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The question often arises how to address a taxpayer’s FTB tax returns after an IRS audit. In addition, generally how long is the time period during which the FTB can audit a taxpayer’s return? The Revenue and Taxation Code provides final deadlines... Read More

IR-2016-167, Dec. 9, 2016 WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 23, 2017, and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. The IRS will begin accepting... Read More

During the audit stage, the SBOE auditor will present his or her findings to you. If you disagree with a decision of the staff of the BOE regarding your liability for taxes or fees, you can usually contest that decision by filing... Read More

There are significant differences between the IRS form 8938 and the FBAR form. Each form is unique and must be prepared with each of their instructions in mind. The FBAR was enacted under the Bank Secrecy Act and the IRS form 8938... Read More

The general statute of limitations for the IRS to assess tax or a civil penalty is three years from the filing of the tax return. There are several exceptions. The FBAR statute of limitations is generally 6 years from the filing due... Read More

Are Taxes Dischargeable in Bankruptcy? If you owe past due federal taxes that you cannot pay, bankruptcy may be an option. As a result, some taxpayers need to know the basics of discharging tax liabilities. Other options include an IRS payment plan,... Read More