Hernandez Income Tax Service, Inc.

Hernandez Income Tax Service, Inc. NEED TAX HELP? Call us today (818) 508-5503 Welcome to our Page! We are dedicated to provide our clients with the best tax information, service and care possible.
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Our expertice have allowed us to help our clients with bookkeeping, tax planning, tax filling and tax audits since 1984. Give us a call or walk to our office to experience the difference!

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It's go time! North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc has some motivation for you today.
05/10/2021

It's go time! North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc has some motivation for you today.

It's go time! North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc has some motivation for you today.

05/10/2021

To support the restaurant industry who was hit hard during the pandemic, Congress is giving businesses a tax break as a way to increase revenue to restaurants. Watch the video to see how this can apply to your business.

Your Saturday #SmallBizStat from North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc.
05/08/2021

Your Saturday #SmallBizStat from North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc.

Your Saturday #SmallBizStat from North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc.

A reminder to be vigilant about the emails you open and the links you click. A recent phishing email posing as Intuit Qu...
05/07/2021
Security notices

A reminder to be vigilant about the emails you open and the links you click. A recent phishing email posing as Intuit Quickbooks is making the rounds and should be immediately deleted. You can view their latest security notices here:

We update this list with the latest Intuit email or customer support scams so you can avoid them

For those who love learning: here's a tax fact from Hernandez Income Tax and Bookkeeping Service Inc.
05/07/2021

For those who love learning: here's a tax fact from Hernandez Income Tax and Bookkeeping Service Inc.

For those who love learning: here's a tax fact from Hernandez Income Tax and Bookkeeping Service Inc.

President Biden's far-reaching proposed American Families Plan will affect just about everyone in one way or another. So...
05/06/2021
How Biden's Proposed American Families Plan Might Affect You

President Biden's far-reaching proposed American Families Plan will affect just about everyone in one way or another. Some will benefit from tax breaks, while others will see their taxes increase to pay for such tax breaks.

President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What follows is an overview of what is included in the plan. But this is only his wish list; Congress will need to draft proposed legislation that will have to pass in....

More and more jurisdictions are passing laws requiring employers to provide paid leave to employees, and the COVID-19 pa...
05/05/2021
Paid Sick Leave vs. Vacation vs. PTO: What You Need to Know

More and more jurisdictions are passing laws requiring employers to provide paid leave to employees, and the COVID-19 pandemic has only accelerated this trend. To help you understand the potential impact on your existing policies, here are answers to some frequently asked questions on paid sick leave, vacation, and paid time off.

More and more jurisdictions are passing laws requiring employers to provide paid leave to employees, and the COVID-19 pandemic has only accelerated this trend. To help you understand the potential impact on your existing policies, here are answers to some frequently asked questions on paid sick leav...

A little inspiration from Hernandez Income Tax and Bookkeeping Service Inc. Wednesday Wisdom
05/05/2021

A little inspiration from Hernandez Income Tax and Bookkeeping Service Inc. Wednesday Wisdom

A little inspiration from Hernandez Income Tax and Bookkeeping Service Inc. Wednesday Wisdom

Couples who are married on the last day of the tax year basically have two filing status options when filing their tax r...
05/04/2021
Consequences of Filing Married Separately

Couples who are married on the last day of the tax year basically have two filing status options when filing their tax returns: either married filing jointly (MFJ) or married filing separately (MFS) returns. MFS filing can result in some unpleasant surprises.

Couples who are married on the last day of the tax year basically have two filing status options when filing their tax returns: either married filing jointly (MFJ) or married filing separately (MFS) returns. Generally, filing MFJ will produce the better tax result. However, other factors – usually...

05/04/2021

The recently passed American Rescue Plan provides a 100% subsidy for COBRA premiums of eligible individuals who receive involuntary termination or reduction of hours and are not eligible for other group coverage or Medicare. Watch this video for more details.

Make your Monday great with this motivation from Hernandez Income Tax and Bookkeeping Service Inc
05/03/2021

Make your Monday great with this motivation from Hernandez Income Tax and Bookkeeping Service Inc

Make your Monday great with this motivation from Hernandez Income Tax and Bookkeeping Service Inc

Hernandez Income Tax and Bookkeeping Service Inc has a fun SMB statistic to share with you. #SmallBizStat
05/01/2021

Hernandez Income Tax and Bookkeeping Service Inc has a fun SMB statistic to share with you. #SmallBizStat

Hernandez Income Tax and Bookkeeping Service Inc has a fun SMB statistic to share with you. #SmallBizStat

Some insider tax knowledge from Hernandez Income Tax and Bookkeeping Service Inc.
04/30/2021

Some insider tax knowledge from Hernandez Income Tax and Bookkeeping Service Inc.

