Race Street Tax Service is a full-service bookkeeping firm serving clients throughout the area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. On this website, you will find information about Race Street Tax Service, including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
Services
Race Street Tax & Bookkeeping Service was founded in 1976. We have continuously provided excellent service to hundreds of small businesses in the Bay Area. Our long-term clients are like family to our team. As a strong small business with a great track record, we are able to provide the individual attention our clients need and deserve. These services include bookkeeping and income tax preparation.
Race Street Tax Service provides a wide range of services to individuals and businesses in a variety of industries. At Race Street Tax Service, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Have you just started a new business? Did you know expenses incurred before a business begins operations are not allowed as current deductions? Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins. However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred. The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill. Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Reviews (4)
Avey Garza
May 19, 2021
Critical: Professionalism, Quality, Responsiveness, Value Horrible customer service, charge as much as the big places like H&R our Liberty for example, give no help, I have to pay I have the money I owe, I paid them here's your forms you owe this amount go pay them is the service I received, will never go back.
Michael V.
May 18, 2021
Would give no stars, charge as much as a national chain, that's fine I thought well they must give great customer service, wrong! Horrible customer service, no help, pay there outrageous fee's given my papers and that's it, thanks for the help, paid your outrageous fees for nothing, I could have got more help from the big tax places, now I have to call the IRS to pay over the phone or online, this place is trash.
Gregory Murphy
Nov 17, 2019
Susan W.
May 08, 2012
