 or 25% of an employee's compensation, whichever is less. 

For more information, click on the link below.

Expecting a tax refund or stimulus check, but wondering where it is?

Just click on any of the following link and you will be connected directly to the taxing authorities.

Where's My Federal Tax Refund?

 https://www.irs.gov/refunds 

Where's My CA State Tax Refund?

 http://www.ftb.ca.gov 

Where's My Federal Amended Return

https://www.irs.gov/filing/wheres-my-amended-return

Where's My CA Amended Return

https://www.ftb.ca.gov/refund/index.asp

NEW CA EMPLOYER REQUIREMENTS

(includes ALL EMPLOYERS WITH A PAYROLL)

California state law requires employers of California workers to participate in CalSavers if they do not sponsor a retirement plan and have one or more eligible employee. Each activity must be completed by specific deadlines.  All employers must register and if no other employer sponsored plan is available, employers must make this plan available to their California workers.  Each employee can "Opt Out" of the Plan within a certain number of days.  

See the link below for more details.

The CalSavers Retirement Savings Program 

was created by state law to ensure all California workers can save for retirement through automatic payroll contributions facilitated from their workplace. 

Click the link below for more information including qualifications,  deadlines and how an employee can "Opt Out":

The US Department of the Treasury's Financial Crimes Enforcement Network issued an alert to help financial institutions identify fraud schemes associated with the use of deepfake media created with generative artificial intelligence (Gen AI) tools.

Every LLC, corporation, or other entity that was created by filing a document with a secretary of state or equivalent office must file a BOI report unless it qualifies for one of the CTA's exemptions.   You can file this report on-line by simply going to:  https://boiefiling.fincen.gov/boir/html.  

After your initial registration, you will only need to file this form annually if there is a change in the ownership of your entity, like new shareholders, members or partners.

  For more information click on the link below.