Some insider tax knowledge from Hernandez Income Tax and Bookkeeping Service Inc.

As a reminder to those who have not yet filed their 2020 tax returns, May 17, is the due date to either file a return (a...
04/29/2021
The Tax-Filing Deadline Is Around the Corner

As a reminder to those who have not yet filed their 2020 tax returns, May 17, is the due date to either file a return (and pay the taxes owed) or file for an automatic extension (and pay an estimate of the taxes owed).

As a reminder to those who have not yet filed their 2020 tax returns, May 17, is the due date to either file a return (and pay the taxes owed) or file for an automatic extension (and pay an estimate of the taxes owed). Normally April 15 is the due date, but this year the IRS extended it until May 17...

Here is some midweek Wednesday Wisdom inspiration from your friends at Hernandez Income Tax and Bookkeeping Service Inc
04/28/2021

Here is some midweek Wednesday Wisdom inspiration from your friends at Hernandez Income Tax and Bookkeeping Service Inc

Here is some midweek Wednesday Wisdom inspiration from your friends at Hernandez Income Tax and Bookkeeping Service Inc

April showers bring May flowers, but this April also brought a lot of action to the US economy and business world. In ca...
04/27/2021
Here's What Happened in the World of Small Business in April 2021

April showers bring May flowers, but this April also brought a lot of action to the US economy and business world. In case you missed them, here's a breakdown of the latest stories affecting your small business.

In this small business breakdown, we discuss important current events that are affecting small businesses across the United States. Here’s the top news from April 2021.

TAX-FREE GRANTS FOR RESTAURANTS! Give us a call (818) 508-5503, we’ll guide you through the process. The American Rescue...
04/27/2021
Tax-Free Grants for Restaurants

TAX-FREE GRANTS FOR RESTAURANTS!

Give us a call (818) 508-5503, we’ll guide you through the process.

The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide tax-free grants to help restaurants and other eligible businesses keep their doors open.

The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss, up to $10 million per busines...

Hernandez Income Tax and Bookkeeping Service Inc - Some Monday Motivation for our friends and colleagues.
04/26/2021

Hernandez Income Tax and Bookkeeping Service Inc - Some Monday Motivation for our friends and colleagues.

Hernandez Income Tax and Bookkeeping Service Inc - Some Monday Motivation for our friends and colleagues.

04/26/2021

If you haven't done so, the deadline to file a tax return and claim your refund for 2017 is coming soon. On the other hand, if you owe and have not filed, you are still liable for the amount due. Don't miss out on any possible tax credits and watch out for potential tax penalties.

Your Saturday #SmallBizStat from North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc.
04/24/2021

Your Saturday #SmallBizStat from North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc.

Your Saturday #SmallBizStat from North Hollywood based Hernandez Income Tax and Bookkeeping Service Inc.

Here's your tax fact of the week from your friends at Hernandez Income Tax and Bookkeeping Service Inc.
04/23/2021

Here's your tax fact of the week from your friends at Hernandez Income Tax and Bookkeeping Service Inc.

Here's your tax fact of the week from your friends at Hernandez Income Tax and Bookkeeping Service Inc.

If you have not yet filed your 2017 tax return and have a refund due, the refund will be forfeited if you do not file fo...
04/22/2021
Refund Statute Expiring: Don't Miss Out!

If you have not yet filed your 2017 tax return and have a refund due, the refund will be forfeited if you do not file for it by the May 17, 2021 extended filing deadline. On the other hand, if you owe and have not filed, you are still liable for the amount due.

If you have not yet filed your 2017 tax return and have a refund coming, time to claim that refund is running out! The IRS estimates that more than 1.35 million taxpayers have not filed their 2017 tax returns with approximately $1.3 billion of unclaimed refunds available for those taxpayers. If you....

There are a lot of benefits available for those who can take advantage of the Section 1202 gain exclusion on the sale of...
04/21/2021
Qualified Small Business (QSB) Stock Gain Exclusion: Who Can Take Advantage and How to Do It

There are a lot of benefits available for those who can take advantage of the Section 1202 gain exclusion on the sale of QSB stock, but the requirements and eligibility criteria are intimidating and complicated. Learn more in today's blog post.

The Section 1202 gain exclusion on the sale of Qualified Small Business (QSB) stock can offer many benefits for those who can take advantage of it, but the requirements and eligibility criteria are complex.

Transform your life. Wednesday Wisdom from Hernandez Income Tax and Bookkeeping Service Inc
04/21/2021

Transform your life. Wednesday Wisdom from Hernandez Income Tax and Bookkeeping Service Inc

Transform your life. Wednesday Wisdom from Hernandez Income Tax and Bookkeeping Service Inc

What are the options for individuals who cannot pay their tax liability by the extended due date? The IRS offers a payme...
04/20/2021
Owe Taxes and Can't Pay by the Due Date?

