April 15^th is approaching rapidly and you may be wondering if there are still ways that you can save money on your taxes this year. Well wonder no more. Here are 5 tax tips that can save you real money on your 2012 tax return, from your friends at Pronto Income Tax:

1. If you're not going to be able to file your tax return by April 15^th, file an extension. The Internal Revenue Service charges a penalty of 5 percent of the tax owed for every month or part of a month your tax return is late, up to a maximum of 25 percent of your tax due—yikes! Avoid the late filing penalty by filing an extension using Form 4868. You can also walk into a Pronto Income Tax office location and file an extension electronically. By filing an extension, you give yourself until October 15^th, 2013 to file your 2012 tax return.

New Year...New Location...New Opportunities!

Pronto Income Tax Opens New Office in the City of Van Nuys

This new year we are really excited about the launch of a brand new Pronto Income Tax office in Van Nuys. We want to introduce now and welcome the new Pronto Tax Team who will be working out of our new location, we are happy to say that we have created five new jobs in this new location which in this economy is not easy to do. We are so thankful to have a great staff ready to provide you with friendly, professional, affordable tax preparation services.

"Read More" to meet the team!

By Tim Frye

One of the biggest ways to get ahead in life and establish a certain level of sustenance is to own property. When you own property including rental property, you are putting your monthly mortgage payments into an asset that is under your name, and that will hopefully provide you some liquid equity for years to come.

Owning income-producing property such as duplexes or apartment building is a way to provide you and your family with consistent and concrete monthly income. It is also allows you favorable tax advantages that an individual taxpayer who does not own rental property may not have access to. Here are a few of the best deductions available to landlords.

The IRS phone system can be difficult to navigate and is some people's version of torture.  We call the IRS a lot (mostly for non-Pronto clients who have tax problems) and we have by this time more or less figured out the fastest way to talk to a real person at the IRS.  These are the steps we recommend you take to get through the Internal Revenue Service phone chain:

1. Call 1-800-829-1040 and, when prompted, Press 1 for English or 2 for Spanish