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If you have a tax liability with the IRS, you may be interested to know about a new program of the IRS. The Internal Revenue Service plans to begin partnering with private debt collection companies for the collection certain overdue federal tax... Read More

CDTFA OFFERS IN COMPROMISE The State Board of Equalization allows taxpayers to request a settlement of their tax liabilities for less than the full amount. The SBOE Offer in Compromise (OIC) program is for taxpayers that do not have, and will not... Read More

What Does My FTB Tax Notice Mean? If you have an FTB tax liability, it is very important that you monitor the letters that you receive from the FTB. The FTB will send you notices to inform you of where your tax... Read More

What is an FTB Tax Lien? A lien is a charge upon real or personal property to satisfy debt ordinarily arising by operation of law. A lien legally encumbers California property, preventing the property from being sold or transferred through escrow as... Read More

How Long Is the FTB Statute of Limitations? The California Franchise Tax Board, or FTB, is the agency tasked with determining and collecting the correct amount of tax from California taxpayers and from taxpayers with certain connections to California. Statute of limitations... Read More

Sole Proprietorship Tax Primer A schedule C is a business that is a sole proprietorship. A sole proprietorship is the simplest business form under which one can operate a business. Other business forms include corporation, partnership or LLC. The sole proprietorship is... Read More