What are the options for individuals who cannot pay their tax liability by the extended due date? The IRS offers a payment plan, payment can be made by credit card, a retirement plan could be tapped or perhaps the money borrowed from a friend or relative. They all have negative implications.

The vast majority of Americans get a tax refund from the IRS each spring, but what if you are one of those who end ends up owing?

Do you have investments? Are you a trader? Do you operate a trading business? Each of these classifications have differe...
04/19/2021
Running a Trading Business – and What it Means for Your Taxes

Do you have investments? Are you a trader? Do you operate a trading business? Each of these classifications have different criteria - and if you are running a trading business, you should be aware of what it means for your taxes.

There are specific criteria for being considered a “trader” or qualifying as a “trading business.” Here’s how operating a trading business affects your taxes.

A little inspiration from Hernandez Income Tax and Bookkeeping Service Inc to start your week.
04/19/2021

A little inspiration from Hernandez Income Tax and Bookkeeping Service Inc to start your week.

A little inspiration from Hernandez Income Tax and Bookkeeping Service Inc to start your week.

04/19/2021

Did you just find out that you made a mistake in your tax return? Do not panic. Watch this video for essential points you should know and how to fix your mistake.

Zapier - a software company helping end-users automate the integration of online applications that they use - has grown ...
04/17/2021
Entrepreneur Success Stories: Zapier

Zapier - a software company helping end-users automate the integration of online applications that they use - has grown to a valuation of over $5 billion in just 10 years. They took only $1.3 million in venture capital funding early on, and their customer-centric approach has been key to their success. Learn the full story in this month's entrepreneur spotlight.

Software company Zapier has grown to a valuation of over $5 billion in just 10 years. The founders persisted through challenging times and took very little venture capital funding as they grew. Here’s their success story.

For those who love learning: here's a small business statistic from Hernandez Income Tax and Bookkeeping Service Inc. #S...
04/17/2021

For those who love learning: here's a small business statistic from Hernandez Income Tax and Bookkeeping Service Inc. #SmallBizStat

For those who love learning: here's a small business statistic from Hernandez Income Tax and Bookkeeping Service Inc. #SmallBizStat

IRS Commissioner Chuck Rettig recently told the Senate Finance Committee that the US may be losing up to $1 trillion a y...
04/16/2021
The US Loses Out On $1 Trillion a Year Due to Tax Cheats, IRS Estimates

IRS Commissioner Chuck Rettig recently told the Senate Finance Committee that the US may be losing up to $1 trillion a year in evaded taxes - a much larger sum than the 3-year-cumulative amount of $441 billion that the agency had previously estimated.

IRS Commissioner Chuck Rettig has announced the US may be losing up to $1 trillion a year in evaded taxes. Among the tax evasion techniques are cryptocurrency, illegal income, underreporting from pass-through businesses, and offshore tax evasion.

For those who love learning: here's a tax fact from Hernandez Income Tax and Bookkeeping Service Inc.
04/16/2021

For those who love learning: here's a tax fact from Hernandez Income Tax and Bookkeeping Service Inc.

For those who love learning: here's a tax fact from Hernandez Income Tax and Bookkeeping Service Inc.

Using the installment sale method of receiving and reporting the gain from the sale of a capital asset can spread that g...
04/15/2021
Defer Taxes with Installment Sales

Using the installment sale method of receiving and reporting the gain from the sale of a capital asset can spread that gain over multiple years, and possibly avoid the higher capital gains rates as well as avoid or minimize the 3.8% surtax on net investment income.

Selling a property one has owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in one year will generally expose the gain to higher than normal capital gains rates and subject the gain to the 3.8% surtax on net investment income.

Transform your life. Wednesday Wisdom from Hernandez Income Tax and Bookkeeping Service Inc
04/14/2021

Transform your life. Wednesday Wisdom from Hernandez Income Tax and Bookkeeping Service Inc

Transform your life. Wednesday Wisdom from Hernandez Income Tax and Bookkeeping Service Inc

Address

12824 Victory Blvd
North Hollywood, CA
91606

Opening Hours

Monday 09:00 - 19:00
Tuesday 09:00 - 19:00
Wednesday 09:00 - 19:00
Thursday 09:00 - 19:00
Friday 09:00 - 19:00
Saturday 09:00 - 17:00
Sunday 10:00 - 16:00

Telephone

(818) 508-5503

Website

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Excelente servicio!!!! Super Profesionales, simplemente los mejores me ahorraron mas de 12,000 dls. Gracias Totales