In an Accident? Important First Steps

1. Call the police and report the accident. California Law requires those in a car accident that results in injury or death, or at least $1,000 in property damage to report the accident to the D.M.V. within 10 days. Even if you do not believe there were any injuries...

Filing Bankruptcy When You’re Stuck in Debt

 Many people find themselves in the position of facing overwhelming debt, with constant calls from creditors and no obvious way out. For some, job loss sent them into a downward spiral and they are now unable to pay their bills and meet their responsibilities. For...

Be Safe Avoid Bicycle Accidents

Summer is almost here and with that, more and more bicyclists will be out enjoying the weather.  Unfortunately, statistics show that over 48,000 bicyclists are injured every year.  So, if you plan on taking your bike out, please take some extra precaution. Bicycle...

What is a Power of Attorney?

A power of attorney is a legal document giving someone else the authority to make decisions for you about legal and financial matters. There are generally two types of Power of Attorney: General Durable Power of Attorney — This document becomes active either...

Three Divorce Realities

Many well-intentioned people tend to give you lots of financial and strategic “advice” when going thru your divorce or separation. Unfortunately, the pearls of wisdom that are offered by friends or family are usually based on myth and not reality. Here are three...

What is a Power of Attorney?

A power of attorney is a legal document giving someone else the authority to make decisions for you about legal and financial matters. There are generally two types of Powers of Attorney: General Durable Power of Attorney — This document becomes active either...

Fighting for The Rights of Injured Workers

 Have you recently experienced a work-related injury? Has getting the treatment you need to return to work become impossible to get authorized through the worker’s compensation insurance carrier? Recent legislation effective since 2013 has made it more difficult for...

Save Time and Money!

 We at Bongiovanni Insurance Agency know that finding the right insurance is a choice not to be taken lightly. That’s why we offer to walk you through your needs, goals and dreams, while looking at competitive pricing that fits your budget. We can provide multiple...

Hits Happen Are you Covered?

 We all know that accidents happen. Most often it is someone else’s negligence. Most, not all, people obey the mandatory insurance provisions of the state statutes.  Some folks don’t purchase any insurance. More and more people get around those mandatory...

Time is Your Friend

 Time may be the greatest asset for the young investor. While some people may frantically try to catch up on retirement saving after age 50, you have the chance to harness the power of compounding by starting decades earlier. When you start may matter more than how...

How Will You Do In The Coming Recession?

 A lot of the nation’s leading economists have recently said that it is just a matter of time as to when the next recession will come. They say that all the indicators are there and that as early as this year or next year, it could be 2008 all over again. Are all...

Liberty Tax is Here for You! Canyon Center

 There is nothing scarier than counting on a return and getting the news that you actually owe money. It’s something we are seeing too often already this year in the 2018 tax season. Liberty Tax owner William Shanin has served his clients proudly since 1985 and has...

Interest Expense

 One aspect of the new tax law that has not received enough attention is the limitation of interest expense. It appears that this may affect a more robust number of businesses than originally estimated. The new Internal Revenue Code section 163(j) limits the deduction...

How Much Does a DUI Cost in California?

 The judicial system in the State of California doesn’t mess around when it comes to individuals driving under the influence of alcohol and/or controlled substances. Although extenuating or special circumstances may apply in some cases, virtually no one walks away for...

Will Tax Planning Benefit You?

 When we review tax returns of new clients, we usually find they were paying more taxes than they needed to. Most had either prepared their tax returns themselves or did not receive enough advice from their previous tax preparer. The most prevalent problem is failure...

Three Divorce Realities

Many well-intentioned people tend to give you lots of financial and strategic “advice” when going thru your divorce or separation. Unfortunately, the pearls of wisdom that are offered by friends or family are usually based on myth and not reality. Here are three...

Filing Bankruptcy When Facing A Debt Crisis

  ADVERTISE WITH US CLICK HERE Amgen Tour of California – A monthly message from Mayor Marsha McLean by Santa Clarita Magazine | Apr 25, 2019 | Community    Excitement is Building as we Roll Toward the Amgen Tour of California! Advocating for our bicycling...

Pass Through Entity

 A few years ago, the IRS audit regulations relating to partnerships were changed. The changes resulted in a more centralized partnership audit methodology and are effective for tax years beginning after December 31, 2017. The new audit methodology has transformed...

How to Challenge a Will

To create a valid will in California, you need the following: testamentary capacity, words of testamentary intent, creator’s signature, date and the signatures of two disinterested witnesses. Heirs to an estate may have cause to challenge a will when any one of the...

Spousal Support IRS Tax Deduction Changes

 As of January 1, 2019, recipients of alimony will no longer be taxed by the IRS on spousal support received. However, paying spouses lose the eligibility to claim spousal support payments as a tax deduction, which was previously provided under Section 215 of the...

In An Accident? Important First Steps

1. Call the police and report the accident. California Law requires those in a car accident that results in injury or death, or at least $1,000 in property damage to report the accident to the D.M.V. within 10 days. Even if you do not believe there were any injuries...

How Will Filing Bankruptcy Change Your Life?

As a bankruptcy attorney, I am often asked: “How will filing bankruptcy change my life?” I think people ask this question because of the negative things that they may have heard about bankruptcy from their friends, family, co-workers and neighbors. They think that a...

Parking Lot Accidents Who is at Fault?

 So, you are driving in Target’s parking lot when, all of a sudden, a car backs out of a parking space and hits you.  Who is at fault?  Car accidents in parking lots usually occur because someone is not paying attention. Parking lot accidents generally occur when: (1)...