If an employee had more than one job this year and earned over the maximum Social Security wage base, than a credit may be claimed for the excess for residents of San Diego, Mira Mesa, Scripps Ranch, Rancho Penasquitos, 4S Ranch, Rancho Bernardo, Poway and Sabre Springs.  If you need assistance in computing the credit, please call Steve Pearson, Certified Public Accountant at (858) 695-1040.

If you are paying medical expenses for others, they may be deductible on your income tax return as an itemized deduciton if they meet certain qualifications for residents of San Diego, Mira Mesa, Rancho Penasquitos, 4S Ranch, Rancho Bernardo, Poway and Sabre Springs.  Please contact Steve Pearson, Certified Public Accountant at (858)695-1040 for assistance.

If you are adopting an eligible child, an income tax credit up to $12,150 may be available if you qualify for residents in San Diego, Mira Mesa, Scripps Ranch, Rancho Penasquitos, 4S Ranch, Rancho Bernardo, Poway and Sabre Springs.  Please call Steve Pearson, Certified Public Accountant at (858) 695-1040 to see if you qualify.

If you have an HSA qualified high deductible health plan, have no other first-dollar medical coverage, are not enrolled in medicare,  cannot be claimed as a dependent on someone else’s tax return and reside in San Diego, Mira Mesa, Scripps Ranch, Rancho Penasquitos, 4S Ranch, Rancho Bernardo, Poway and Sabre Springs you may be able to deduct contibutions to a Health Savings Account (HSA).  Please call Steve Pearson, Certified Public Accountant at (858)695-1040 to see if you qualify.

Over-the-counter drugs purchased without a prescription reimbursed through a flexible spending arrangement (FSA) or other employer health plan are not taxable in 2010 to empolyees in San Diego, Mira Mesa, Scripps Ranch, Rancho Penasquitos, 4S Ranch, Rancho Bernardo, Sabre Springs and Poway.  Please note that they are not deductible as a medical expense on Schedule A, itemized deductions.  If you need assistance, please call Steve Pearson, Certified Public Acountant at (858)695-1040.

If you have a letter or notice from the Internal Revenue Service (IRS) questioning your income or deductions and in San Diego, Mira Mesa, Scripps Ranch, 4S Ranch, Rancho Penasquitos, Rancho Bernardo, Poway or Sabre Springs and need assistance, please call Steve Pearson, Certified Public Accountant at (858)695-1040.  I have been successful in resolving many additional tax billings from these notices or inquiries.

Child tax credits of up to $1,000 per qualifying child are available for families in San Diego, Mira Mesa, Scripps Ranch, Rancho Penasquitos, 4 S Ranch, Rancho Bernardo, Sabre Springs and Poway.  I can assist in determining if you can claim the credit.  Please call Steve Pearson, Certified Public Accountant at (858)695-1040.

The gain on the sale of a personal residence may be excluded from income if you meet the qualifications for home owners in San Diego, Mira Mesa, Scripps Ranch, 4S Ranch, Rancho Bernardo, Sabre Springs and Poway.  Please contact Steve Pearson, Certified Public Accountant at 858-695-1040 to see if you qualify.

There are several disadvantages of married filing separately for residents in San Diego, Mira Mesa, Scripps Ranch, Rancho Penasquitos, 4S Ranch, Rancho Bernardo, Poway and Sabre Springs.  I can assist in determining if you should file this way.  Please call Steve Pearson, Certified Public Accountant at 858-695-1040.

The portion of legal fees incurred in a divorce for tax consequences may be income tax deductible for San Diego, Mira Mesa, Scripps Ranch, Rancho Penasquitos, 4S Ranch, Rancho Bernardo, Poway and Sabr Springs residents.  If you need assistance in determining the tax deductible amount, please call Steve Pearson, Certified Public Accountant at 858-695-1040.