I began seeing Lori and could not be happier. She explains everything very clearly and understanding one's tax return becomes almost simple. I am very happy to be a client and thank you Lori Lopez and company. We have been in business for 25 years. We can depend on L. LOPEZ, CPA Accounting for accuracy and diligence and taking a genuine interest in our operations.
Questions are answered quickly. We feel fortunate to have them as part of our team. Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been selected for an audit whether in person or via correspondence, our firm can put many of your worries at ease.
We are ready and willing to answer any and all questions the IRS or state may be asking of you. We specialize in individual, partnership, corporation (C & S), LLC, trust and estate tax return preparation. Whether we like it or not, today's tax laws are so complicated and changing every year that filing a relatively simple return can be confusing and time consuming.
Questions are answered quickly. We feel fortunate to have them as part of our team. Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been selected for an audit whether in person or via correspondence, our firm can put many of your worries at ease.
We are ready and willing to answer any and all questions the IRS or state may be asking of you. We specialize in individual, partnership, corporation (C & S), LLC, trust and estate tax return preparation. Whether we like it or not, today's tax laws are so complicated and changing every year that filing a relatively simple return can be confusing and time consuming.
Services
We have been a family-owned practice for over 40 years.
Our business began in 1980 with founder, Tony Lopez (DSc) who built our client base and planted the roots of our company.
He brought his daughter, Lori, onboard to utilize her 5 years of experience with the Internal Revenue Service (IRS) to partner with him in growing the firm which allowed us to provide a wider range of services to assist our clients.
Throughout our history, we have maintained a strong commitment to helping individuals and small businesses thrive, manage, budget, and plan for the future.
Our business began in 1980 with founder, Tony Lopez (DSc) who built our client base and planted the roots of our company.
He brought his daughter, Lori, onboard to utilize her 5 years of experience with the Internal Revenue Service (IRS) to partner with him in growing the firm which allowed us to provide a wider range of services to assist our clients.
Throughout our history, we have maintained a strong commitment to helping individuals and small businesses thrive, manage, budget, and plan for the future.
Federal law requires you to maintain copies of your tax returns and supporting documents for three years.
This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit.
To be safe, use the following guidelines.
Create a Backup Set of Records and Store Them Electronically.
This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit.
To be safe, use the following guidelines.
Create a Backup Set of Records and Store Them Electronically.
Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail.
Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.
The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return.
If you don't comply with the Auditors' wishes, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift.
Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.
The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return.
If you don't comply with the Auditors' wishes, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift.
Individuals - If you have an automatic 6-month extension to file your income tax return for 2019, file Form 1040 or Form 1040-SR and pay any tax, interest, and penalties due.
Corporations - File a 2019 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due.
This due date applies only if you timely requested an automatic 6-month extension.
Employers - Income tax withholding.
Encourage employees to fill out a new Form W-4 for 2021 if they experienced any personal or financial changes.
Corporations - File a 2019 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due.
This due date applies only if you timely requested an automatic 6-month extension.
Employers - Income tax withholding.
Encourage employees to fill out a new Form W-4 for 2021 if they experienced any personal or financial changes.
L. Lopez, CPA & Associates is rapidly growing and seeking individuals with exceptional accounting and/or bookkeeping experience.
Bilingual candidates speaking and writing in Spanish and English is a plus.
Immediate full and part-time positions are available.
A flexible work schedule is available for the right candidate.
We would like these individuals to have a minimum of three (or more) years of accounting and Quick Books experience.
Prior experience in a CPA firm preferred.
General accounting knowledge necessary to perform duties including accounts receivables/payables, prepare monthly and quarterly payroll deposits and returns, prepare monthly sales tax prepayments and quarterly sales tax returns, general ledger journal entries, bank reconciliation, month-end closing procedures, and preparation of basic financial statements.
Bilingual candidates speaking and writing in Spanish and English is a plus.
Immediate full and part-time positions are available.
A flexible work schedule is available for the right candidate.
We would like these individuals to have a minimum of three (or more) years of accounting and Quick Books experience.
Prior experience in a CPA firm preferred.
General accounting knowledge necessary to perform duties including accounts receivables/payables, prepare monthly and quarterly payroll deposits and returns, prepare monthly sales tax prepayments and quarterly sales tax returns, general ledger journal entries, bank reconciliation, month-end closing procedures, and preparation of basic financial statements.
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