FAQ & Links about Taxes and Wealth Management

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Q: When should I seek advice from a tax advisor?

A: It is hard to be specific, but planning ahead in the tax realm is always highly recommended. In the following situations it is highly recommended you at least touch based with your tax advisor as there are many tax implications associated with each.

It is also highly recommended to have a mid-year tax & financial planning review done to make sure you are not missing any valuable tax planning strategies.

Q: Can I pay for your services via Credit Card?

A: Yes, you can. Just use the PayPal link on our home page and follow the directions. We accept Visa and Master Cards.

Q: How long does Allen & Allen, LLP keep my tax records and what do they actually keep?

A: A&A keeps your Federal and State tax returns, plus W-2's and any 1099's showing tax withheld for a period of 5 years.

Q: How long should I keep my tax records?

A: Officially, the IRS recommends 7 years as a maximum. However, if the IRS or State taxing authority suspect criminal activity there is no limit as to how far back they can audit. We recommend keeping your tax records at least 10 years, if not forever. For more information see IRS publication 552, Record Keeping for Individuals.

Allen & Allen LLP - A CPA & Wealth Management Firm
3430 Robin Lane, #4
Cameron Park, CA 95682
P: (800) 850-4435
F: (530) 672-9725
noellecpa@allentaxes.com - mark@allentaxes.com

Office Hours:
Monday to Friday 8:30am - 5:00pm

"In accordance with IRS Circular 230, the information on this Web site is not intended or written to be used, and cannot be used as or considered a covered opinion or other written tax advice and should not be relied upon for the purpose of avoiding tax-related penalties under the Internal Revenue Code; promoting, marketing, or recommending to another party any transaction or tax-related matter(s) addressed herein; for IRS audit, tax dispute or other purposes"

Mark Allen is a registered representative and investment advisor representative offering securities and investment advice through Transamerica Financial Advisors, Inc., a registered broker/dealer and investment advisor, Member FINRA & SIPC. Transamerica Financial Advisors, Inc. does not give tax or legal advice.