About Paul Scholz CPA

Paul Scholz, CPA, MST is the Managing Partner of Onisko & Scholz, CPA Firm in Long Beach, CA. He is in charge of the Firm's Tax Practice, and has a specialty in estates and trusts.

RMD Planning

As we mercifully swing in to the end of the year 2020, along with all the political and social issues we are still dealing with as a nation, there is always TAX PLANNING! As the days march closer to December 31 it is important to consider possible year end moves to reduce the amount of money you’ll ultimately send to whoever is President.

By |2020-12-07T19:46:04-08:00December 7th, 2020|Pauls's Tax Blog, RMD|0 Comments

Some Clarity

After a deluge of comments from the public, we now have conformity (mostly).  The IRS announced Friday that both the tax payment due dates AND the filing dates for tax returns have been pushed back to July 15.

By |2020-04-30T21:47:39-07:00March 21st, 2020|Pauls's Tax Blog|0 Comments

Tax season musings

Ah, it’s January already. Time to prune my fruit trees and look forward to the Superbowl party. Hopefully there is time to broadcast it between all the ads for Turbotax, H&R Block and the latest rich guys running for President. Personally I agree with President Eisenhower who said that the only way to get rich [...]

By |2020-01-30T13:32:55-08:00January 30th, 2020|Pauls's Tax Blog|0 Comments

Pass the SALT!

As we race towards the end of the year our office is scrambling with year-end tax projections for clients. Tax Planning used to be easier, but with the recent tax act capping State and Local Tax (SALT) deductions at $10,000 for taxpayers itemizing deductions, planning has taken on new challenges. With the SALT deductions limited [...]

By |2019-12-23T15:52:32-08:00December 23rd, 2019|Pauls's Tax Blog|0 Comments

Taxes and politics

Long time readers will know that it wouldn’t be the Holiday Season if I didn’t comment about year-end tax planning. Even though your time may be fully absorbed running between Holiday parties and shopping excursions, as we approach December 31 now is the time to evaluate your tax situation for 2019 and make any moves [...]

By |2019-12-13T14:19:48-08:00December 13th, 2019|Pauls's Tax Blog|0 Comments

Finally, Some Progress

It seems that the only things that come out of Washington these days are stupid headlines about stupid stuff. I guess that’s how they keep the masses attention focused where they want it. Sadly amidst all the spin and PR jockeying the less sexy important things get buried and overlooked. One such thing is H.R. [...]

By |2019-09-26T09:24:02-07:00September 26th, 2019|Pauls's Tax Blog|0 Comments

While You Were Out Celebrating…

One of the reasons I love the 4th of July is the open display of defiance to overregulation by the use of illegal fireworks. You can drive through some areas of town and see ample evidence of civil disobedience, despite threats of heavy fines by local governments. Pushing back against overregulation and taxation is what [...]

By |2019-07-09T12:53:43-07:00July 9th, 2019|Pauls's Tax Blog|0 Comments

The Best Investment For Anyone

It’s pretty unlikely that I’ll ever be asked to speak at a commencement ceremony. I don’t have great academic accomplishments or a particularly storied Resume. I don’t even have a fancy robe with colored sashes and tassels. I guess I’ll never rise to that level of wisdom. But frequently I am asked for advice and [...]

By |2019-05-10T15:05:24-07:00May 10th, 2019|Pauls's Tax Blog|0 Comments

Tax Season TV Ads

Based upon all the TV ads for H&R Block and Turbo Tax, I guess it must mean we are in tax season again. That would explain the piles of files on my desk and the weekends my team is putting in here at the office! So far, a couple trends are starting to appear. First, [...]

By |2019-02-26T10:48:23-08:00February 26th, 2019|Pauls's Tax Blog|0 Comments
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