Hello All,

After exhaustive research, I am ready to announce my Voter Guide is Ready. Please see below my choices for local (Rancho Palos Verdes, CA), county (Los Angeles County), state (California) and federal elections. 

No matter how you vote, JUST VOTE!

Wesley 

Statewide

Congressional & Legislative Candidates

The purpose of this blog is to get the IRS to owe you money.

Of course, the IRS is not likely to cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes.

Here are seven powerful business tax deduction strategies that you can easily understand and implement before the end of 2020.

1.  Prepay Expenses Using the IRS Safe Harbor

You just have to thank the IRS for its tax-deduction safe harbors.

IRS regulations contain a safe-harbor rule that allows cash-basis taxpayers to prepay and deduct qualifying expenses up to 12 months in advance without challenge, adjustment, or change by the IRS.

Under this safe harbor, your 2020 prepayments cannot go into 2022. This makes sense, because you can prepay only 12 months of qualifying expenses under the safe-harbor rule.

For a cash-basis taxpayer, qualifying expenses include lease payments on business vehicles, rent payments on offices and...

My Recommendations for Nov. 2020 Election

This is the time of year that voters and organizations start the process of supporting or opposing November ballot measures.  Most groups make their endorsements based on what is best for them or their industry.  Some do it for political purposes, trying to show how “moderate” they are.  I base my recommendations on what is good for the people, conservative values and the Constitution.

President

Donald J Trump

Congress

Congressional District 23 – Republican Leader Kevin McCarthy

Congressional District 25 – Congressman Mike Garcia

Congressional District 28 – Eric Early

Congressional District 30 – Mark Reed

Congressional District 33 – James Bradley

Congressional District 37 – Errol Webber

Congressional District 39 – Young Kim

Congressional District 40 – Antonio Delgado

Congressional District 43 – Joe Collins

State Senate

State Senate District 21 – Senator...

Use Your Business to Maximize Charitable Donations

Giving to your church, school, or other 501(c)(3) charity is a noble act no matter how you choose to give.

 But for the purposes of tax savings, some forms of giving are much more beneficial to you than are others. As a business owner, you can use some business strategies to get the money to these institutions as business expenses.

 While this does not change anything from the institution’s perspective, it hugely increases your tax savings. The Tax Cuts and Jobs Act (TCJA) makes it harder to benefit from your personal donations.

Let’s say you donate $10,000 to a church, school, or other 501(c)(3) charity:

1. Will you get a tax deduction—in other words, will you itemize?
2. Will you benefit from the entire $10,000 as an itemized deduction? In other words, did the $10,000 simply put you over the hump that beat the standard deduction?
3. Say you can deduct all $10,000 as an itemized deduction. Would making it a...

MARCH 3, 2020 VOTER GUIDE

FEDERAL OFFICES

US Representative 23 - Kevin McCarthy
US Representative 25 - Mike Garcia
US Representative 28 - Eric Early
US Representative 29 - Brian Perras
US Representative 30 - Mark Reed
US REpresentative 33 - James Bradley
US Representative 37 - Erroll Webber
US Representative 39 - Young Kim
US Representative 43 - Joe Collins
US Representative 47 - John Briscoe

STATEWIDE OFFICES

CA Senate 21 - Scott Wilk
CA Senate 27 - Houman Salem 
CA Senate 29 - Ling Ling Chang 

CA Assembly 36 - Tom Lackey 
CA Assembly 38 - Suzette Valladares
CA Assembly 49 - Burton Brink
CA Assembly 55 - Phillip Chen
CA Assembly 66 - Arthur Schaper
CA Assembly 70 - Dave Thomas

COUNTYWIDE CANDIDATES

LA County Supervisor – Kathryn Barger

LAUSD School Board  District 3 - Marilyn Koziatek

LAUSD School Board  District 5 - Christina Martinez-Duran

LAUSD School Board  District 7 - Mike Lansing

Judicial Offices

Judicial District 17 -...

Kate Cimini wrote a tremendous article about California and why its residents are leaving in droves. 

This isn't a new subject BUT the demographics of those leaving may surprise you. 

Not The Golden State Anymore

 2019 Last-Minute Section 199A Strategies That Reduce Taxes

Remember to consider your Section 199A deduction in your year-end tax planning.

 If you don’t, you could end up with a big fat $0 for your deduction amount. We’ll review four year-end moves that (a) reduce your income taxes and (b) boost your Section 199A deduction at the same time.

First Things First

If your taxable income is above $160,700 (or $321,400 on a joint return), then your type of business, wages paid, and property can reduce and/or eliminate your Section 199A tax deduction.

If your deduction amount is less than 20 percent of your qualified business income (QBI), then consider using one or more of the strategies described below to increase your Section 199A deduction.

1. Harvest Capital Losses

 Capital gains add to your taxable income, which is the income that

• determines your eligibility for the Section 199A tax deduction,
• sets the upper limit (ceiling) on the amount of your Section...

Here is my Voter Guide for the November 6th General Election

STATEWIDE CANDIDATES

Governor – John Cox
Secretary of State – Mark Meuser
Controller – Konstantinos Roditis
Treasurer – Greg Conlon
Attorney General – Steven Bailey
Insurance Commissioner – Steve Poizner
Superintendent of Public Education – Marshall Tuck
Board of Equalization – G. Rick Marshall

FEDERAL OFFICES

US Representative 23 Kevin McCarthy
US Representative 25 Steve Knight
US Representative 26 Antonio Sabato Jr.
US Representative 27 Beatrice Cardenas
US Representative 28 Johnny Nalbandian
US Representative 29 Benito Bernal
US Representative 30 Mark Reed
US Representative 32 Joshua M. Scott
US Representative 33 Kenneth Wright
US Representative 35 Christian Leonel Valiente
US Representative 37 Ron Bassilian
US Representative 38 Ryan Downing
US Representative 39 Young Kim
US Representative 47 John Briscoe

STATEWIDE OFFICES

CA Senate 18 Rudy Melendez
CA Senate 32 Rita Topalian
CA Senate 34 Janet...