Accounting, Bookkeeping, Payroll, Taxes and Business Management Services

Quantum Accounting Tax Group is a Riverside County, Orange county firm serving clients throughout Southern California that provides a wide variety of business accounting, bookkeeping, tax preparation and financial management services.

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Did you know? Helpful tax information you can't ignore...

Taxpayers must report specified foreign financial assets on new Form 8938.

The Form 8938 filing requirement applies to U.S. citizens and resident aliens, nonresident aliens who elect to file a joint income tax return and certain nonresidents who live in a U.S territory. Form 8938 is required when the total value of specified foreign assets exceeds certain thresholds like a married couple living in the U.S and filing a joint tax return would only file Form 8938 if their total specified foreign assets exceed $100,000 on the last day of the tax year or more than $150,000 at any time during the tax year.

The thresholds for taxpayers who live abroad are higher. For example, a married couple living abroad and filing a joint return would file Form 8938 if the value of specified foreign assets exceeds $400,000 on the last day of the tax year or more than $600,000 at any time during the year.

services & locations

Quantum Accounting Tax Group provides a wide variety of business accounting, bookkeeping, tax preparation and financial management services. Serving clients throughout Southern California, including but not limited to Riverside, California, the greater Inland Empire, Orange County and San Bernardino County areas. Our clients are located in the cities of Riverside, Corona, Chino Hills, Temecula, Lake Elsinore, San Bernardino County, Inland empire, Anaheim, Aliso Viejo, Buena Park, Fullerton, Costa Mesa, Garden Grove, Irvine, Tustin, Santa Ana, Orange, Lake Forest, Laguna Hills, San Juan Capistrano, San Clemente, Yorba Linda and surrounding cities in Los Angeles County, Long Beach, Sherman Oaks, Woodland Hills and more...